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Gold extends losses on rupee strength, traders watchful of positive cues

Gold extends losses on rupee strength, traders watchful of positive cues

Gold price settles at Rs143,100 per tola.Cumulatively, gold loses Rs1,950 per tola in last two sessions.Silver prices in domestic market…
Bulls dominate, KSE-100 gains over 80 points

Bulls dominate, KSE-100 gains over 80 points

KSE-100 index closes at 41,211.70 points with a rise of 0.20%.Uptrend fuelled by continuous appreciation of rupee against dollar.Shares of…
PKR continues winning streak against dollar

PKR continues winning streak against dollar

Rupee gains 1.16 against greenback in interbank market.Local currency closes at Rs227.29 against greenback.Economists agree rupee will extend its rise…
Pound slumps to all-time low against dollar

Pound slumps to all-time low against dollar

Sterling tumbles to record trough as traders scamper for exits.Pound’s drop helps dollar to new two-decade peak against major peers.Sterling…
Rupee opens week’s trading on positive note, registers gain against dollar

Rupee opens week’s trading on positive note, registers gain against dollar

Pakistan rupee closes at 237.02 after gaining 2.63.Local unit gains after successive losses last week.Increase comes after announcement of Ishaq…
Rupee’s downward spiral continues unabated, breaches 245 threshold in open market

Rupee’s downward spiral continues unabated, breaches 245 threshold in open market

Rupee has lost over 8.27% in last twelve sessions.Local unit closes at 237.91 in interbank market.Analysts believe rupee is unlikely to…
Rupee continues losing streak against dollar

Rupee continues losing streak against dollar

Massive devastation caused by floods worsens country’s economic crisis.Rupee loses Rs1.64 against the US dollar in interbank market.Rupee likely to…
UK economy shrank record 11% in 2020, worst since 1709

UK economy shrank record 11% in 2020, worst since 1709

UK recorded its biggest fall in output in more than 300 years in 2020.Gross domestic product fell by 11.0% in…
Monetary policy: SBP maintains status quo, holds interest rate at 15%

Monetary policy: SBP maintains status quo, holds interest rate at 15%

SBP hints at tightening policy rate in next meeting scheduled to be held on October 10.Central bank had cumulatively increased…
Gold price plummets by Rs4,300 per tola in Pakistan

Gold price plummets by Rs4,300 per tola in Pakistan

Gold price settles at Rs134,200 per tola.Price has declined by Rs9,300 per tola since August 10.Gold is cheaper by Rs7,500…
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