No Result
View All Result
Thursday, June 12, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Nadia Hussain

    Pakistani artists sang Indian songs at Lahore event after war: Nadia Hussain

    Sana Yousaf

    Breakthrough in Sana Yousaf Case: Federal Prosecutor appoints special team

    Areej Mohyudin

    We realize importance of parents when they pass away: Areej Mohyudin

    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Nadia Hussain

    Pakistani artists sang Indian songs at Lahore event after war: Nadia Hussain

    Sana Yousaf

    Breakthrough in Sana Yousaf Case: Federal Prosecutor appoints special team

    Areej Mohyudin

    We realize importance of parents when they pass away: Areej Mohyudin

    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

KSE-100 plunges over 1,300 points in intraday trading

MM News Staff by MM News Staff
May 9, 2022
PSX down by 1000 points within two hours of trading

KARACHI: The Pakistan Stock Exchange (PSX) endured a battering on Monday as the benchmark KSE-100 index nosedived by more than 1,100 points in intraday trading, while dollar continued its flight towards record levels against rupee.

KSE-100 Index opened at 44,840.81 points and began going down from the start, taking brief corrections but eventually continuing with its downward trajectory and sinking to 43,525.64 after 12:30pm, which represented an intraday decline of 1315.48 points.

According the experts, the market is under pressure due to the widening current and fiscal account deficit and the depleting foreign exchange reserves.

Moreover, debt repayment and the uncertainty surrounding the talks with the International Monetary Fund for resuming the loan program have also kept the marker on tenterhooks.

Rupee depreciates as dollar touches Rs188.05

Meanwhile, the dollar was trading at Rs188.5 in the interbank at around noon on Monday as the rupee depreciated by Rs1.25, according to the Forex Association of Pakistan. The open market rate of the greenback was Rs187.8 at the same time.

The dollar’s highest level against rupee remains Rs189.25 — a level that was seen on April 1 when the political turmoil was at its apex. In the immediate aftermath of the change in government, it had gone down in the face of the rupee’s strengthening but the correction soon ran out of steam and now the greenback is soaring back to its record high.

Pakistan’s trade deficit widened 65percent during the first 10 months (July-April) of the fiscal year 2021-22 and reached $39.6billion from $23.82billion in the same period of 2020-21.

According to the data from the Pakistan Bureau of Statistics, the country’s exports increased 25.46percent and reached $26.22b in the first ten months of the current fiscal year compared to $20.90b during the same period last year.

During Prime Minister Shehbaz Sharif’s visit to Saudi Arabia earlier this month, Saudi Crown Prince Mohammed bin Salman agreed to discus extending the term of a $3 billion loan to help Pakistan’s new government tide over the prevailing economic crisis.

ShareTweetSendShare
Previous Post

PM Shehbaz vows action against Imran Khan’s anti-state speech

Next Post

Sri Lanka imposes curfew in capital amid violent clashes

Related Stories

Remittances
Business & Stock

Overseas Pakistanis send record $3.7 billion in May remittances

June 11, 2025
Tax-Free Budget
Business & Stock

Gandapur announces tax-free budget with major development projects

June 11, 2025
Budget 2025
Business & Stock

Budget 2025: Government approves Rs5 billion package for Azad Kashmir

June 11, 2025
pm shehbaz
Business & Stock

Budget 2025: No additional tax burden on common man: PM

June 11, 2025
Image: APP
Business & Stock

Bulls rule PSX as KSE-100 gains 2328 points

June 11, 2025
Maryam Nawaz
Business & Stock

Maryam Nawaz rejects proposal for new taxes in Punjab

June 11, 2025
Customs Duty
Business & Stock

Customs duty cut on thousands of tariff lines to boost export-led growth: Muhammad Aurangzeb

June 11, 2025
Make Money Online
Business & Stock

Government to impose tax on online businesses and social media earnings

June 11, 2025
Post-budget
Business & Stock

Journalists boycott Aurangzeb’s post-budget press conference

June 11, 2025
file photo
Business & Stock

PSX hits all-time high in post-budget rally

June 11, 2025
Next Post
Sri Lanka imposes curfew in capital after 20 injured in clashes

Sri Lanka imposes curfew in capital amid violent clashes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Health

Punjab launches virtual blood bank

by MM News Staff
June 11, 2025
File photo
Top News

Pakistan rejects irresponsible remarks of Indian minister

by MM News Staff
June 11, 2025
File photo
Technology

PTA intensifies crackdown on illegal IMEI tampering, cloned mobile phones

by MM News Staff
June 11, 2025
File photo
Film & TV

Saheefa Jabbar faces backlash for sharing bold photo on social media

by MM News Staff
June 11, 2025
File photo
Health

No summer break for medical students this year

by MM News Staff
June 11, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

representative image
Weather

PMD issues nationwide alert for extremely hot weather

by MM News Staff
June 11, 2025

The Pakistan Meteorological Department (PMD) on Wednesday issued an alert for extremely hot and...

File photo

Eidul Adha holidays: PDMA issues heatwave alert

June 5, 2025
representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
See all

Prices

representative image
Business & Stock

Gold prices in Pakistan today- 11 June 2025

by MM News Staff
June 11, 2025

The following are the current gold rates in Pakistan on Wednesday, 11 June 2025. ...

Photo credit Bloomberg

Sales tax on small cars increased to 18pc

June 10, 2025
File photo

Carbon levy on petroleum products proposed to fund green initiatives

June 10, 2025
representative image

Gold prices see significant decrease in Pakistan

June 10, 2025
See all

Transport News

representative image
Business & Stock

Karachi businessmen get license for new airline

by MM News Staff
June 11, 2025

Karachi businessmen have got a license for a new airline named Air Karachi, the...

Photo credit Bloomberg

Sales tax on small cars increased to 18pc

June 10, 2025
Motorway Police

Motorway Police issues travel advisory ahead of post-Eid traffic surge

June 10, 2025
File

Karachi Green Line BRT to receive Rs42.7 billion in PSDP 2025-26

June 9, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.