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Interest rate hike rumours dampen sentiment at KSE

Source: Geo News | 17-08-2013

KARACHI: Rumours that the State Bank of Pakistan (SBP) would launch a hawkish monetary policy later this month kept the traders in the

Karachi Stock Exchange (KSE) on the sidelines here on Friday.

KSE shed gains on on the rollover day to close lower at at 23,673.30 mark.

The benchmark 100-share index lost 0.06 percent or 14.59 points.

Oil and Gas Development Co Ltd fell 1.26 percent to Rs260.12, while Engro Foods Ltd was down 0.28 percent to finish at Rs121.45.

Dollar extends gains in Asian trade

Source: Geo News | 01-07-2013

TOKYO: The dollar strengthened against the yen in Asia after a senior US Federal Reserve official said a winding down of the bank's massive asset purchases could start within months. In morning Tokyo trade, the greenback fetched 99.30 yen from 99.11 yen in New York on Friday. Fed board member Jeremy Stein suggested in a speech in New York on Friday ..... Read more

KSE starts week with bearish trend

Source: Dunya News | 22-04-2014

Karachi Stock Exchange showed downward trend on first day of the week as the benchmark 100-share index fell by 191 points to close at 28,878 points. Follow-through impact of the global sell-off was felt at the local bourse, resulting in the benchmark index declining. Asian markets were mostly lower in thin Easter holiday trade Monday, with Japan's Nikkei g..... Read more

Dollar slips in Asian trade

Source: Geo News | 23-07-2013

TOKYO: The dollar weakened in Asia Tuesday after poor US housing data raised the likelihood the US Federal Reserve would not wind back its stimulus programme in the near term. The greenback fetched 99.49 yen in late morning Tokyo trade, down from 99.59 yen in New York Monday afternoon and well off the 100-yen levels at the end of last week, while th..... Read more

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