Brokers monitoring the share price movement at the Karachi Stock Exchange. Reuters
Senator of Pakistan Tehreek-e-Insaaf (PTI) Faisal Javed Khan has presented improvement in the economy following the steps taken by the government during eleven months.
The Pakistani rupee hit a new all-time low of Rs149.35 to the US dollar in the inter-bank market on Friday. This is the second successive day when rupee continued to lose ground against the greenback under the fresh round of depreciation. On Thursday, the local currency lost 3.62% to close at Rs146.52 to the US dollar in inter-bank.
The Pakistan Stock Exchange (PSX) in the outgoing week witnessed massive overall spike in its gains as local and foreign investors rampaged across the market to quickly hit upper circuits after the war clouds hanging over the region.
According to emergency responders, no casualties were recorded.
The NSE Nifty 50 index was up 0.80% at 13,239.05 as of 05:12 GMT, while the S&P BSE Sensex was up 0.80% at 44,993.92. Both indexes hit record highs. The Indian rupee strengthened to 73.72 against the dollar.
Spot gold was little changed at $1,840.75 per ounce by 05:28 GMT. US gold futures were up 0.2% at $1,844.10. Gold has added about 3% so far this week.