PSX crosses 58,000 milestone amid improved economic indicators

12:52 PM | 22 Nov, 2023
PSX crosses 58,000 milestone amid improved economic indicators
Source: File Photo

KARACHI – Pakistan Stock Exchange (PSX) marked another historic day on Wednesday as benchmark KSE-100 Index touched 58,000 level for the first time in history.

After back to back gains, KSE-100 index moved up by 732.53 points to reach 58,104 in light of improved market sentiments after successful completion of the first review of the International Monetary Fund (IMF) staff-level agreement.

During the trading, automobile assemblers, cement, chemical, commercial banks, fertilizer, oil and gas exploration companies and OMCs saw huge buying.

Sui Southern Gas Company Limited (SSGC), UNITY, and Fauji Foods Limited (FFL), remained among top performers. 

Recent weeks witnessed a massive surge in the KSE-100, and the local currency gained by against the dollar in the interbank market.

Experts suggest ample domestic liquidity in the market, and it fueling the positive sentiment in the money market.

Daily Pakistan Global Web Desk


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter