Pakistan Stock Exchange

Pakistans foreign exchange reserves held by the central bank decreased by 5.5 per cent or $170 million to $2.91 billion in the week ending February 3, the State Bank of Pakistan said on Thursday

The CPI in December also witnessed a year-on-year rise from November as it went through an increase of 23.8 per cent in the previous month, Xinhua news agency quoted the Pakistan Bureau of Statistics

The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent

The Pakistan Stock Exchange 100 index dropped by 1,447.67 points, or 3.23 per cent, to 43,393.14, its lowest since March 22

Following the move, Pakistan stocks fell nearly 3 per cent on Wednesday while the rupee dropped to a record low.

Evidence of momentum returning can be seen from growing cement-to-fuel sales and demand for home appliances to cars

The Karachi-based company plans to raise between 3.6 billion rupees to 5 billion rupees as early as this month, Chief Executive Officer Hussain Agha said

The plan involves allowing non-resident Pakistanis to open digital accounts starting next week to allow the diaspora to invest in one of Asia's best-performing stock markets

Key index is up 36% since March after rate cuts

India said on Monday it had nothing to do with the assault

Four militants had stormed the PSX building and opened indiscriminate fire

At least two persons were killed and three others injured in a grenade attack near the Pakistan Stock Exchange on Monday, media reports said. Sindh province Governor Imran Ismail condemned the incident. "Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter. Police have arrived on the spot and surrounded the area.

Pakistan's KSE-100 Index has advanced to the highest level in seven months, after falling to the lowest in almost five years in August

The official said it may take one to two weeks to make the formal announcement of the appointment

PSE's benchmark 100-share index touched the key level soon after the market opened for trading

Pakistan's stock exchange has been one of Asia's best performing for several years

Shanghai Stock Exchange did not respond to a request for comment