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PSX hits to all-time high above 80,000 as bulls dominate trading floor

10:16 AM | 21 Jun, 2024
PSX hits to all-time high above 80,000 as bulls dominate trading floor
Source: File Photo

KARACHI – The Pakistan Stock Exchange (PSX) maintained its record-breaking spree as the benchmark KSE 100 index soared to an all-time high above 80,000 during intraday trading on Friday.

The spectacular rally comes despite growing concerns over the proposed budgetary taxation measures for the fiscal year 2024-25.

The KSE-100 gained over 1,200 points to cross the 80,000 mark as it closed at 78,801 a day earlier when it also registered bullish trend.

Experts link the buying spree with the government's move to finalise a deal with the International Monetary Fund (IMF) after Budget 2024-25 announcement.

This years' budget was aimed to meet fiscal targets to bolster the case for a new IMF bailout deal.

Recent statements from rating agencies Fitch and Moody’s also pushed market rally.

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US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65



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