In the country's exchange markets, the price of Gold per tola has increased to more than 2 lakh 9 thousand rupees, the price of the Dollar has also gone above the level of 280 rupees.
Lahore: At the beginning of the new business week, gold and dollar became expensive, the price of gold per tola in the exchange markets of the country increased to more than 2 lakh 9 thousand rupees, the price of the dollar also went above the level of 280 rupees. According to the details, due to the increase in gold prices in the world market, gold prices also increased in Pakistan.
The price of gold per ounce in the international market has increased by 9 dollars to 2001 dollars, while in Pakistan, the price of gold per tola has increased by 1 thousand 250 rupees and the price of gold per 10 grams has increased by 1 thousand 72 rupees. Due to the increase in the prices of gold, the price of gold per tola in the local exchange markets was Rs.
On the other hand, the dollar also became expensive at the start of the business week. According to the State Bank, the dollar appreciated by 32 paise during today's trade, resulting in the dollar closing at Rs 279.12 paisa at the interbank level. Forex dealers have said that the US currency appreciated in the open market as well as in the inter-bank market and one dollar was sold at 281 rupees in the open market while banks sold the dollar to importers at 279 rupees 50 paise.
On the other hand, on the first day of the business week, the 100 index of the Pakistan Stock Exchange crossed the level of 51,000. The business started positively in the stock market today, where the 100 index reached 51,272 with an increase of 540 points. The index has reached the yellow bar of 51 thousand, the highest level in the history of the index is 52 thousand 876 points. The Pakistan Stock Market 100 index is said to have reached a six-year high, raising hopes of an improvement in the value of money and a fall in inflation, the stock market recorded a bullish record at the close of business on Friday. Done, the 100 index of the Karachi Stock Exchange rose by 0.9 percent after reaching the level of 50,670.4.
The Karachi Stock Exchange ranked second among more than 90 global equity indices tracked by Bloomberg this month with a 10 percent gain, with economists saying the recent rise in the value of the Pakistani rupee is the highest rate in the secondary debt market. Rising trend and inflation data will help divert new investments to the stock market.
Bloomberg reports that Pakistani stocks have risen 23 percent since reaching a $3 billion loan deal with the International Monetary Fund in June this year. The Pakistani rupee is about 10 percent off a record low in September. has grown and was named the best-performing currency among economies tracked by Bloomberg.