Business
Rupee holds steady against dollar as markets eye global cues – Business
The Pakistani rupee remained largely stable against major foreign currencies on Tuesday, trading within a narrow band in both the interbank and open markets as market participants awaited fresh economic cues.
According to the latest exchange rates published by forex.pk, 1 US dollar was valued at Rs280.6 in the open market on Tuesday afternoon, reflecting minimal change in trading activity. This open-market rate indicates marginal volatility movement in currency demand and supply.
Among other major currencies, the euro was quoted at around Rs328.3, while the British pound was trading near Rs378, according to the same source.
The UAE dirham and Saudi riyal were close to Rs75.5 and Rs74.5, respectively, underscoring broad stability across key exchange rates.
Market watchers said traders were still digesting global economic developments alongside domestic indicators, including monetary policy trends, commodity prices, and geopolitical dynamics that could influence short-term currency direction.
This backdrop has contributed to range-bound activity and controlled fluctuation in both interbank and open market segments. Analysts described the rupee’s performance as reflective of cautious stability, with limited volatility across major currency pairs.
Business
Market rebounds 5,000 points in volatile trade – Business
Pakistan’s benchmark stock index, the KSE-100, closed in the green, up 5,159.10 points to 157,132.09 points on Tuesday, following the largest single-session decline in the bourse’s history on Monday.
This 3.39 per cent increase marks a significant rebound from yesterday’s drop of more than 16,000 points.
This upward momentum followed early volatility, with the benchmark slipping 700 points into the red at 9:16am.
Topline Securities noted that market participation also improved, with total traded volume reaching 770 million shares and turnover clocking in at Rs 44.3 billion. However, the index continued to reflect the volatility seen in the previous session, swinging between an intraday low of 151,258.85 points and a high of 158,217.01.
The most actively traded stocks were led by K-Electric Limited, which climbed 8.81pc to Rs7.29 on a volume of 74,401,539 shares. It was followed by Worldcall Telecom Limited, up 8.04pc to Rs1.21 with 50,045,665 shares traded, while Pak Elektron Limited declined 9.04pc to Rs39.33 on a volume of 38,234,339 shares.
The assassination of Ali Khamenei, Iran’s supreme leader, in airstrikes by the United States and Israel has destabilised the Middle East, triggered a rout in global equity markets, and fuelled a surge in oil and gas prices.
The developments have heightened fears of supply disruptions as Tehran retaliates.
However, according to Topline Securities, investors reassessed the situation and grew confident that geopolitical tensions are unlikely to prolong; “the mood shifted from fear to opportunity”.
Business
KSE-100 rallies over 5,000 points after Monday’s largest single-session decline – Business
Pakistan’s benchmark stock index, the KSE-100, closed in the green, up 5159.10 points to 157,132.09 points on Tuesday, following the largest single-session decline in the bourse’s history on Monday.
This 3.39 per cent increase marks a significant rebound from yesterday’s drop of more than 16,000 points.
This upward momentum followed early volatility, with the benchmark slipping 700 points into the red at 9:16am.
Trading volumes have remained robust at 429,915,176 shares, with a total value of Rs38,086,382,388. However, the index continued to reflect the volatility seen in the previous session, swinging between an intraday low of 151,258.85 points and a high of 158,217.01.
The most actively traded stocks were led by K-Electric Limited, which climbed 7.76pc to Rs7.22 on a volume of 65,804,820 shares. It was followed by Worldcall Telecom Limited, up 8.04pc to Rs1.21 with 49,274,265 shares traded, while Pak Elektron Limited declined 9.92pc to Rs38.95 on a volume of 37,297,035 shares.
Investors were cautiously optimistic regarding the persistence of volatility amid geopolitical uncertainty. In particular, the assassination of Ali Khamenei, Iran’s supreme leader, in airstrikes by the United States and Israel has destabilised the Middle East, triggered a rout in global equity markets, and fuelled a surge in oil and gas prices.
The developments have heightened fears of supply disruptions as Tehran retaliates.
Topline Research noted that given the evolving nature of the conflict and the involvement of multiple countries, volatility may continue until the situation stabilises.
Business
KSE-100 rallies over 4,000 points after Monday’s largest single-session decline – Business
Pakistan’s benchmark stock index, the KSE-100, was trading in the green, up 4,725.06 points to 156,698.05 points by 1:28pm on Tuesday, following the largest single-session decline in the bourse’s history on Monday.
This 3.11 per cent increase marks a significant rebound from yesterday’s drop of more than 16,000 points.
This upward momentum followed early volatility, with the benchmark slipping 700 points into the red at 9:16am.
So far, trading volumes have remained robust at 112,224,609 shares, with a total value of Rs8,762,351,732. However, the index continued to reflect the volatility seen in the previous session, swinging between an intraday low of 151,258.85 points and a high of 157,186.68.
The most actively traded stocks were led by K-Electric Limited, which climbed 7.76pc to Rs7.22 on a volume of 65,804,820 shares. It was followed by Worldcall Telecom Limited, up 8.04pc to Rs1.21 with 49,274,265 shares traded, while Pak Elektron Limited declined 9.92pc to Rs38.95 on a volume of 37,297,035 shares.
Investors are now watching to see whether volatility persists amid geopolitical uncertainty. In particular, the assassination of Ali Khamenei, Iran’s supreme leader, in airstrikes by the United States and Israel has destabilised the Middle East, triggered a rout in global equity markets, and fuelled a surge in oil and gas prices.
The developments have heightened fears of supply disruptions as Tehran retaliates.
Topline Research noted that given the evolving nature of the conflict and the involvement of multiple countries, volatility may continue until the situation stabilises.
-
Entertainment1 week ago
Atiqa Odho’s Surprising Opinion on Aurat March
-
Today News2 weeks ago
عمران خان سے ملاقات ہوتی تو صرتحال اتنی سنجیدہ نہ ہوتی، بیرسٹر گوہر
-
Tech2 weeks ago
Final Expands Line-Up Of Gaming Earphones By Launching Two New Models
-
Tech2 weeks ago
Samsung Promotes New Feature Ahead Of Galaxy S26 Ultra Launch
-
Tech1 week ago
Streamlining Operations and Minimizing OpEx with AI Agents
-
Today News2 weeks ago
اسرائیل کی ویسٹ بینک پر قبضے کیلئے قانونی سازی، اقوام متحدہ کا سخت ردعمل سامنے آگیا
-
Today News2 weeks ago
پاکستان ٹیم کے دورہ بنگلادیش شیڈول سامنے آگیا
-
Sports1 week ago
Alarm over Pakistanis’ exclusion from Hundred competition