Pakistan’s stock market witnessed a positive trend on the third day of the business week, with the Pakistan Stock Exchange (PSX) benchmark 100-index closing at 1.54 million 292 points, a gain of 4276 points from the previous day’s close of 1.49 million 178 points.
The market saw a total of 3.9 billion shares traded, valued at 22 billion rupees, while the market capitalization increased to 1.724 trillion rupees. The 100-index touched a low of 1.50 million 284 points and a high of 1.54 million 684 points during the trading session.
The decline in the US dollar against the rupee in the interbank market was also a positive sign, with the dollar rate decreasing by 1 rupee to 279 rupees 26 paisa. The global market saw a decline in the price of gold, with the rate decreasing by 18 dollars to 5000 dollars per ounce.
Pakistan’s current account surplus for February stood at 427 million dollars, according to the Ministry of Finance. The country’s textile industry is also facing a shortage of raw materials due to the ongoing conflict in the Middle East.
The global market’s anxiety over the conflict in the Middle East has led to a surge in oil prices, with the rate increasing by 243 dollars to 4767 dollars per barrel. This has raised concerns about inflation in the country.
The Ministry of Finance has said that it has delayed 2 cargo ships for the month, while the supply of liquefied natural gas (LNG) from Qatar has come to a complete halt since March 2.
In a related development, the Secretary of Petroleum has said that the conflict in the Middle East has affected the supply of petroleum products.
The US President, Donald Trump, has said that he is keen on finding a way to resolve the conflict in the Middle East, and has hinted that he may be willing to negotiate with Iran.
The global market’s response to the conflict in the Middle East has been mixed, with some analysts saying that the price of gold has increased due to the conflict, while others have said that it has decreased.
The Pakistani rupee has also gained value against the US dollar in the interbank market, with the dollar rate decreasing by 1 rupee to 279 rupees 26 paisa.
The country’s textile industry is facing a shortage of raw materials due to the ongoing conflict in the Middle East.
The global market’s anxiety over the conflict in the Middle East has led to a surge in oil prices, with the rate increasing by 243 dollars to 4767 dollars per barrel.
The Ministry of Finance has said that it has delayed 2 cargo ships for the month, while the supply of liquefied natural gas (LNG) from Qatar has come to a complete halt since March 2.
In a related development, the Secretary of Petroleum has said that the conflict in the Middle East has affected the supply of petroleum products.
The US President, Donald Trump, has said that he is keen on finding a way to resolve the conflict in the Middle East, and has hinted that he may be willing to negotiate with Iran.
The global market’s response to the conflict in the Middle East has been mixed, with some analysts saying that the price of gold has increased due to the conflict, while others have said that it has decreased.
The Pakistani rupee has also gained value against the US dollar in the interbank market, with the dollar rate decreasing by 1 rupee to 279 rupees 26 paisa.
The country’s textile industry is facing a shortage of raw materials due to the ongoing conflict in the Middle East.
The global market’s anxiety over the conflict in the Middle East has led to a surge in oil prices, with the rate increasing by 243 dollars to 4767 dollars per barrel.
The Ministry of Finance has said that it has delayed 2 cargo ships for the month, while the supply of liquefied natural gas (LNG) from Qatar has come to a complete halt since March 2.
In a related development, the Secretary of Petroleum has said that the conflict in the Middle East has affected the supply of petroleum products.
The US President, Donald Trump, has said that he is keen on finding a way to resolve the conflict in the Middle East, and has
