PSX soars to record 76,208 points as investors cheer steady CGT

A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan’s stock market on Thursday surged to its highest level on record, marking its biggest single-day gain in nearly a year a day after the government, beating the market buzz, kept Capital Gains Tax (CGT) rate […]

BRICS: US dollar suffers massive blow as India-Russia local trade reaches record high

BRICS trade hits new record as US Dollar takes big hit. — Global Finance Magazine/File The United States dollar suffers yet another blow as the BRICS countries’ unilateral trade has reached a record high. According to the Emirates News Agency, economic exchanges between two of the most well-known countries in the bloc have surpassed $50 […]

Pakistan’s debt soars to record Rs81tr | The Express Tribune

ISLAMABAD: Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new sources of financing to meet its growing debt servicing needs due to junk credit ratings. According to the State Bank of Pakistan (SBP), Pakistan’s total […]

PSX continues record breaking streak, crosses 75,000 points | The Express Tribune

KARACHI: The Pakistan Stock Exchange (PSX) surpassed the 75,000 points mark for the first time on Wednesday after the global index provider MSCI upgraded PSX’s status with the addition of one new company to its mainstream Frontier Market Index. The benchmark KSE-100 Index hit a new record high at 75,115 points, adding 0.78% or 584 […]

Pakistan stocks hit record high just shy of 74,000 points

Pakistani traders stand beneath an electronic board displaying share prices at the Pakistani Stock Exchange (PSX). — INP/File  KARACHI: Stocks on Monday briefly breached 74,000 points barrier amid reports Pakistan may sign a deal with International Monetary Fund (IMF) for a new four-year programme of up to $8 billion by end-July, traders said, but managed […]

PSX takes a breather after touching record | The Express Tribune

KARACHI: Pakistan Stock Exchange (PSX), after shooting up to record highs, experienced some correction during the outgoing week as investors resorted to profit-booking, primarily due to the State Bank of Pakistan (SBP)’s decision to leave its policy rate on hold for the next six weeks. Investors, analysts, businessmen and market players had been expecting for […]

PSX eclipses record on Saudi pledge | The Express Tribune

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday achieved another milestone as it breached the 70,000 barrier and rose to a new record high in the backdrop of favourable data of remittances that soared 16.4% year-on-year (YoY) to $2.95 billion in March 2024. Initially, trading began at the intra-day low of 69,857.14 points but the KSE-100 […]

Stocks climb to new record above 68k | The Express Tribune

KARACHI: Pakistan Stock Exchange (PSX) on Thursday continued its record-setting rally as it surged above 68,000 points over investors’ growing interest in pharmaceutical stocks following court’s verdict in favour of the industry, and a robust corporate earnings outlook. While continuing the previous day’s bullish momentum, the trading session began with a spike. However, the KSE-100 […]

Gold hits record high amid global turbulence | The Express Tribune

KARACHI: Gold reached a new all-time high at Rs241,100 per tola (11.66 grams) in Pakistan on Thursday, marking a historic moment in line with the global record-breaking trend. Meanwhile, the rupee remained stable near its recent five-and-a-half-month high at Rs277.83 against the US dollar in the interbank market throughout the day. In the global market, […]

Cement sector sends PSX to record | The Express Tribune

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a new record high as it crossed the 67,700-point barrier with a surge of more than 850 points on the back of investor enthusiasm about the potential policy rate cut and strong cement sales. The stock market followed an upward trajectory right after the commencement of […]

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