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Shares soar at PSX as benchmark KSE-100 crosses 68000 mark for first time

10:01 AM | 4 Apr, 2024
Shares soar at PSX as benchmark KSE-100 crosses 68000 mark for first time
Source: File Photo

KARACHI – Pakistan's stock market soared to new record high of 68,000-mark on Thursday, driven by positive economic indicators.

Stock Exchange saw a bullish run in early trade, leading to a new record being created in the benchmark 100 index. The market gained over 470 points in the opening session to reach 68,229 points, a new record.

The cement and steel sectors continue to be popular choices for investment during the current bullish trend. The slight decrease in inflation has revived expectations that the central bank might begin slashing soaring interest rates.

Furthermore, progress in the government's plan to privatise State-Owned Enterprises (SOEs) has contributed to the KSE-100 index reaching record highs recently.

Confidence is increasing further due to the significant progress in privatisation and the inflow of foreign portfolio investment into government securities.

Daily Pakistan Global Web Desk


PKR exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 22 April 2024

Pakistani currency remains largely same against US Dollar and other currencies on April 22, 2024 Monday.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 22 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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