PSX remains volatile amid mixed indicators | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX) experienced volatility in the outgoing week as it oscillated between red and green zones and closed with thin gains of nearly 200 points. The market’s movement was largely influenced by mixed investor sentiment over the growing political uncertainty, policy rate cut, rating decisions of global agencies and improved economic data. […]
Rupee shows resistance amid volatile market | The Express Tribune
KARACHI: The Pakistani currency, in a defiant stance, held its ground near the Rs287 mark against the US dollar in the interbank market on Friday, marking the fourteenth consecutive day of resisting a significant drop. According to State Bank of Pakistan (SBP) data, the local currency experienced a marginal decline of 0.05%, or Rs0.13, to […]
Rupee-dollar parity projected to remain volatile | The Express Tribune
ISLAMABAD: The International Monetary Fund’s latest assumptions suggest that the average exchange rate could be around Rs305 to a dollar at the end of the current fiscal year, which is higher than the rate quoted by the government to prepare the budget for the ongoing year. Neither has the IMF given the exchange rate in […]
Rupee remains volatile as USD crosses 211 | The Express Tribune
KARACHI: The Pakistani rupee remained highly volatile as it plunged to a record low of over Rs211 against the US dollar in the inter-bank market on Monday. The US dollar was available at Rs211.21 at 11:03 am and had closed at Rs208.75 on Friday, according to the State Bank of Pakistan (SBP). The latest fall in […]
Market watch: Stocks fall in volatile trading | The Express Tribune
KARACHI: The Pakistan Stock Exchange remained under the grip of volatility on Wednesday as the KSE-100 index had a topsy-turvy movement, driven by the transforming political scenario and the emerging developments prior to the no-confidence motion. Additionally, the rupee fared no better and lost further ground to close at a historic low against the US […]
Oil jumps in volatile trade amid CPC pipeline disruption | The Express Tribune
LONDON: Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. US West Texas Intermediate (WTI) crude futures rose $4.83, […]
Oil prices slide in volatile session | The Express Tribune
BENGALURU: Oil prices gave up gains to trade lower on Thursday after its biggest plunge in two years in the previous session, as traders debated if the market’s supply disruption concerns were overdone after Russia pledged to fulfill contractual obligations. Since Russia’s February 24 invasion of Ukraine, oil markets have been the most volatile in […]