06-17-2024, 03:09 PM
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KARACHI:Investors kept up the new fiscal year buying spree, pushing the index up in anticipation of a fresh International Monetary Fund-backed b yeezys slide ailout programme. The new fina yeezy slide ncial year has also brought with it a refreshing surge in investor activity, as trade vo air max97 lumes once again soared to nearly 250 million shares.The Karachi Stock Exchange s (KSE) benchmark 100-share index climbed 1.32% or 281.01 points to end at the 21,644.17 points level. Trade volumes shot to 245.28 million shares, compared with Monday s tally of 155 million shares. The value of shares traded during the day was Rs10.3 billion. Equities carried on the positive momentum, as lagging fertilisers finally played a constructive role in pushing the KSE-100 Index to close above 21,500 points. Gains in the sector [...] were on news of an increase in urea prices, while cements also closed up as international coal prices test new lows, reported Faisal Bilwani, analyst at Elixir Securities. Broader market activity picked up, wi KARACHI:The rupee strengthened against the dollar at Rs159.98 in the inter-bank market on Thursday compared with Wednesday s close of Rs160.36, according to the Sta nb 530 te Bank of Pakistan (SBP).Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF for a loan programme on May 12, 2019.The IMF h nike air max damen as asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies. Also, the World Bank, which finances some of the infrastructure and social safety net projects in Pakistan, has supported the idea of leaving the rupee free from state control in a bid to give much-needed boost to exports and fix a faltering economy.Cumulatively, the rupee has depreciated almost 49% since December 2017, according to the central bank. E nike air max97 arlier, the central bank said it will continue to closely monitor the situation and stands ready to intervene in case o
KARACHI:Investors kept up the new fiscal year buying spree, pushing the index up in anticipation of a fresh International Monetary Fund-backed b yeezys slide ailout programme. The new fina yeezy slide ncial year has also brought with it a refreshing surge in investor activity, as trade vo air max97 lumes once again soared to nearly 250 million shares.The Karachi Stock Exchange s (KSE) benchmark 100-share index climbed 1.32% or 281.01 points to end at the 21,644.17 points level. Trade volumes shot to 245.28 million shares, compared with Monday s tally of 155 million shares. The value of shares traded during the day was Rs10.3 billion. Equities carried on the positive momentum, as lagging fertilisers finally played a constructive role in pushing the KSE-100 Index to close above 21,500 points. Gains in the sector [...] were on news of an increase in urea prices, while cements also closed up as international coal prices test new lows, reported Faisal Bilwani, analyst at Elixir Securities. Broader market activity picked up, wi KARACHI:The rupee strengthened against the dollar at Rs159.98 in the inter-bank market on Thursday compared with Wednesday s close of Rs160.36, according to the Sta nb 530 te Bank of Pakistan (SBP).Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF for a loan programme on May 12, 2019.The IMF h nike air max damen as asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies. Also, the World Bank, which finances some of the infrastructure and social safety net projects in Pakistan, has supported the idea of leaving the rupee free from state control in a bid to give much-needed boost to exports and fix a faltering economy.Cumulatively, the rupee has depreciated almost 49% since December 2017, according to the central bank. E nike air max97 arlier, the central bank said it will continue to closely monitor the situation and stands ready to intervene in case o
