KARACHI – Following the rupee’s devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) continued to rally on Thursday, crossing the key 40,000 points mark.
As of 2:39pm, the benchmark KSE-100 index gained by 1,150 points with the market at 40,935 points.
Speaking on the development, Arif Habib Corporation’s Ahsan Mehanti said, “Stocks showed strong recovery in the earnings season on institutional interest in scrips across the board after the government’s decision to make tough decisions to seek IMF (International Monetary Fund) programme revival.”
He said that investor speculation over likely help from the United States to revive the programme as well as financial support from the United Arab Emirates and Saudi Arabia played a catalyst role in the bullish activity.
Abbas added that the mini-budget is also expected within the next eight to 10 days, the tariffs of gas and electricity might also witness an increase and more taxes would be imposed — also the global money lender's conditions.
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 24, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||343.5||347|
|Hong Kong Dollar||HKD||35.92||36.27|
|New Zealand Dollar||NZD||176.66||178.66|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,500 on Friday. The price of 10 grams of 24k gold was recorded at Rs174,730.
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 190,880.
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 205,500||PKR 2,350|
|Karachi||PKR 205,500||PKR 2,350|
|Islamabad||PKR 205,500||PKR 2,350|
|Peshawar||PKR 205,500||PKR 2,350|
|Quetta||PKR 205,500||PKR 2,350|
|Sialkot||PKR 205,500||PKR 2,350|
|Attock||PKR 205,500||PKR 2,350|
|Gujranwala||PKR 205,500||PKR 2,350|
|Jehlum||PKR 205,500||PKR 2,350|
|Multan||PKR 205,500||PKR 2,350|
|Bahawalpur||PKR 205,500||PKR 2,350|
|Gujrat||PKR 205,500||PKR 2,350|
|Nawabshah||PKR 205,500||PKR 2,350|
|Chakwal||PKR 205,500||PKR 2,350|
|Hyderabad||PKR 205,500||PKR 2,350|
|Nowshehra||PKR 205,500||PKR 2,350|
|Sargodha||PKR 205,500||PKR 2,350|
|Faisalabad||PKR 205,500||PKR 2,350|
|Mirpur||PKR 205,500||PKR 2,350|
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