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PSX rallies by 305.16 points as bull-run continues

KARACHI: Pakistan Stock Exchange (PSX) witnessed a bullish trend as KSE-100 closed at 39,882.78 points as compared to 39,577.62 points on the previous working day with positive change of 305.16 points (0.77%). Head of Equities Aba Ali Habib Securities said the oil and cement sectors led the bullish rally in the stock market on Wednesday. “Investors are expecting more returns ... Read More »

PSX’s first listing of 2020 comes with an oversubscribed IPO

KARACHI: A gong ceremony to mark the first listing of the year 2020 of The Organic Meat Company Limited (TOMCL) was held at Pakistan Stock Exchange (PSX). The Company has successfully listed on Pakistan Stock Exchange on August 3rd, 2020, after its Initial Public Offering (IPO) [on July 14 to 16] was oversubscribed by 1.6 times. It is a significant ... Read More »

PSX gains 613.17 points to close at 39,871.61 points

KARACHI: The Pakistan Stock Exchange (PSX) on witnessed bullish trend as KSE-100 closed at 39,871.61 points as compared to 39,258.44 points on the previous working day with positive change of 613.17 points (1.56%). Head of Equities Inter Market Securities Karachi, Raza Jaffari said the cement sector led the bullish rally in the stock market. The market was expecting the growth ... Read More »

USD gains 52 paisa against Pak rupee in interbank

KARACHI: The exchange rate of US Dollar strengthened by 52 paisa in the interbank on Monday against Pakistani rupee. The greenback is being traded at 167.50 rupees on first business day of the week. It had closed at Rs166.98 in the interbank market on Thursday. On the other hand, the stock market gained 303 points during the first trading day ... Read More »

Pak Rupee loses 20 paisa against US dollar

ISLAMABAD: The Pakistani rupee on Thursday shed by 20 paisas against US dollar in the interbank exchange market on Thursday to close at Rs 166.98 as compared to the last day s closing of Rs 166.78. According to the Forex Association of Pakistan, the buying and selling rates of dollar the in open market were recorded at Rs 166.9 and ... Read More »

Gold price jumps Rs250 to Rs122,250 per tola

ISLAMABAD: The price of 24 karat gold jumps Rs250 on Wednesday and was traded at Rs122,250, against Rs122,500 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold also witnessed increase of Rs214 and was trade at Rs105,238 against its sale at Rs105,024. The price of per tola silver decreased Rs30 and was trade at ... Read More »

PSX sustains bullish momentum amid soaring volumes

KARACHI: Bulls maintained their grip on the Pakistan Stock Exchange (PSX) for the third consecutive session on Wednesday, with the benchmark KSE-100 Index crossing the 39,000-mark intraday amid soaring volumes. Global equity markets, on the other hand, displayed a mixed pattern, whereas crude oil prices increased from the previous close; WTI crude price rising 1.05pc to $41.47 while Brent crude ... Read More »

PSX rallies by 613.54 points as bull-run continues

KARACHI: The Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend as KSE 100 index closed at 38,221.16 points as compared to 37,607.62 points on the last working day, with positive change of 613.54 points (1.63%). A total 288,103,131 shares were traded compared to the trade 266,531,768 shares during the previous day, whereas the value of shares traded during the ... Read More »

PSX to collect 3pc income tax on payments to non-residents

ISLAMABAD: Pakistan Stock Exchange (PSX) is required to deduct/collect a reduced rate of three percent income tax on payment to non-residents. Officials of Federal Board of Revenue (FBR) said that amendment has been made through Finance Act, 2020 and various service providers are required to collect three percent income tax on payment to non residents. These services are included: * ... Read More »

PSX gains 29 points to close at 37,607 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Friday witnessed bullish trend as KSE 100 index closed at 37,607.62 points as compared to 37,578.21 points on the last working day, with positive change of 29.41 points (0.08%). A total 266,531,768 shares were traded compared to the trade 379,281,425 shares during the previous day, whereas the value of shares traded during the ... Read More »

PSX loses 226.4 points to close at 37,578.21 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday witnessed bearish trend as KSE 100 index closed at 37,578.21 points as compared to 37,804.61 points on the last working day, with negative change of 226.4 points (0.6%). A total 379,281,425 shares were traded compared to the trade 405,508,815 shares during the previous day, whereas the value of shares traded during the ... Read More »

Pak rupee gains 27 paisa against US dollar

ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 27 paisas against US dollar in the interbank on Wednesday to close at Rs167.63 as compared to the last closing of Rs167.90. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs167.6 and Rs168.6 respectively. The State Bank of Pakistan ... Read More »

Pak rupee gains 50 paisa against USD in interbank

KARACHI: The exchange rate of Pakistani rupee (PKR) strengthened by 50 paisa in the interbank on Tuesday against United States dollar. The greenback is being traded at 167.90 rupees on second business day of the week. On the other hand, the stock market witnessed a negative change of 140 points during the second trading day of this business week after ... Read More »

USD hits record high of Rs168.30 against Pak rupee

ISLAMABAD: The exchange rate of Pakistani rupee weakened by 97 paisa against US dollar in the interbank on Monday to close at Rs 168.30 as compared to the last closing of Rs167.33. However, according to Forex Association of Pakistan, the buying and selling rates of Dollar in open market were recorded at Rs167.15 and Rs167.85 respectively. The State Bank of ... Read More »

Weekly report: Rupee depreciates in interbank, gold up by Rs750

KARACHI: The US dollar gained value against the Pakistani rupee in the both interbank and open market while gold price increased by Rs750 per tola during the outgoing week. According to details, the price of the greenback increased by 98 paisa in the interbank market, closing at Rs167.33; however, since July 1, dollar dipped by 70 paisa. During the outgoing ... Read More »

PSX records fresh gains, 100-index increases by 329.41 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Friday witnessed bullish trend as KSE 100 index closed at 37,330.85 points as compared to 37,001.44 points on the last working day, with positive change of 329.41 points (0.89%). A total 466,058,521 shares were traded compared to the trade 402,589,774 shares during the previous day, whereas the value of shares traded during the ... Read More »

US dollar extends gain against rupee in interbank market

  ISLAMABAD: The exchange rate of Pakistani rupee declined by 32 paisas against US dollar to close at Rs 166.99 in the interbank on Wednesday against the last day s closing of Rs 166.67. However, according to Forex Association of Pakistan, the buying and selling rates of Dollar in open market were recorded at Rs166.8 and Rs167.5 respectively. The State ... Read More »

PSX loses 66 points to close at 36,679 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Wednesday witnessed bearish trend as KSE 100 index closed at 36,679.03 points as compared to 36,745.22 points on the last working day, with negative change of 66.19 points (0.18%). A total 328,394,401 shares were traded compared to the trade 466,251,316 shares during the previous day, whereas the value of shares traded during the ... Read More »

PSX maintains rally as index gains 126.65 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend as KSE 100 index closed at 36,745.22 points as compared to 36,618.57 points on the last working day, with positive change of 126.65 points (0.35%). A total 466,251,316 shares were traded compared to the trade 468,906,802 shares during the previous day, whereas the value of shares traded during the ... Read More »

Pak Rupee eases by five paisas against USD on import demand

KARACHI: The Pak Rupee eased by five paisas against dollar on Tuesday owing to demand for import and corporate payments. The rupee ended Rs166.68 to the dollar from last day’s closing of Rs166.63 in interbank foreign exchange market. Currency experts said that dollar demand was remained higher for import and corporate payments. They said that due to ease in lockdown ... Read More »