Rupee secures one paisa against dollar
The 100-index of the Pakistan Stock Exchange on Wednesday witnessed a bullish trend gaining 18.02 points, with a positive change of 0.04 per cent, closing at 41,117.33 against 41,099.31 points on the previous day.
A total of 105,572,761 shares valuing Rs 2.576 billion were traded during the day as compared to 91,494,440 shares valuing Rs 2.390 billion the previous day.
As many as 309 companies transacted their shares in the stock market; 135 of them recorded gains and 148 sustained losses, whereas the share price of 26 companies remained unchanged.
The three top-trading companies were Hascol Petrol with 21,513,500 shares at Rs 5.22 per share, WorldCall Telecom with 6,250,538 shares at Rs 1.12 per share, and HBL Total Treas with 5,005,000 shares at Rs 11.20 per share.
Nestle Pakistan witnessed a maximum increase of Rs 200.00 per share price, closing at Rs 6700.00, whereas the runner-up was Al-Abbas Sugar with a Rs 30.38 rise in its per share price to Rs 435.38.
Reliance Cotton witnessed a maximum decrease of Rs 43.35 per share closing at Rs 534.82, followed by Premium Tex with a Rs 38.54 decline to close at Rs 475.36. Meanwhile Pakistani rupee gained 01 paisa against the US Dollar (USD) in the interbank trading on Wednesday and closed at Rs 287.13 against the previous day’s closing of Rs 287.14.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs306 and Rs308, respectively.
The price of the Euro decreased by 72 paisas to close at Rs 309.51 against the last day’s closing of Rs 310.23, according to the State Bank of Pakistan (SBP).
