KARACHI - Pakistan Stock Exchange (PSX) on Tuesday dropped to a 30-month low as the political instability, delay in revival of IMF loan programme and depleting foreign exchange reserves triggered investors’ massive exit from the market.
The benchmark KSE-100 Index plunged 1,378.54 points or about 3.47%, to close at 38,342.21 points. This is the lowest level after Jul 27, 2020.
The benchmark KSE-100 index opened in the green zone, but prevailing economic and political instability plunged the index down to an intra-day low of 1,432.94 points and concluded in the red zone.
“Whispers of delay in the IMF program along with continuous political upheaval, caused investors to lose confidence as they squared up their positions today,” Arif Habib Limited, one of the leading brokerages, said in its report.
The index suspended at 38,342.21 points, down by 1,378.54 (-3.47% DoD) as it closed 39,720.75 points on Monday. Sectors contributing to the performance include ESP's (-240.40pts), Technology and Communication (-222.8pts), Commercial Banks (-199.0pts), Cement (-164.9pts), and Fertilizer (-138.1pts).
More to follow…
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 20, 2023 (Monday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||341.5||345|
|Hong Kong Dollar||HKD||36.1||36.45|
|New Zealand Dollar||NZD||174.91||176.91|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Monday.The price of 10 grams of 24k gold was recorded at Rs178,500.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 208200||PKR 2390|
|Karachi||PKR 208200||PKR 2390|
|Islamabad||PKR 208200||PKR 2390|
|Peshawar||PKR 208200||PKR 2390|
|Quetta||PKR 208200||PKR 2390|
|Sialkot||PKR 208200||PKR 2390|
|Attock||PKR 208200||PKR 2390|
|Gujranwala||PKR 208200||PKR 2390|
|Jehlum||PKR 208200||PKR 2390|
|Multan||PKR 208200||PKR 2390|
|Bahawalpur||PKR 208200||PKR 2390|
|Gujrat||PKR 208200||PKR 2390|
|Nawabshah||PKR 208200||PKR 2390|
|Chakwal||PKR 208200||PKR 2390|
|Hyderabad||PKR 208200||PKR 2390|
|Nowshehra||PKR 208200||PKR 2390|
|Sargodha||PKR 208200||PKR 2390|
|Faisalabad||PKR 208200||PKR 2390|
|Mirpur||PKR 208200||PKR 2390|
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