No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
No Result
View All Result
No Result
View All Result

Dollar continues to gain value; KSE-100 index up by 450 points

News Desk by News Desk
June 15, 2022
in Business, Featured, Latest News, National, Top News
Reading Time: 1 min read
Budget deficit may reach record high value of Rs4.3 trillion
Share on FacebookShare on Twitter

KARACHI: During early trade in the interbank market, the dollar gained Rs1.22 in value. The greenback continued an upward trajectory and traded at Rs206.37. In the open market, the dollar fluctuated between Rs207 and Rs208.

As per the economic analysts, the rupee is under pressure because the International Monetary Fund (IMF) is delaying the $6 billion bailout programme. The declining foreign exchange reserves (currently $9.2 billion) have created additional problems.

Meanwhile, the Pakistan Stock Exchange had a good early hour trade as the benchmark KSE-100 index gained over 450 points. The slight increase came after the investors were given confidence that Pakistan would exit the grey list of FATF. By 10:30 am, the index hiked to 41,516 points (an increment of 461 points). Earlier, the PSX had closed at 41,054 points after facing a lukewarm condition for some time.

Related

News Desk

News Desk

Related Posts

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market
Business

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

February 3, 2023
Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department
Latest News

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

February 3, 2023
PSL 8 Schedule
Latest News

PCB introduces season passes for weekday HBL PSL 8 matches

February 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

by Zain Aijaz
February 3, 2023

KARACHI: With each passing day, the Pakistani rupee is losing its value in the currency market. Not only that but...

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

by Zain Aijaz
February 3, 2023

Former captain of the Pakistan men’s national cricket team Mohammad Hafeez, who is called a professor of cricket has now...

PSL 8 Schedule

PCB introduces season passes for weekday HBL PSL 8 matches

by Press Release
February 3, 2023

Tickets will go online on Saturday at 1100 at cricket.bookme.pk; physical tickets to be available during the tournament from box...

New boys on the block: Six young stars to watch out for in HBL PSL 8

New boys on the block: Six young stars to watch out for in HBL PSL 8

by Press Release
February 3, 2023

LAHORE: The HBL Pakistan Super League has served as a launching pad for several talented youngsters over the years as...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8

Copyright © 2022 The Upcut. All rights reserved.