No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

KSE-100 index gains 386 points as rupee appreciates against dollar

Zain Aijaz by Zain Aijaz
August 12, 2022
in Business, Latest News, National, News, Top News
Reading Time: 1 min read
KSE-100 index gains 386 points as rupee appreciates against dollar

KARACHI: On Friday, the KSE-100 index bounced back after experiencing a downward trend for the past five days. By 12:26 PM, the benchmark index had gained 386.33 points (0.91 per cent) and reached 42,629.66 points. During the past week, the stock market was affected by the political turmoil and the increase in power tariffs.

According to Managing Director and CEO of Arif Habib Corporation, Ahsan Mehanti, the index showed progress after the rupee gained value against the dollar and Finance Minister Miftah Ismail announced the news of $1 billion investment from the UAE.

Research Head of Intermarket Securities Raza Jafri said that stocks reversed losses after the green signal from International Monetary Funds (IMF) for the $1.2 billion tranche. He added that the strengthening rupee had also helped the stock market to gain value.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

Related Posts

CBD PUNJAB STRENGTHENS ACADEMIA-INDUSTRY LINKAGES WITH BAHRIA UNIVERSITY STUDENT VISIT
Business

CBD PUNJAB STRENGTHENS ACADEMIA-INDUSTRY LINKAGES WITH BAHRIA UNIVERSITY STUDENT VISIT

June 13, 2025
Zindigi and LDA Launch Plantation Drive to Promote a Greener Future in Lahore.
Business

Zindigi and LDA Launch Plantation Drive to Promote a Greener Future in Lahore.

June 10, 2025
Karandaaz and GrowTech Partner to Empower Smallholder Farmers through AgriTech and Financial Inclusion
Business

Karandaaz and GrowTech Partner to Empower Smallholder Farmers through AgriTech and Financial Inclusion

May 21, 2025

Leave a Reply Cancel reply

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

TOP NEWS

Killed

Young trader killed during robbery bid in Karachi

by News Desk
December 2, 2024

A 22-year-old trader was tragically shot dead during a robbery attempt on New M.A. Jinnah Road on Sunday evening, according...

KSE-100 index lose over 500 points as PSX experiences negative trend

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

by News Desk
December 2, 2024

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Monday as the benchmark KSE-100 index surged 1,248.84 points, or...

PTI suspends Islamabad protest following deadly clashes, appeals for justice

PTI suspends Islamabad protest following deadly clashes, appeals for justice

by News Desk
November 27, 2024

The Pakistan Tehreek-e-Insaf (PTI) announced the suspension of its Islamabad sit-in early Wednesday after a day of intense clashes in...

PSX in boorish trend for second consecutive day; benchmark KSE-100 index lost over 700 points

KSE-100 Index surges over 600 points amid banking sector rally

by News Desk
November 25, 2024

Bullish sentiment dominated the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index climbed 621.85 points, or 0.64 per...

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
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version