The Pakistan Stock Exchange (PSX) ended the week on a bearish note, with the benchmark KSE-100 Index sliding 1,701 points, or 1.09%, to close at 154,440 on Friday. The session began on a positive footing, but momentum faded quickly as profit-taking set in, pushing the index below the key 155,000 level. Heavy selling in index-heavy…
Gold and silver prices remained unchanged on Wednesday in both international and domestic bullion markets, holding firm at record highs following six consecutive sessions of gains. In the international bullion market, gold steadied at $3,654 per ounce with no change. Locally, the price of 24-karat gold stood at Rs388,100 per tola and Rs332,733 per 10…
Pakistan Stock Exchange (PSX) showed no signs of slowing down its bullish run on Tuesday, as investors continued to accumulate equities, taking cues from stellar corporate earnings and an upbeat market outlook. The benchmark KSE-100 index surged to a fresh all-time high of 156,563.53, rising by 476.22 points, or 0.31%, compared to the previous day’s…
Gold prices in global and local markets remained unchanged on Tuesday, holding at record highs. According to the international bullion market, the price of gold per ounce stood steady at $3,480, while in Pakistan, the price of 10 grams of gold remained firm at Rs317,815. The per tola price was also unchanged at Rs370,700, maintaining…
Gold prices surged sharply in international and domestic markets on Saturday, pushing local rates to record highs. According to reports, the price of gold in the international bullion market rose by USD 36 per ounce, reaching USD 3,447. Following the global increase, the price of gold in Pakistan also climbed by Rs3,600 per tola, hitting…
The State Bank of Pakistan (SBP) announced on Tuesday that it will keep the policy interest rate steady at 11%, citing steady inflation and signs of economic improvement. SBP Governor Jameel Ahmed said inflation currently stands at 7.2%, with a slight rise observed in May and June. The average inflation rate for the last fiscal…
The Pakistan Stock Exchange’s benchmark KSE-100 index surged 863.90 points on Tuesday to reach 140,243.95 — up 0.62% during intra-day trading, from the previous close of 139,380.05 — as Finance Minister Muhammad Aurangzeb departed for the United States to finalise a trade agreement. This marks his second US visit in two weeks, with the government…
Due to Pakistan’s poor credit rating at junk level, the nation remains excluded from global capital markets. (AI image) Pakistan’s economy is deeply troubled, and its drowning in debt – its dependency on external support increasing every year. Pakistan got a record $26.7 billion in foreign loans in the previous fiscal year – a fact…
The Pakistan Stock Exchange (PSX) opened on a bullish note on Monday, with the benchmark KSE-100 Index gaining 1,187.99 points, or 0.9%, current index of 133,137.05 during intra-day trading. The index recorded a high of 133,156.63 and a low of 132,467.12. Trading volume stood at over 41 million shares, with the total traded value reaching Rs 3.39…
The Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, with the benchmark KSE-100 index gaining 489.75 points, current index at 131,176.40 — an increase of 0.37% during intra-day trading. The index reached an intraday high of 131,411.40 and a low of 130,716.10 during the trading session. Trading volume stood at 73.6 million shares,…
