Tag Archives: Stocks

US dollar hits 17-month high at Rs 104.10

With reports that some dominant exporter groups are trying to create instability in the market by buying US dollars in large quantities, the exchange rate for US dollar in the interbank market has appreciated by Rs 2.10, reaching a 17-month high of Rs 104.10.

Stocks close higher at KSE

The Karachi Stock Exchange closed higher on on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.69 percent, or 174.26 points, to 25,524.46. With momentum continuing and improving

Stocks end higher, rupee weakens

The Karachi Stock Exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange rising 100.41 points to 21,775.39. Positive sentiment was witnessed in the market as global

Stocks end lower, rupee steady

The country’s main stock exchange closed lower on Tuesday as investors anticipated more interest rate hikes from the central bank. The benchmark 100-share index of the Karachi Stock Exchange fell 0.76 percent

Moody’s, APC help bulls-run on Karachi stocks

The Karachi stocks market witnessed a bullish trend Tuesday on the back of politico-economic positives, prominently Moody’s favourable remarks regarding IMF’s $6.64 billion loan for the dollar-hungry Pakistan. The day saw the

Stocks close lower, rupee steady

Stocks closed lower on Monday in the Karachi Stock Exchange, with rising pressure on Engro Corporation dampening sentiments across the board. Engro Corporation closed at its lower limit amid speculation that one

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