Pakistan’s stock market, PSX, continued to decline today, with the 100 Index falling to 1,51,528 points. The index had closed at 1,58,313 points the previous day. The market saw a low of 1,51,457 and a high of 1,53,660 points during the trading session.
The market witnessed a significant drop in the first session, with 19 billion shares being traded at a value of 13 trillion rupees. The price of gold increased in Pakistan’s currency markets today, and a new price of 433.40 rupees per liter for petrol was announced. A notification was issued in this regard.
Following a directive from the Prime Minister, the scope of the Roshan Digital Account has been expanded. The Karachi Port has become a focal point due to the crisis in the Middle East, with the port handling more containers than the entire last year in just 24 days of the current month.
The global market saw a decrease in the price of gold, with the price falling by 10 dollars to 4445 dollars per ounce. A federal arts commission approved the final design of 24-karat gold commemorative coins featuring a portrait of the former US President, Donald Trump. Marketing companies and distributors are also contributing to the price increase, said Convener LPGE Committee, Ali Haider.
However, following an increase in gold prices in Pakistan’s currency markets, the prices have decreased again. Experts believe that the tension in the Middle East and the situation in the Strait of Hormuz are affecting the global energy market.
The government has allowed non-resident Pakistanis, as well as foreign legal entities, to open Roshan Digital Accounts. The President of the All Pakistan Small Traders and Cottage Industries Association, Mahmood Hamid, has demanded that the price of petrol not be increased.
The Ministry of Finance has taken a significant step to protect the public from the effect of an increase in the prices of petroleum products. China’s major shipping company, Cosco, has resumed new bookings for shipments from some Gulf states after a three-week suspension.
The global market saw an increase in the price of gold, with the price rising by 152 dollars to 4565 dollars per ounce. A highly organized and ongoing misinformation campaign against Pakistan has been revealed, according to a report by a French channel.
The Ministry of Commerce has allowed exports through land routes to Iran, Azerbaijan, and Central Asian countries. The foreign ministers of Saudi Arabia, Turkey, Egypt, and Pakistan will meet in Islamabad, confirmed Deputy Prime Minister, Esakh Dar.
Women medical officers and five PGRs have been suspended, and they have been directed to report to the headquarters. Two nurses and a worker involved in a video case have also been suspended. The United States has sent its third naval fleet to the Middle East to prepare for war with Iran.
Pakistani actor Hamza Ali Abbasi has released a statement regarding the recent news about his sister.
