PSX gains 901 points as IMF hints to work with new govt on February 24, 2024Pakistan Stock Exchange (PSX) turned bullish for the third session in a row after the International Monetary Fund (IMF) said on Friday that it remains keen to work with the new government, with the benchmark KSE-100 Index gaining 901.47 points (+1.46 percent) to close at 62,815.81 points. The bulls dominated the trading floor in the […]
Gold gains traction for 6th day to Rs 215,300 a tola on February 23, 2024Gold price in the country increased for the sixth consecutive session by Rs100 on Thursday, following an overnight increase in the prices in the international markets. According to the data provided by the All Pakistan Gems and Jewellers Sarafa Association, the price for one tola of 24-karat gold increased to Rs 215,300 from Rs 215,200. […]
PKR closes 13th week vs USD on positive note on February 10, 2024Pakistani rupee improved against the US dollar in the inter-bank market for the second straight session on Friday and closed the 13th consecutive week on a positive note. The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 279.34 against the dollar in the interbank market and closed at 279.28, […]
PSX sheds 1,200 points on political uncertainty on February 10, 2024Pakistan Stock Exchange (PSX) witnessed its biggest daily decline in over six weeks as uncertainty pertaining to the election results took a toll on the market, with the benchmark KSE-100 Index losing 1,200.13 points (-1.87 percent) to close at 62,943.74 points. The market opened on a negative note and shed around 2,362 points at the […]
Bitcoin breaches $47,000 mark as bulls return on February 10, 2024The cryptocurrency market turned bullish on Friday amid growing anticipation surrounding the forthcoming Bitcoin halving event slated for April, with the market capitalization gaining 4.7 percent to reach $1.87 trillion. As of 1340 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, surged to $47,442 with an increase of 6.1 percent […]
Oil records biggest weekly loss of over 7pc since November on February 5, 2024Oil futures recorded their biggest weekly loss since November last week after making their biggest weekly gain since October in the preceding week, amid prospects of a pause in the Israel-Gaza war and a weakening fuel demand outlook. Major global benchmark Brent ended the week lower by 7.44 percent. Brent, the international benchmark for two-thirds […]
PSX extends gains to close week over 63,000 points on February 2, 2024Pakistan Stock Exchange (PSX) consolidated gains for the third session in a row on Friday, with the benchmark KSE-100 Index gaining 609.18 points (+0.98 percent) to close at 63,002.91 points. The market opened on a positive note and remained in the green territory throughout the session. A positive shift occurred in the market, propelled by […]
Oil prices edge lower after surging 6pc last week on January 30, 2024Crude oil prices edged lower on Monday after making their biggest weekly gain of over 6 percent since October last week as fears about the Red Sea supply disruptions continue to rise on mounting tension in the Middle East. As of 1405 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed […]
PKR gains 12 paisas to reach 279.98 vs USD on January 19, 2024The rupee continued advancing against the US dollar in the inter-bank market on Thursday and improved by 12 paisas (0.04 percent), surging for the 24th time in the last 26 sessions. The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 280.10 against the dollar in the interbank market and […]
Oil falls as output remains unaffected in Middle East tensions on January 16, 2024Crude oil prices went down more than 0ne percent on Monday as the Middle East conflict is currently not affecting oil production. As of 1300 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $1.11 (-1.42 percent) to reach $77.18 a barrel. Similarly, the West Texas Intermediate (WTI), the main oil […]