Rupee gains Rs1.32 against dollar on June 9, 2022Exchange rate of Pak Rupee strengthened by Rs1.32 against the US Dollar in the interbank trading on Wednesday and closed at Rs201.5 against the previous day’s closing of Rs202.82. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs202.1 and Rs204.1 respectively. […]
U.S. dollar dips as risk appetite improves on June 9, 2022The U.S. dollar slipped in late trading on Tuesday as improved market sentiment bolstered demand for higher-risk currencies such as the Australian dollar and sterling. The dollar index, which measures the greenback against six major peers, decreased 0.13pc to 102.3080. The euro, the largest component of the index, rallied as investors awaited a key policy […]
Gold prices up by Rs1250 to Rs143,250 per tola on June 8, 2022The price of 24 karat per tola gold witnessed an increase of Rs12,50 per tola and was sold at Rs143,250 on Tuesday against its sale at Rs142,000 the previous day in the local market. The price of ten-gram 24 karat and 22 karat gold also increased by Rs1072 and was sold at Rs122,814 as compared […]
PSX loses 8 points on June 8, 2022The KSE 100-index of the Pakistan Stock Exchange (PSX) lost 8.80 points on Tuesday, a nominal negative change of 0.02pc, closing at 41,568.41 points against 41,577.21 points on the last working day. A total of 157,436,585 shares were traded during the day compared to the trade of 189,245,419 shares the previous day, whereas the price […]
Gold prices up by Rs2800 to Rs142,000 per tola on June 7, 2022The price of 24 karat per tola gold witnessed an increase of Rs2,800 per tola and was sold at Rs142,000 on Monday against its sale at Rs139,200 the previous day in the local market. The price of 10-gram 24 karat and 22 karat gold also increased by Rs2400 and was sold at Rs121,742 as compared […]
Rupee sheds Rs2.14 against US Dollar on June 7, 2022Exchange rate of Pak Rupee weakened by Rs2.14 against the US Dollar in the interbank trading on Monday and closed at Rs200.06 against the previous day’s closing of Rs197.92. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs197.6 and Rs199.6 respectively. […]
PSX gains 262 points to close at 41,577 points on June 7, 2022The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 262.33 points, with a positive change of 0.63pc, closing at 41,577.21 points against 41,314.88 points on the last working day. A total of 189,245,419 shares were traded during the day compared to the trade of 225,392,739 shares the previous day, […]
KSE-100 index marketing cap rose 27pc in FY21 on June 6, 2022The marketing capitalization of the KSE-100 index increased by 27pc in the fiscal year 2020-21 from Rs6,529.7b on June 30, 2020 to Rs8,297.3b on June 30, 2021. The KSE-100 index began the year at 34,421.92 points and ended at 47,356.02 points on June 30, 2021, i.e., an increase of 38pc since the beginning of the […]
US job openings decline to 11.4m in April on June 6, 2022Job openings in the US declined to 11.4m in April, in line with the market estimate, according to figures by the Labour Department released Wednesday. The figure is a 455,000 decline from the approximately 11.8m in March, while the rate of job openings stood at 7pc last month. The largest decreases in openings were in […]
Pakistan’s IT exports likely to surpass $3b this year on June 5, 2022Pakistan’s Information Technology exports are expected to surpass $3b target during the current financial year due to the congenial investment atmosphere provided by the government. “In the first nine months, ICT exports’ remittances, including Telecommunication, Computer and Information Services for the period July 2021 to March 2022 have surged to $1.948b at a growth rate […]