Pakistan Stock Exchange makes comeback as KSE 100 crosses 62,000 mark

10:12 AM | 28 Dec, 2023

Source: File Photo

KARACHI – Pakistan Stock Exchange (PSX) makes comeback, days after correction as positive cues provided confidence to local investors and they continue buying stocks.

The positive traction in the money market advanced for the second day and the benchmark KSE-100 Index soared 1.50pc on Thursday, and market is expected to end the year on a high note.

On Wednesday, KSE-100 closed at 60, 863, and on Thursday, the KSE-100 index, gained 1,271 points to cross 62,000 mark.

Experts suggest that money market comes forward amid fears related to political instability.

Meanwhile, Asian shares climbed 5-month highs as market wagers on ever-more aggressive rate cuts extended a huge rally in US stocks and bonds.

Bloodbath at PSX as KSE-100 records highest-ever decline by 2,534 points

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 17 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.05 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 17 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency	Symbol	Buying	Selling
US Dollar	‎USD	277.25	280.05
Euro	EUR	296.25	299
UK Pound Sterling	GBP	344.5	348
U.A.E Dirham	AED	75.15	75.9
Saudi Riyal	SAR	73.50	74.2
Australian Dollar	AUD	180.5	182.2
Bahrain Dinar	BHD	739.77	747.77
Canadian Dollar	CAD	203	205
China Yuan	CNY	38.49	38.89
Danish Krone	DKK	40.25	40.65
Hong Kong Dollar	HKD	35.61	35.96
Indian Rupee	INR	3.33	3.44
Japanese Yen	JPY	1.91	1.99
Kuwaiti Dinar	KWD	904.28	913.28
Malaysian Ringgit	MYR	58.69	59.29
New Zealand Dollar	NZD	167.45	169.45
Norwegians Krone	NOK	25.67	25.95
Omani Riyal	OMR	722.59	730.59
Qatari Riyal	‎QAR	76.41	77.11
Singapore Dollar	SGD	203	205
Swedish Korona	SEK	25.67	25.97
Swiss Franc	CHF	306.51	309.01
Thai Bhat	THB	7.57	7.72

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