The Rupee on Friday gained 06 paisa against the US Dollar in the interbank trading and closed at Rs 279.28 against the previous day’s closing of Rs 279.34.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.9 and Rs 281.4, respectively.
The price of the Euro increased by 27 paisa to close at Rs300.86 against the last day’s closing of Rs300.59, according to the State Bank of Pakistan (SBP).
The Japanese Yen lost 02 paisa to close at Rs1.86, whereas a decrease of 20 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs 352.32 compared to the last closing of Rs 352.52.
The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 02 paisa and 01 paisa to close at Rs 76.03 and Rs 74.47 respectively.
Meanwhile 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 1,200.12 points, a negative change of 1.87 percent, closing at 62,943.75 points against 64,143.87 points the previous trading day.
A total of 258,073,610 shares valuing Rs 12.529 billion were traded during the day as compared to 327,591,633 shares valuing Rs. 14.308 billion the last day.
Some 319 companies transacted their shares in the stock market; 55 of them recorded gains and 241 sustained losses, whereas the share prices of 23 remained unchanged.
The three top-trading companies were K-Electric Limited with 20,541,848 shares at Rs.4.65 per share, Oil and Gas Development with 18,933,926 shares at Rs.145.08 per share and Pak Petroleum with 17,861,036 shares at Rs.116.78 per share.
Philip Morris (Pakistan) Limited witnessed a maximum increase of Rs.30.00 per share price, closing at Rs.700.00, whereas the runner-up was Packages Limited with a Rs.12.73 rise in its per share price to Rs.522.85.
Unilever Pakistan Foods Limited witnessed a maximum decrease of Rs.64.33 per share closing at Rs.22,300.00, followed by Mari Petroleum Company Limited with Rs.56.74 decline to close at Rs.2,274.11.
