KARACHI, December 20 2024: The stock market in Pakistan displayed resilience on December 20, 2024, with the KSE 100 Index making a significant recovery after three consecutive days of declines. The benchmark index surged by 3.05%, closing at 109,513 points, as investors seized the opportunity to purchase shares during the dip, encouraged by the prevailing…
KARACHI, December 20 2024: The State Bank of Pakistan (SBP) has unveiled its first Quarterly Payment Systems Review for FY25, spotlighting the nation’s progress in adopting digital payments and building a cashless economy. The report, covering July to September 2024, underscores a remarkable surge in digital transactions, infrastructure development, and a declining reliance on cash-based…
KARACHI, December 10th 2024: The Karachi Stock Exchange (KSE-100) endured a day of heightened volatility, as the index swung dramatically within a 4,000-point range. The session, marked by intense profit-taking, saw the index reach a high of 1,789 points before plunging to a low of 2,258 points, ultimately settling at 108,896 points. Early optimism fueled…
KARACHI, December 4, 2024: Pakistan’s Sukuk market witnessed remarkable growth in 2024, with the government raising Rs2 trillion through 15 auctions conducted via the Pakistan Stock Exchange (PSX) auction system. This strategic financial maneuver has not only provided cost-effective borrowing options but also showcased the increasing confidence of investors in Islamic financial instruments. Highlights of…
KARACHI, November 15, 2024: The State Bank of Pakistan (SBP) has taken strict action against M/s Islamabad Exchange Company (Pvt.) Limited, suspending its authorization with immediate effect due to violations of SBP’s rules and regulations. As a result of this suspension, the exchange company, along with its head office and authorized branches, has been barred…