Gold Hits Record Rs376,700 as Global Rally and Fed Speculation Drive Demand
Gold prices in Pakistan soared to a record Rs376,700 per tola as global demand strengthened on expectations of a US Federal Reserve rate cut. With spot gold hitting new highs internationally and Pakistan’s rupee extending its gains, the financial landscape highlights the impact of global uncertainties and domestic monetary policy.
KSE-100 Index Falls 380 Points as Profit-Taking and Global Market Uncertainty Hit PSX
The KSE-100 Index at the Pakistan Stock Exchange dropped 380 points as profit-taking and global market uncertainty weighed on investor sentiment. The rupee, however, continued its upward streak against the US dollar.
Banking and Fertiliser Sectors Drive Gains as PSX Closes Higher Amid Volatile Session
The Pakistan Stock Exchange closed higher with the KSE-100 index gaining 258 points, led by strength in banking and fertiliser sectors. Despite the positive finish, trading volumes declined as investor sentiment remained cautious amid sectoral divergence and macroeconomic uncertainties.
Pakistani Rupee Gains Ground as State Bank Relaxes Export Rules
The Pakistani rupee strengthened to PKR 282.22 against the US dollar after the State Bank of Pakistan removed a key restriction on exporters, boosted by strong remittances but tempered by rising imports.
PKR Faces Renewed Pressure as SBP Balances Market Sentiment and Currency Stability
The Pakistani Rupee continues to face depreciation pressures amid rising import costs and mixed market sentiment, while the State Bank of Pakistan cautiously manages the balance between intervention and free market forces.