Benchmark KSE-100 index closes at 145,382.79 points after a drop of 264.34 points or 0.18%
\nNews Agency
\nIslamabad
\nThe Pakistan Stock Exchange (PSX) ended the week in the red as investors engaged in profit-taking following a relatively steady upward trend.
\nPSX\u2019s benchmark KSE-100 index on Friday closed at 145,382.79 points after a drop of 264.34 points or 0.18%, down from the previous session\u2019s close of 145,647.13 points.
\nSamiullah Tariq, Head of Research at Pak-Kuwait Investment Company, attributing the decline to profit-taking, noted: \u201cThe market was continuously increasing for some days.\u201d
\nThe Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index climbed to an intraday high of 146,813.43 points, gaining 1,166.30 points, or 0.8%, while touching a low of 144,917.18 points.
\nMeanwhile, Pakistan\u2019s foreign exchange reserves held by the central bank also fell for a third consecutive week to $14.232 billion as of August 1, down $72 million from the previous week, the State Bank of Pakistan (SBP) said on Thursday. The decline was attributed to external debt repayments.
\nTotal liquid foreign reserves dropped by $111 million to $19.496 billion, with commercial bank holdings falling $39 million to $5.264 billion.
\nIn July, imports rose 12% month-on-month (MoM) and 29% year-on-year (YoY) to $5.4 billion, while exports increased to $2.7 billion, up 9% MoM and 17% YoY. As a result, the July trade deficit widened by 44% YoY to $2.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Benchmark KSE-100 index closes at 145,382.79 points after a drop of 264.34 points or 0.18% News Agency Islamabad The Pakistan Stock Exchange (PSX) ended the week in the red as investors engaged in profit-taking following a relatively steady upward trend. PSX\u2019s benchmark KSE-100 index on Friday closed at 145,382.79 points after a drop of 264.34 …<\/p>\n","protected":false},"author":4,"featured_media":85087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=85086"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85086\/revisions"}],"predecessor-version":[{"id":85088,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/85086\/revisions\/85088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/85087"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=85086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=85086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=85086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}