Pakistan Stock Exchange hits all-time high as KSE-100 surpasses 75,000 mark

10:34 AM | 15 May, 2024
Pakistan Stock Exchange hits all-time high as KSE-100 surpasses 75,000 mark
Source: File Photo

KARACHI – The Pakistan Stock Exchange recorded its best day of the year on Wednesday as benchmark index KSE-100 hits record 75,000 mark for the first time in history.

According to the PSX website, the market open with a positive sentiment and KSE-100 Index is currently hovering at 74,660 after hitting record 75,000 mark.

Investors rejoiced as the index soared by an impressive 563 points, reaching 75,094 points on Wednesday. 

Market analysts attribute this surge to various factors, including positive economic indicators, strong corporate earnings, and favourable government policies aimed at stimulating investment and growth.

The positive sentiment among investors reflects growing confidence in Pakistan's economic trajectory and its potential for sustained development.

Earlier this week, PSX closed at an all-time high, marking a significant milestone in the country's financial landscape. The recent trends in the stock exchange coincide with an ongoing visit by an IMF mission to Pakistan to negotiate a larger, long-term loan agreement. \

Daily Pakistan Global Web Desk


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

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75


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