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PSX wins Best Islamic Stock Exchange Award 2023 – third in a row!

03:31 PM | 19 Sep, 2023
PSX wins Best Islamic Stock Exchange Award 2023 – third in a row!
Source: File Photo

KARACHI – Pakistan Stock Exchange (PSX) has been awarded the Best Islamic Stock Exchange Award 2023 by Global Islamic Finance Awards (GIFA).

This is the third consecutive year in which PSX is being awarded this prestigious accolade.

GIFA is an internationally acclaimed platform recognizing excellence in banking and finance in the Islamic world. Since 2011, the Awards have been presented to individuals, institutions and government departments across the world who have shown outstanding performance in promoting Islamic banking & finance and for commitment to social responsibility.

Speaking at the occasion, PSX MD & CEO, Farrukh H. Khan, stated: “Pakistan Stock Exchange is very proud to have been presented the Global Islamic Finance Award for the third consecutive year by Global Islamic Finance Awards. We are honoured by GIFA for recognising us for our commitment to providing excellence in Islamic finance products, offerings and regulatory enhancements.”

He further stated, “Pakistan Stock Exchange is a robust and strong platform for Shariah compliant products and capital raising. With an aggregate of 251 Shariah compliant companies listed on PSX capturing more than 65 percent of the total market cap, PSX provides an excellent platform for investors to channelise their funds into Islamic financial offerings and for financial institutions to create and bring new products, whether Sukuks, Shariah-compliant mutual funds, modarabas, ETFs and others to help corporates and GoP raise funds from the capital markets”.

 He thanked GIFA for bestowing the PSX with this award. It is with the support and able guidance of the SECP, the PSX board and the management team that it has achieved this distinctive accolade.

Daily Pakistan Global Web Desk

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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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