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[4] [5] PSX was classified by MSCI as a frontier market on 8 September 2021. [6] Pakistan Stock Exchange was founded in 1947 as Karachi Stock Exchange, In January 2016, Karachi Stock Exchange was renamed as Pakistan Stock Exchange after the merger of the Lahore Stock Exchange and Islamabad Stock Exchange. [7]
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The SGX Nifty had long been a key indicator for India's domestic stock market indices. [8] The transition to GIFT Nifty was part of a broader strategy to centralize international financial services in GIFT City, a hub for India's financial sector and a key initiative under the Smart Cities Mission started by Prime Minister Narendra Modi.
The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking, 13.76% to information technology, 12.12% to oil and gas, 8.46% to consumer goods, and 8.22% to automotive. [1]
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
Pakistan qualified for the popular MSCI Emerging Markets Index in May 2017, an upgrade from Morgan Stanley Capital International's (MSCI) Frontier Market (FM) index. [ 18 ] On 25 May 2017, the KSE-100 index reached the all-time high of 53,124 points, later it tanked to 37,919 points in a matter of seven months.