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Investor optimism lifts KSE-100 index, gains 375pts
Karachi: Pakistan Stock Exchange (PSX) witnessed bullish trading session and benchmark index KSE-100 gained 0.92 percent after handful of rangebound sessions last week. Investors’ sentiment turned positive over budget proposals being put forwar...
Domestic unit gains 59 paisa to close 285.15 in interbank
Karachi: Rupee strengthened further against dollar, appreciating 0.21 percent in inter-bank market. At close, unit settled at 285.15, gain of 0.59 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in range of 308-3...
Rupee claws back some ground, settles at 285.74 against dollar
Karachi: Rupee registered significant gain against dollar, appreciating 0.49 percent in inter-bank market. At close, currency settled at 285.74, gain of Rs 1.39, as per State Bank of Pakistan (SBP). Increase comes after rupee registered marginal gain...
JBS acquires majority stakes in Silicon-Valley based Impare
Karachi: Jaffer Business Systems (JBS), system integrator based in MENAP region announced strategic acquisition of Silicon Valley based start-up, ‘Imparé’, specialising in chip verification. This acquisition is first time JBS has m...
‘Nonsensical’: economist Atif Mian slams Pakistan govt’s policies
Karachi: Atif Mian noted Pakistani-American economist and currently professor of Economics, Public Policy and Finance at Princeton University slammed government policies as South Asian economy continues to struggle with growing balance of payment cri...
Rupee ends losing streak in inter-bank, but falls to 308-310 in open market
Karachi: Rupee remained stable against dollar appreciating marginally by 0.01 percent in inter-bank market. At close, rrupee settled at 287.13, gain of 0.02 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in rang...
KSE-100 ends flat owing to late session selling
Karachi: Pakistan Stock Exchange (PSX) saw disorderly session and KSE-100 index ended flat after trading on both sides of spectrum. Political instability coupled with economic uncertainty encouraged investors to book profits on their holdings. At clo...
Inflation could reach new heights in May: report
Karachi: Inflation is likely to hit fresh peaks and is projected to reach over 37 percent year-on-year (YoY) in May against 36.4 percent recorded in April, JS Global Securities, brokerage house said in report. “We expect datapoint to clock in a...
Rupee settles at 286.56 against dollar
Karachi: Rupee registered losses against dollar, depreciating 0.26 percent in inter-bank market. At close, domestic unit settled at 286.56, loss of 0.74 paisa as per State Bank of Pakistan. In open-market, dollar hit record level of 306 against rupee...
Bears dominate bourse, KSE-100 falls 404pts on selling
Karachi: Negative session was witnessed at bourse to mark start of week, as benchmark KSE-100 Index lost over 400 points while volumes declined. Volumes remained sluggish across board, with third-tier equities leading pack. At close, KSE-100 Index wa...
