Bitcoin price climbs to $22.5K after Fed 75 basis point hike on June 17, 2022BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75pc, the largest hike in 28 years. Global financial markets were squarely focused on the U.S.Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the […]
Gold price increases by Rs550 to Rs143,000 per tola on June 16, 2022The price of 24 karat per tola gold witnessed an increase of Rs550 per tola and was sold at Rs143,000 on Wednesday against its sale at Rs142,450 the previous day in the local market. The price of 10-gram 24 karat and 22 karat gold also increased by Rs470 and was sold at Rs122,600 as compared […]
PSX gains 384.11 points, closing at 41,438 points on June 16, 2022KSE 100-index of the Pakistan stock exchange (PSX) on Wednesday witnessed a bullish trend, gaining 384.11 points, a positive change of 0.94pc, closing at 41,438.79 points against 40,054.68 points on the last working day. A total of 141,705,193 shares were traded during the day compared to the trade of 120,125,795 shares the previous day, whereas […]
Rupee extends losses against dollar on June 16, 2022Exchange rate of Pak Rupee weakened by Rs1.29 against the US Dollar in the interbank trading on Wednesday and closed at Rs206.45 against the previous day’s closing of Rs205.16. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs206 and Rs208 respectively. […]
Gold price increases by Rs350 to Rs142,450 per tola on June 15, 2022The price of 24 karat per tola gold witnessed a decrease of Rs350 per tola and was sold at Rs142,450 on Tuesday against its sale at Rs142,800 the previous day in the local market. The price of 10-gram 24 karat and 22 karat gold also decreased by Rs298 and was sold at Rs122,130 as compared […]
Rupee extends losses against dollar on June 15, 2022Exchange rate of Pak Rupee weakened by Rs1.31 against the US Dollar in the interbank trading on Tuesday and closed at Rs205.16 against the previous day’s closing of Rs203.85. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs204.5 and Rs206.5 respectively. […]
Bitcoin hits record low $21,000 on inflation data on June 15, 2022Bitcoin( BTC) nosedived to around $21,000 per coin on Tuesday, a position it saw 5 years ago. As the global crypto market crashed owing to the weak macroeconomic environment and systemic risk from within the crypto space. Bitcoin has fallen for nearly 12 straight weeks, from nearly $49,000 in March to around $21,000. It showed […]
US dollar smashes all records against Pakistani Rupee, touches Rs204 on June 14, 2022US dollar has now broken all previous records with an increase of Rs1.65 and reached Rs204 for the first time in Pakistani interbank trading history. The US dollar fell 35 paisas against the Pakistani rupee on Monday, reaching Rs202 from Rs202.35. However, by 10:30 am, the US dollar had gained 65 paisas and had reached […]
PSX loses 1,134 points, closing at 40,879 points on June 14, 2022The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,134.80 points, a negative change of 2.70pc, closing at 40,879.93 points against 42,014.73 points on the last working day. A total of 163,793,751 shares were traded during the day compared to the trade of 115,874,000 shares the previous day, whereas […]
Bitcoin slumps under $25,000, lowest in 18 months on June 14, 2022Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global market’s selloff. The world’s most popular cryptocurrency dived about 10pc to hit $24,692 in morning London deals, striking a level last seen in December 2020. World stock markets have plunged since Friday when data showed […]