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Pakistan Stock Exchange surges to all-time high, nears 57,000 points milestone

10:36 AM | 14 Nov, 2023
Pakistan Stock Exchange surges to all-time high, nears 57,000 points milestone
Source: File Photo

vKARACHI – Pakistan Stock Exchange (PSX) continued its upward trajectory, touching a new milestone as the benchmark KSE-100 Index moved up by 285 points.

In the opening hours of trading, stock Exchange gained 285 points and 100-index hovers at 56,850 points.

On Monday, the 100-index finished at 56,524 points after surpassing the 56,000-point mark for the first time in history.

The stock market has been shattering new records since it crossed the 53,000 mark for the first time in six years early in November.

Experts link the historic surge with the reduction in Pakistan Investment Bonds yields, which amplified buying at domestic level.

The historic surge in the Stock Exchange pushed positive sentiments in money market, and an ongoing IMF review remains a key checkpoint that will further amplify the market’s future trajectory.

The development is a positive indicator of Pakistan's economic strength and stability, and is said to be helpful in luring international investors.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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