The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Friday. At 10am, the currency was hovering at 280.52, a gain of Re0.24against the greenback. On Thursday, the local unit closed at 280.76. Globally, the US dollar struggled to claw back steep losses on Friday and was on track for a weekly fall, as inve
TPL REIT Fund I has announced that it is evaluating a potential divestment from HKC (Private) Limited through the sale of land associated with its Project-B One Hoshang development. The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “We are pleased to inform you that TPL REIT Fund I (Fund) has decided to undertake the potential disposal/divestme
The Pakistan Stock Exchange (PSX) staged a mild rebound on Wednesday, following a steep fall the previous day, as the KSE-100 index advanced 313 points to settle at 158,184. Investors were wary of the ongoing political and security developments and only slightly built their positions. The benchmark index moved between the intra-day high of 159,516 and low of 157,204. Although the market mana
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,500 points during the opening hours of trading on Thursday. At 11:15am, the benchmark index was hovering at 159,662.59, an increase of 1,478.65 points or 0.93%. Across-the-board buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks
The Pakistan Stock Exchange (PSX) staged a mild rebound on Wednesday, following a steep fall the previous day, as the KSE-100 index advanced 313 points to settle at 158,184. Investors were wary of the ongoing political and security developments and only slightly built their positions. The benchmark index moved between the intra-day high of 159,516 and low of 157,204. Although the market mana