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Author: Faisal Shahnawaz

  • Stocks end positive 45 points despite profit taking

    Stocks end positive 45 points despite profit taking

    KARACHI: Pakistan stocks ended positive by 45 points on Thursday despite profit taking observed in last hours of day trading.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,393 points from previous day’s closing of 42,348 points, showing an increase of 45 points.

    READ MORE: Pakistan stocks end flat in low volumes

    Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX during the day continuing the acclamatory momentum from the previous close.

    An increase in OMC margins facilitated the market participation on the higher side.

    READ MORE: Stocks gain 302 points on AIIB inflows

    The market opened in positive territory and made an intraday high of 310 points as investors elected for value angling in the main board.

    Healthy volumes were recorded across the board, whereas 3rd tier stocks remained volume leaders.

    READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

    Sectors contributing to the performance include Commercial Banks (+73.5 points), Miscellaneous (+25.7 points), Power Generation & Distribution (+19.8 points), Oil & Gas Marketing Companies (+10.6 points), Fertilizer (+5.6 points).

    READ MORE: Weekly Review: investors may react to surprise policy rate hike

    Volumes increased from 120.2 million shares to 161.8 million shares (+34.6 per cent DoD). The average traded value also increased by 0.8 per cent to USD 21.0 million as against USD 20.8 million.

    Stocks that contributed significantly to the volumes are WTL, HASCOL, GCIL, NCPL, HBL & GGL.

  • PKR remains resilient against dollar, makes 26 paisas gain

    PKR remains resilient against dollar, makes 26 paisas gain

    KARACHI: Pakistani Rupee (PKR) remained resilient against the US dollar on Thursday and recovered 26 paisas in interbank foreign exchange market.

    (more…)
  • State Bank issues foreign exchange rates on December 01, 2022

    State Bank issues foreign exchange rates on December 01, 2022

    Karachi, December 01, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for today, providing insights into the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).

    (more…)
  • Bitcoin to PKR, USD on December 01, 2022

    Bitcoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,847,029.56 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,860,653.95 at closing on November 30, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,142.24 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,202.95 at closing on November 30, 2022.

    READ MORE: Bitcoin to PKR, USD on November 30, 2022

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    Dogecoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Dogecoin to PKR is Rs18.33 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 30, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 30, 2022.

    READ MORE: Dogecoin to PKR, USD on November 30, 2022

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    Ripple to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.08 at closing on November 30, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 30, 2022.

    READ MORE: Ripple to PKR, USD on November 30, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Ripple to PKR, USD on December 01, 2022

    Ripple to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.08 at closing on November 30, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 30, 2022.

    READ MORE: Ripple to PKR, USD on November 30, 2022

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    Bitcoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,847,029.56 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,860,653.95 at closing on November 30, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,142.24 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,202.95 at closing on November 30, 2022.

    READ MORE: Bitcoin to PKR, USD on November 30, 2022

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    Dogecoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Dogecoin to PKR is Rs18.33 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 30, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 30, 2022.

    READ MORE: Dogecoin to PKR, USD on November 30, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Dogecoin to PKR, USD on December 01, 2022

    Dogecoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Dogecoin to PKR is Rs18.33 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 30, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 30, 2022.

    READ MORE: Dogecoin to PKR, USD on November 30, 2022

    —————————————————————————–

    Ripple to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.08 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.08 at closing on November 30, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 30, 2022.

    READ MORE: Ripple to PKR, USD on November 30, 2022

    —————————————————————————

    Bitcoin to PKR, USD on December 01, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 01, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,847,029.56 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,860,653.95 at closing on November 30, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,142.24 on December 01, 2022 at 10:45 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,202.95 at closing on November 30, 2022.

    READ MORE: Bitcoin to PKR, USD on November 30, 2022

    —————————————————————————

    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Last date extended up to Dec 31 for exchanging old designed banknotes

    Last date extended up to Dec 31 for exchanging old designed banknotes

    KARACHI: State Bank of Pakistan (SBP) has said that the last date has been extended up to December 31, 2022 for exchanging old designed banknotes.

    The central bank said that the last date to exchange old designed large size banknotes of Rs 10, 50, 100 and 1000 is December 31, 2022.

    These old design banknotes can now be exchanged from the counters of SBP BSC offices across the country till December 31, 2022.

    READ MORE: SBP withdraws NADRA Verisys for activation of dormant bank accounts

    State Bank is the sole issuer of banknotes in the country ensuring adequate supply of good quality banknotes across the country is amongst its key strategic goals.

    SBP collects soiled and unfit banknotes from the market and replaces them with fresh banknotes. Like other central banks, SBP issues new series of banknotes from time to time and demonetizes the earlier series with the approval of Federal Government. Further, the approval for demonetization of banknotes is granted by Federal Cabinet on the recommendations of SBP Board in terms of section 25(2) of SBP Act, 1956.

    READ MORE: Pakistan rebuts reports of stopping payments to Google

    The issuance of new series and demonetization of the old design banknotes helps central banks in checking counterfeiting and ensuring the integrity of banknotes in circulation.

    The new series of banknotes was issued from 2005 to 2008 and the old design banknotes have been slowly phased out from circulation. The Federal Government has therefore decided to demonetize old design banknotes of Rs 10, 50, 100 and 1000. These notes have ceased to be Legal Tender effective from 1st December 2016.

    READ MORE: Pakistan repays $1.8 billion in November 2022: SBP

    The Old Design Banknotes of Rs. 10, 50, 100 and 1000 are exchangeable from the offices of the SBP Banking Services Corporations up till December 31, 2022.

    These banknotes are exchangeable from SBP BSC Offices located at Karachi, Lahore, Peshawar, Quetta, Islamabad, Rawalpindi, Faisalabad, Multan, Gujranwala, Hyderabad, Sialkot, Sukkur, Bahawalpur, Muzaffarabad and D. I. Khan

    READ MORE: State Bank stuns market with massive policy rate hike

  • Karachi Interbank Offered Rates KIBOR – November 30, 2022

    Karachi Interbank Offered Rates KIBOR – November 30, 2022

    KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on November 30, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week15.9116.41
    2 – Week15.9616.46
    1 – Month16.1116.61
    3 – Month16.6716.92
    6 – Month16.7016.95
    9 – Month16.7017.20
    1 – Year16.7117.21

    READ MORE: Karachi Interbank Offered Rates KIBOR – November 29, 2022

  • Pakistan stocks end flat in low volumes

    Pakistan stocks end flat in low volumes

    KARACHI: Pakistan stocks ended flat on Wednesday as the market witnessed low volumes during the day.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,349 points from previous day’s closing of 42,374 points, showing a decline of 25 points.

    READ MORE: Stocks gain 302 points on AIIB inflows

    Analysts at Arif Habib Limited said that the PSX witnessed a range-bound session during the day.

    The market opened in the green zone but the lack of investors’ participation dive the index down into the red zone and continued to trade in the same zone for most of the trading session.

    READ MORE: Pakistan stocks nosedive by 865 points to react policy rate hike

    Market participation was approximately lower than the previous session as volumes remained dry in the main board however, decent volumes were recorded in the 3rd tier

    Sectors contributing to the performance include Commercial Banks (-79.9 points), Technology and Communication (-17.3 points), Power Generation and Distribution (-18.2 points), Chemical(-8.2 points), Automobile Assembler (-6.9 points).

    READ MORE: Weekly Review: investors may react to surprise policy rate hike

    Volumes decreased from 139.2 million shares to 120.2 million shares (-13.7 per cent DoD). The average traded value also decreased by 7.9 per cent to USD 20.80 million as against USD 22.58 million.

    Stocks that contributed significantly to the volumes are WTL, NCP, DFML, KEL, TRG, GCI, & PIBTL.

    READ MORE: Stocks trade in narrow range on last day of week

  • State Bank issues foreign exchange rates on November 30, 2022

    State Bank issues foreign exchange rates on November 30, 2022

    Karachi, November 30, 2022 – The State Bank of Pakistan (SBP) has published the foreign exchange rates for today, offering a glimpse into the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).

    (more…)