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PSX crosses 70,000 points milestone in record-setting rally

10:14 AM | 9 Apr, 2024
PSX crosses 70,000 points milestone in record-setting rally

KARACHI – Pakistan Stock Exchange (PSX) continues to set new record amid remarkable rally during the week and it soared to new all-time highs and surpassed the 70,000-point mark.

The second session of the week saw massive buying amid positive sentiment in money market. The flagship KSE100 Index saw witnessed over 600 points 0.80pc to 70,316 in early trading.

Experts link PSX rally with International Monetary Fund (IMF) support, anticipated policy rate cuts, alongside PIA restructuring efforts. 

On Monday, Stock Exchange soared to new record high as it crossed the 69,000 barrier with a surge of more than 500 points. Cement, pharmaceutical, and steel sectors led the rally at the PSX.

Daily Pakistan Global Web Desk

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 21 May 2024

Pakistani currency rates against US Dollar and other currencies on May 21, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.7 for buying and 280.35 for selling.

Euro moved up to 298 for buying and 301 for selling while British Pound rate is 350.5 for buying, and 354 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 21 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 298 301
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 183 184.80
Bahrain Dinar BHD 739 747.8
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.89
Danish Krone DKK 40.53 40.65
Hong Kong Dollar HKD 35.65 36.31
Indian Rupee INR 3.34 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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