BR100 Decreased By (-0%)
BR30 Decreased By (-0.12%)
KSE100 No Change (0%)
KSE30 No Change (0%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.75 Decreased By ▼ -0.25 (-0.47%)
BOP 34.25 Increased By ▲ 0.26 (0.76%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.34 Increased By ▲ 0.14 (1.15%)
FCCL 53.89 Increased By ▲ 1.06 (2.01%)
FCSC 5.22 Increased By ▲ 0.15 (2.96%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.11 Increased By ▲ 0.09 (1.12%)
KOSM 5.38 Decreased By ▼ -0.14 (-2.54%)
MLCF 88.05 Increased By ▲ 1.54 (1.78%)
NBP 186.48 Increased By ▲ 1.32 (0.71%)
PACE 10.72 Increased By ▲ 0.14 (1.32%)
PAEL 39.94 Increased By ▲ 0.52 (1.32%)
PIAHCLA 26.17 Decreased By ▼ -0.05 (-0.19%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 232.78 Increased By ▲ 4.60 (2.02%)
PRL 34.95 Increased By ▲ 0.27 (0.78%)
PTC 67.56 Increased By ▲ 2.23 (3.41%)
SEARL 90.93 Increased By ▲ 0.80 (0.89%)
SSGC 27.17 Increased By ▲ 0.57 (2.14%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.13 Increased By ▲ 1.63 (2.79%)
TPLP 8.76 Increased By ▲ 0.54 (6.57%)
TREET 24.54 Increased By ▲ 0.01 (0.04%)
TRG 71.75 Increased By ▲ 2.04 (2.93%)
WAVES 9.98 Increased By ▲ 0.04 (0.4%)
WTL 1.26 Decreased By ▼ -0.02 (-1.56%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Business & Finance Print edition: 2024-02-22

Sovereign dollar bonds jump on political clarity

Published February 22, 2024 Updated February 22, 2024 06:55am
Save
1 min
comment
By Reuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

LONDON: Pakistan’s sovereign dollar bonds jumped on Wednesday after two major political parties said late on Tuesday they had reached an agreement to form a coalition government.

The country’s international bonds maturing in 2031 enjoyed the biggest gains, up 2.7 cents on the dollar, at 61.7 cents, according to Tradeweb data.

The 2026 notes were up 2.6 cents to 76.95 cents.

Pakistan sovereign dollar bonds slide in aftermath of contentious election

The agreement between Pakistan People’s Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) ended 10 days of intense negotiations after an inconclusive national election did not return a clear majority.

Pakistan’s benchmark share index. KSE rose 1.78% in early trade on Wednesday.

bonds PSX US dollar Dollar PKR KSE Pakistan Rupee General Elections 2024 General Election 2024 Pakistan sovereign dollar bonds

Comments

Comments are closed for this article.

More Stories

Browse all stories