Author: Faisal Shahnawaz

  • Weekly Review: stocks may move positive on FATF decision

    Weekly Review: stocks may move positive on FATF decision

    Karachi: Analysts at Arif Habib Limited have forecasted a positive trajectory for the stocks in the upcoming week, driven by expectations surrounding the Financial Action Task Force (FATF) decision regarding Pakistan’s anticipated exit from the grey list.

    (more…)
  • Ripple to PKR, USD on October 15, 2022

    Ripple to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs106.43 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs106.59 at closing on October 14, 2022.

    The rate of Ripple in US Dollar (USD) is $0.49 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.49 at closing on October 14, 2022.

    READ MORE: Ripple to PKR, USD on October 14, 2022

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    Bitcoin to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,192,170.96 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,182,158.22 at closing on October 14, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,208.11 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,162.24 at closing on October 14, 2022.

    READ MORE: Bitcoin to PKR, USD on October 14, 2022

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    Dogecoin to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Dogecoin to PKR is Rs12.84 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs12.76 at closing on October 14, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on October 14, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 13, 2022.

    READ MORE: Dogecoin to PKR, USD on October 14, 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 October 15, 2022

    Dogecoin to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Dogecoin to PKR is Rs12.84 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs12.76 at closing on October 14, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on October 14, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 13, 2022.

    READ MORE: Dogecoin to PKR, USD on October 14, 2022

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    Ripple to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs106.43 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs106.59 at closing on October 14, 2022.

    The rate of Ripple in US Dollar (USD) is $0.49 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.49 at closing on October 14, 2022.

    READ MORE: Ripple to PKR, USD on October 14, 2022

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    Bitcoin to PKR, USD on October 15, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 15, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,192,170.96 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,182,158.22 at closing on October 14, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,208.11 on October 15, 2022 at 10:05 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,162.24 at closing on October 14, 2022.

    READ MORE: Bitcoin to PKR, USD on October 14, 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.

  • Stocks end down by 137 points in mixed trading session

    Stocks end down by 137 points in mixed trading session

    KARACHI: Pakistan stocks ended down 137 points on Friday in a mixed trading session during the day.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,949 points from previous day’s closing of 42,086 points, showing a decline of 137 points.

    READ MORE: Stocks gain 79 points in range bound session

    Analysts at Arif Habib Limited said that the benchmark KSE-100 index opened in a positive note but could not sustain due to lack of participation and led the index to trade in the red zone during the first trading session.

    However in the second session market traded in narrow range, main board volumes stayed dull whereas healthy volumes were observed in the 3rd tier stocks.

    READ MORE: Pakistan stocks fall 148 points in lackluster trading

    Sectors contributing to the performance include Technology (-70.5 points), Tobacco (-19.1 points), Refinery (-9.0 points), Commercial Banks (-6.8 points) and Investment Banks (-6.5 points).

    READ MORE: Pakistan stocks end down on profit taking

    Volumes increased from 222.2 million shares to 328.7 million shares (47.9 per cent DoD). The average traded value decreased by -0.6 per cent to USD 44.0 million as against USD 44.3 million.

    Stocks that contributed significantly to the volumes are WTL, TRG, GTECH, GGL and GTECHHBR.

    READ MORE: Stocks gain 126 points on positive sentiments

  • Karachi Interbank Offered Rates KIBOR – October 14, 2022

    Karachi Interbank Offered Rates KIBOR – October 14, 2022

    KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on October 14, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week14.9515.45
    2 – Week14.9915.49
    1 – Month15.0415.54
    3 – Month15.4515.70
    6 – Month15.5015.75
    9 – Month15.5116.01
    1 – Year15.5516.05

    READ MORE: Karachi Interbank Offered Rates KIBOR – October 13, 2022

  • PKR falls against dollar on depleting forex reserves

    PKR falls against dollar on depleting forex reserves

    KARACHI: Pakistani Rupee (PKR) on Friday weakened by five paisas against the dollar on Friday owing to falling foreign exchange reserves.

    The exchange rate ended PKR 218.43 to the dollar from previous day’s closing of PKR 218.37 in the interbank foreign exchange market.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the PKR.

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    READ MORE: Dollar ends 13-day losing streak; ends at PKR 217.88

    Currency experts said that the rising dollar demand was due to falling foreign exchange reserves and increasing import payments.

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 2022.

    READ MORE: PKR maintains winning streak to dollar for 13th straight session

    The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.981 billion.

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

    READ MORE: Rupee gains for 12th straight session; dollar ends at PKR 217.97

  • State Bank’s foreign exchange rates – October 14, 2022

    State Bank’s foreign exchange rates – October 14, 2022

    The State Bank of Pakistan (SBP) has released the foreign exchange rates for October 14, 2022, providing an insight into the buying and selling rates of various foreign currencies against the Pakistan Rupee (PKR).

    (more…)
  • Dollar climbs up to PKR 219.38 in early interbank trading

    Dollar climbs up to PKR 219.38 in early interbank trading

    KARACHI: The US dollar climbed up against the Pakistani Rupee (PKR) to reach PKR 219.38 in early day trading at interbank foreign exchange market on Friday.

    The foreign currency gained PKR 1 to trade at PKR 219.38 from previous day’s closing of PKR 218.38 in interbank foreign exchange market.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the PKR.

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    READ MORE: Dollar ends 13-day losing streak; ends at PKR 217.88

    Currency experts said that the rising dollar demand was due to falling foreign exchange reserves and increasing import payments.

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 2022.

    READ MORE: PKR maintains winning streak to dollar for 13th straight session

    The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.981 billion.

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

    READ MORE: Rupee gains for 12th straight session; dollar ends at PKR 217.97

  • Bitcoin to PKR, USD on October 14, 2022

    Bitcoin to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,286,443.87 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,244,786.29 at closing on October 13, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,705.24 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,432.84 at closing on October 13, 2022.

    READ MORE: Bitcoin to PKR, USD on October 13, 2022

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    Dogecoin to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Dogecoin to PKR is Rs13.22 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.10 at closing on October 13, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 13, 2022.

    READ MORE: Dogecoin to PKR, USD on October 13, 2022

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    Ripple to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs109.27 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs106.15 at closing on October 13, 2022.

    The rate of Ripple in US Dollar (USD) is $0.50 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.49 at closing on October 13, 2022.

    READ MORE: Ripple to PKR, USD on October 13, 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 October 14, 2022

    Ripple to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs109.27 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs106.15 at closing on October 13, 2022.

    The rate of Ripple in US Dollar (USD) is $0.50 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.49 at closing on October 13, 2022.

    READ MORE: Ripple to PKR, USD on October 13, 2022

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    Bitcoin to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,286,443.87 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,244,786.29 at closing on October 13, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,705.24 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,432.84 at closing on October 13, 2022.

    READ MORE: Bitcoin to PKR, USD on October 13, 2022

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    Dogecoin to PKR, USD on October 14, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 14, 2022.

    One Dogecoin to PKR is Rs13.22 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.10 at closing on October 13, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on October 14, 2022 at 09:45 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 13, 2022.

    READ MORE: Dogecoin to PKR, USD on October 13, 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.