Pakistan Stock Exchange records biggest weekly gain in 3 years

10:40 PM | 17 Jun, 2016
Pakistan Stock Exchange records biggest weekly gain in 3 years
KARACHI (Web Desk) - Pakistan stocks hit a new record closing high on Friday, led by energy and bank shares.

As per details, nearly three years after Pakistan stock market was included in MSCI´s key benchmark earlier last week.

The benchmark 100-share index of the Pakistan Stock Exchange ended 25.34 points, or 0.07 percent higher, at 38,776.94 points, a fresh closing high.

It gained 5 percent on the week, its best weekly gain since the first week of July 2013, when it rose 5.6%.

Pakistan´s benchmark index jumped as much as 3% in early trade on Wednesday.

Trade climbing to a record high after the country´s stock market was reclassified overnight and included in the MSCI´s emerging market index category.

"In a thinly traded session, the index staged a decent recovery today, after an initial correction of 111.60 points amid thin turnover, partly due to reduced trading hours on account of Friday," Intermarket Securities Ltd said in a statement.

There was a significant decline in market participation, with 105 million shares changing hands compared with 192 million on Thursday.


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

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 - 26 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 2.1 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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