Rupee sheds 59 paisa against dollar
The 100-index of the Pakistan Stock Exchange (PSX) declined by 95.76 points on Tuesday, showing a negative change of 0.23 per cent, closing at 41,099.31 points against 41,195.07 points the previous day.
A total of 91,494,440 shares were traded during the day as compared to 97,765,956 shares the previous day, whereas the price of shares stood at Rs 2.390 billion against Rs 2.879 billion on the last trading day.
As many as 300 companies transacted their shares in the stock market; 114 of them recorded gains and 149 sustained losses, whereas the share price of 37 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 23,196,785 shares at Rs 1.11 per share, K-Electric Ltd with 8,547,185 shares at Rs 1.81 per share, and Unity Foods Ltd. with 3,690,957 shares at Rs 12.09 per share.
Unilever Foods witnessed a maximum increase of Rs 1600.00 per share price, closing at Rs 23400.00, whereas the runner-up was Bata (Pak) with a Rs 35.00 rise in its per share price to Rs 1680.00.
Nestle Pakistan witnessed a maximum decrease of Rs 86.67 per share closing at Rs 6500.00, followed by Pak Tobacco with a Rs 18.51 decline to close at Rs 640.00.
Meanwhile Pakistani rupee witnessed 59 paisas devaluation against US Dollar (USD) in the interbank trading on Tuesday and closed at Rs 287.14 against the previous day’s closing of Rs 286.55.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs302 and Rs305, respectively.
The price of the Euro increased by 48 paisas to close at Rs 310.23 against the last day’s closing of Rs309.75, according to the State Bank of Pakistan (SBP).
The Japanese Yen remained unchanged and closed at Rs 2.07, whereas a decrease of 27 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 356.06 as compared to its last day’s closing of Rs 356.33.
The exchange rate of the Emirates Dirham and the Saudi Riyal went up by 16 paisas each to close at Rs.78.19 and Rs.76.57, respectively.
