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Karachi Stock Exchange (KSE)

Rupee value- US Dollar weakens by 21paisa

KARACHI: The US dollar showed a downward trend and is recorded at Rs127.90 on Friday morning after decreasing by 21 paisa in interbank market. This dollar value is based on the escalating inclination the previous day at the Karachi Stock Exchange (KSE), as soon as the unofficial results were announced declaring the victory of the Pakistan Tehreek-e-Insaf (PTI). ALSO READ:┬áPakistan shares, rupee open firm as election results eyed It is observed that in the previous week, US dollar has hit extreme high rate and now it has…

KSE-100 plunge 680 points in Intra-day trading

KARACHI:┬áThe KSE-100 Index plunge 728 points in intra-day trading before making some recovery due to continuous depreciation of rupee. The benchmark index was on a steady decline throughout the day as stocks faced across-the-board selling pressure. It is suspected that Pakistan name will be placed on grey list by the Financial Action Task Force (FATF) next week, for failure to restrain terrorism financing which has also made the investors edgy. The main reason behind such situation is grave foreign selling, which is…