Bitcoin falls to $42,629 as as ETFs excitement fizzles out on January 16, 2024The cryptocurrency market edged lower on Monday, with the market capitalization losing 0.1 percent to reach $1.76 trillion. As of 1315 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, dipped to $42,629 with a decrease of 0.4 percent in the last 24 hours. The market capitalization of the biggest crypto […]
Gold rises by Rs450 to Rs217,900 a tola on January 16, 2024Gold price increased by Rs450 per tola in the local market for the fourth consecutive session on Monday, following an uptick in prices in the international markets. According to the data provided by Karachi Sarafa Association, the price for one tola of 24-karat gold increased to Rs217,900 from Rs217,450. Similarly, the price for 10 grams […]
Oil jumps around 4pc as Middle East tensions escalate on January 13, 2024Crude oil prices jumped around 4 percent for the fourth straight session on Friday after the US and UK struck Houthi targets in Yemen and Iran seized a tanker in the Gulf of Oman, stoking fears of an escalation in geopolitical tensions that could threaten trade and oil flows. As of 1235 hours GMT, Brent, […]
PSX posts 3.3pc weekly gain amid bullish outlook on January 8, 2024Pakistan Stock Exchange (PSX) closed the first week of the new year and the second week in a row on a positive note, with the benchmark KSE-100 Index gaining 2,063.85 points (+3.3 percent) to close at 64,514.89 points. The optimism remained high as the International Monetary Fund (IMF) executive board is scheduled to meet on […]
PKR improves to 281.40 vs USD to close 8th positive week on January 6, 2024The Rupee edged higher against the US dollar in the inter-bank market for the third consecutive session on Friday and improved by 27 paisas (+0.1 percent) to close the eighth straight week on a positive note. The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at 281.67 against the dollar […]
PSX closes flat after eroding 549 points intraday loss on January 4, 2024Pakistan Stock Exchange (PSX) ended flat on Thursday after a range-bound session, with the benchmark KSE-100 Index losing 7.69 points (-0.01 percent) to close at 64,639.15 points. The market opened on a positive note but took a dip soon and remained in the red territory for most part of the session. Despite some concerns regarding […]
Weekly inflation goes up by 0.37pc on December 30, 2023The Sensitive Price Indicator (SPI) based inflation reversed a two-week decreasing trend and increased by 0.37 percent for the week ended on December 28. According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, inflation on a year-on-year basis increased by 43.25 percent during the week as compared to the corresponding period […]
PKR improves for 9th session to 282.53 vs USD on December 23, 2023Rupee improved by 26 paisas (+0.09 percent) against the US dollar in the inter-bank market for the 9th straight session on Friday, closing the sixth consecutive week on a positive note, while it gained 25 paisas in the open market. The State Bank of Pakistan (SBP) said in a tweet that the rupee opened at […]
Gold price drops to Rs218,000 a tola on December 22, 2023Gold price snapped its three-day winning row on Thursday and fell by Rs500 per tola in line with an overnight drop in the international bullion prices. According to the data provided by Karachi Sarafa Association, the price for one tola of 24-karat gold decreased to Rs218,000 from Rs218,500. Similarly, the price for 10 grams of […]
Solana breaches $87 mark to become top 4th crypto on December 22, 2023The cryptocurrency market turned bullish on Thursday, with the market capitalization gaining 3.1 percent to reach $1.74 trillion. As of 1230 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, gained 2.9 percent in the last 24 hours to reach $44,104. The market capitalization of the biggest crypto has reached $863.4 […]