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Pakistan Stock Exchange touches new all-time high of 62,000 points amid strong confidence of investors

11:05 AM | 4 Dec, 2023
Pakistan Stock Exchange touches new all-time high of 62,000 points amid strong confidence of investors
Source: file photo

KARACHI – The Pakistan Stock Exchange (PSX) has seen a massive rise of nearly 20 percent and the highest investment in over five years depicts the country’s economic revival.

On Monday, the KSE-100 index surpassed 62,000 points milestone for the first time in history with another push of 770 points, reaching 62,461 points. 

As the country of 240 million battles political and economic woes, PSX index gained phenomenal rise in aftermath of IMF successive review, and inflows from friendly nations.

The staff-level agreement for the second tranche of IMF bailout funds and inflow from multilateral institutions helped authorities build new sentiment in money market. 

Last month, the benchmark share index (KSE) crossed 60,000 to trade at an all-time high of 60,500.61 points, and now it keeps rising.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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