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The stock market momentum on economic confidence surged on Wednesday as the KSE-100 Index rebounded significantly, climbing 2,108.41 points (1.94%) to reach an intraday high of 111,005.06. This strong recovery followed a steep decline of over 1,000 points in the previous session. Investors were motivated by robust macroeconomic indicators and heightened expectations of monetary easing…
Gold prices dropped by Rs1,700 in Pakistan, settling at Rs274,500 per tola on Monday. This decline continues a recent trend in both local and international markets. On Friday, the gold price per tola had fallen by Rs1,100. Globally, gold prices dropped $17 to $2,633 per ounce, influenced by stronger US dollar performance. The rising dollar…
Pakistan’s stock market has been on an unprecedented rise in recent months, with the KSE-100 Index crossing the historic 100,000-point mark on October 28, 2024. This “golden day” in the history of the Pakistan Stock Exchange (PSX) has sparked debate, with the government attributing the surge to effective economic policies, while critics label it as…