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Category: Stock Exchange Announcements

KSE-100 Index Hits All-Time High Amid IMF Support and SBP Rate Cut

Karachi: The KSE-100 Index reached an all-time high of 82,240 points in September 2024, despite significant foreign portfolio investment (FIPI) selling and rebalancing activities. The index recorded a 3.35% increase for the month, bringing the total ga…

PSX Faces Downward Pressure Amid Foreign Selling, Closing Lower

Karachi: The Pakistan Stock Exchange (PSX) experienced significant pressure, losing over 940 points intraday before closing down 118 points at the 81,114 level. This decline was primarily driven by a wave of foreign selling.According to JS Global, the …

Currency Fluctuations Persist in Pakistan’s Financial Markets

Karachi: The Exchange Companies Association of Pakistan has reported slight changes in the exchange rates for major currencies including the US Dollar, Euro, and British Pound as of the end of September 2024. The local currency saw varied movement agai…