Rupee sheds 21 paisa against dollar
The 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Friday, gaining 157.11 points, a positive change of 0.38 percent, closing at 41,599.19 against 41,442.08 points the previous day.
A total of 120,373,905 shares were traded during the day as compared to 101,318,549 shares the previous day, whereas the price of shares stood at Rs 3.277 billion against Rs 3.000 billion on the last trading day.
As many as 314 companies transacted their shares in the stock market; 172 of them recorded gains and 114 sustained losses, whereas the share price of 28 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 19,984,893 shares at Rs 1.14 per share, Air Link Communication Ltd. with 6,096,00 shares at Rs 21.97 per share, The Searle Co.with 4,864,361 shares at Rs 49.71 per share.
Unilever Foods witnessed a maximum increase of Rs 1000.00 per share price, closing at Rs 21800.00, whereas the runner-up was Nestle Pakistan with a Rs 166.25 rise in its per share price to Rs 6416.25.
Rafhan Maize XD witnessed a maximum decrease of Rs 349.99 per share closing at Rs 8000.00, followed by Khyber Textile with a Rs 57.75 decline to close at Rs 712.25.
Meanwhile Pakistani rupee witnessed 21 paisas devaluation against US Dollar (USD) in the interbank trading on Friday and closed at Rs 285.82 against the previous day’s closing of Rs 285.61.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 297.5 and Rs 300, respectively.
The price of the Euro decreased by 78 paisas to close at Rs 308.11 against the last day’s closing of Rs. 308.89, according to the State Bank of Pakistan (SBP).
The Japanese Yen came down by 01 paisa and closed at Rs 2.06, whereas a decrease of 80 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 354.76 as compared to its last day’s closing of Rs 355.56.
The exchange rate of the Emirates Dirham and the Saudi Riyal went up by 05 paisas and 06 paisas to close at Rs. 77.83 and Rs.76.21, respectively.
