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Rupee depreciates around 1%


Rupee depreciates around 1%
KARACHI:
Pakistani currency depreciated Rs1.54, or 0.95%, and closed at a nine-month low of Rs161.48 against the US dollar in the inter-bank market on Monday apparently due to increase in the outflow of foreign currency on account of a significant rise in imports.
The currency had last closed above that level at Rs161.82 on October 22, 2020.
The rupee came under pressure the same day when the State Bank of Pakistan (SBP) announced that the current account balance had turned into a deficit of $1.6 billion in June - the highest since December 2018.
The spike in the deficit, which was reported after the close of inter-bank market, still impacted the rupee-dollar exchange rate. ....

Khurram Schehzad , Development Samiullah Tariq , Pakistan Kuwait Investment Company Head Of Research , State Bank , Kuwait Investment Company Head , Alpha Beta Core , வளர்ச்சி சாமிிுள்லாஹ் தாரிக் , பாக்கிஸ்தான் குவைத் முதலீடு நிறுவனம் தலை ஆஃப் ஆராய்ச்சி , நிலை வங்கி , குவைத் முதலீடு நிறுவனம் தலை , ஆல்பா பீட்டா கோர் ,

Market watch: PSX shoots to over 2.5-year high


Market watch: PSX shoots to over 2.5-year high
Benchmark KSE-100 index soars 502.99 points to settle at 45,153.42
PHOTO: ONLINE
KARACHI:
The stock market achieved a major milestone as the benchmark KSE-100 index surged over 500 points and powered past the 45,000-point barrier for the first time since May 2018.
The market was buoyed by strong investors’ interest, which lifted trading volumes to 664.5 million shares. Bulls reigned supreme and stock investors welcomed the government’s decision on partial settlement of circular debt with the independent power producers (IPPs).
The rise was also attributed to upbeat data of petroleum product sales which rose in double digits. Oil sales were up 16% to 1.59 million tons in December 2020 compared to 1.37 million tons in the same month of 2019. ....

Kot Addu , Saad Hashemy , Morgan Stanley Capital International , Byco Petroleum , Development Samiullah Tariq , Kuwait Investment Company Head Of Research , National Clearing Company Of Pakistan , Arif Habib , Kot Addu Power Company , State Bank , Kuwait Investment Company Head , Express Tribune , Executive Director Saad Hashemy , Emerging Markets , Habib Limited , Pak Refinery , National Clearing Company , மோர்கன் ஸ்டான்லி மூலதனம் சர்வதேச , பயகா பெட்ரோலியம் , வளர்ச்சி சாமிிுள்லாஹ் தாரிக் , குவைத் முதலீடு நிறுவனம் தலை ஆஃப் ஆராய்ச்சி , தேசிய அழித்தல் நிறுவனம் ஆஃப் பாக்கிஸ்தான் , ஆரிப் ஹபீப் , நிலை வங்கி , குவைத் முதலீடு நிறுவனம் தலை , எக்ஸ்பிரஸ் ட்ரிப்யூன் ,