PSX tumbles by 634 points on investor caution | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high […]
PSX tumbles as KSE-100 index falls below 80,000 points | The Express Tribune
The trading week started on a bearish note, with the Pakistan Stock Exchange (PSX) experiencing a significant drop compared to previous weeks which was marked with high points and investors’ confidence. The KSE 100 Index fell below the 80,000 points level, marking a sharp decline of 625 points or 0.79% to reach 79,492 points, three […]
PSX tumbles over 900 points ahead of federal budget | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) took the plunge of more than 900 points in the KSE-100 index benchmark. During the intraday trading on Tuesday, the PSX dipped nearly 1.22%, closing at 74,666.65 points. The PSX plummeted a total of 1,212 points from its intraday high of 75,878.48 points yesterday. Earlier today, International Packaging Films […]
PSX crosses 54,000 points threshold as rupee tumbles | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and surpassed the psychological barrier of 54,000 during the early hours of trading on Tuesday amid the ongoing ‘timely’ IMF review of the domestic economy under its $3 billion loan programme. However, later in the day, it receded below the barrier on profit-selling. The domestic […]
Rupee keeps ‘pedal to metal’, tumbles over Rs7 against dollar
A dealer holds US dollars at a money exchange market in Karachi on January 26, 2023. — AFP The Pakistani rupee kept ‘pedal to the metal’ losing over Rs7, or 2.73%, value against the US dollar as forex companies removed a cap on the exchange rate to win much-needed loans from the International Monetary Fund (IMF). […]
Stock market tumbles in lacklustre week | The Express Tribune
KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading week as jittery investors struggled to find positive cues amid continuously deteriorating macroeconomic indicators. Continuously falling rupee that hit record lows against the US dollar and depleting foreign exchange reserves haunted the trading environment in the outgoing week, thus keeping market participants at bay. Consequently, the […]