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Bulls dominate trade floor as PSX reaches all-time high

03:26 PM | 3 Apr, 2024
Bulls dominate trade floor as PSX reaches all-time high
Source: File Photo

KARACHI – The Pakistan Stock Exchange (PSX) on Wednesday surged to record high after shares gained over 800 points amid anticipated cut in interest rate.

The KSE-100 index gained 869.77 points, or 1.3 percent, to close at Rs67,756.03. During intra-day trading, it witnessed highest level of 67,873.21 points.

On March 28, the KSE-100 hit a record high 67,142.12 points. Today, bullish trend helped the PSX to cross the previous record.

Major gains were witnessed in sectors such as cement, transport, technology and communication and commercial banking.

An expert told media that decreasing inflation rate hinting towards economic resilience. He added that the situation has led investors to anticipate cut in interest rate in next review by the State Bank of Pakistan.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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