PSX sheds 465 points as upcoming budget weighs on bourse on May 28, 2024Pakistan Stock Exchange (PSX) remained under selling pressure on Monday amid uncertainty regarding government measures in the upcoming budget, with the benchmark KSE-100 Index losing 465.55 points (-0.61 percent) to close at 75,517.48 points. The market opened on a positive note and gained over 200 points within a few minutes. However, the index soon witnessed […]
Gold snaps losing streak on May 7, 2024Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per tola on Monday, toeing an uptick in the price of the yellow metal in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold increased to Rs240,500 from Rs238,000. […]
PKR slips 0.13pc in April to snap 4-month winning spree vs USD on May 2, 2024Pakistani rupee snapped a four-month winning streak against the US dollar in the interbank market and edged lower by 0.13 percent in April. According to details, the rupee opened the month of April at 277.95 against the greenback in the interbank market and closed at 278.31, depreciating by Rs0.36 month-on- month. Earlier, the local unit […]
Cut in roti price challenged in IHC on April 25, 2024While hearing a plea challenging the legality of roti and naan price reduction notification in Islamabad Capital Territory, a single-member bench of the Islamabad High Court on Wednesday issued notice to deputy commissioner and others in the matter for Thursday (today). In response to an initiative by the Punjab government, the ICT administration has issued […]
Rising oil prices take a breather on March 27, 2024Rising crude oil prices took a breather on Tuesday amid a slightly weaker US dollar. As of 1235 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.01 (+0.01 percent) to reach $86.76 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil benchmark for North America, went up by […]
Stocks at PSX soar for second straight day on March 27, 2024Pakistan Stock Exchange (PSX) witnessed another positive session on Tuesday, with the benchmark KSE-100 Index gaining 380.63 points (+0.58 percent) to close at 65,906.27 points. The indices switched in both green and red territories during the first half an hour and then stayed in the green territory. The indices continued the bullish trend till end […]
Gold price jumps to Rs229,400 a tola on March 27, 2024Gold price in the country increased by Rs1,200 per tola on Tuesday following an uptick in price in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold increased to Rs229,400 from Rs228,200. Similarly, the price for 10 grams of 24-karat gold increased to […]
PKR inches up to 278.08 against USD on March 27, 2024Pakistani rupee inched up against the US dollar in the inter-bank market on Tuesday, appreciating by 0.02 percent. The State Bank of Pakistan (SBP) said that the rupee opened at 278.13 against the dollar in the interbank market and closed at 278.08, gaining five paisas. The local unit gained 60 paisas against the greenback last […]
Middle East tensions push oil prices up on March 13, 2024Crude oil prices increased on Tuesday as tensions in the Middle East continued to spur concerns. As of 1110 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.52 (+0.63 percent) to reach $82.73 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil benchmark for North America, went up […]
Rupee sheds four paisas against dollar on March 12, 2024The rupee snapped a two-day winning streak against the US dollar in the inter-bank market on Monday and depreciated by four paisas. The State Bank of Pakistan (SBP) said that the rupee opened at 279.04 against the dollar in the interbank market and closed at 279.08, depreciating by 0.1 percent. The local unit gained 15 […]