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PSX hits new peak as KSE-100 closes in on 64,000 mark

07:59 PM | 6 Dec, 2023
PSX hits new peak as KSE-100 closes in on 64,000 mark
Source: File Photo

KARACHI – Bullish trend continued in the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index closed at all-time high level.

During intraday trading, the stocks witnessed a historic moment when the benchmark cross the 64,000 mark for a brief period before settling at the 63,917.77 points.

It went up by 1.7 percent or 1,058 points at 2:55 PM to hit 64,014. At 3:10 PM, it surged to 64,038, up 1.72 percent or 1,082 points. 

The benchmark index has surged by over 54 percent or 22,556 points since Pakistan secured the IMF standby agreement in June 2023. 

Overall, the market registered a total trading volume of 984 million shares, amounting to a value of Rs35.1 billion.

The highest trading was recorded in K-Electric Limited (PSX: KEL) with over 143 million shares traded, followed by Worldcall Telecom Limited (PSX: WTL) and Oil and Hascol Petroleum Limited (PSX: HASCOL). 

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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