The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 200.56 points, a positive change of 0.48 percent, closing at 41,723.32 points against 41,522.76 points the previous day.
A total of 297,773,210 shares were traded during the day as compared to 296,595,844 shares the previous day, whereas the price of shares stood at Rs 12,072 billion against Rs 12,519 billion on the last trading day.
As many as 346 companies transacted their shares in the stock market; 185 of them recorded gains and 132 sustained losses, whereas the share price of 29 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 64,461,125 shares at Rs 1.31 per share, Oil and Gas Development with 22,259,031 shares at Rs 99.78 per share, and Pak Petroleum with 15,889,192 shares at Rs 80.05 per share.
Bhanero Tex witnessed a maximum increase of Rs 76.51 per share price, closing at Rs 1,096.61, whereas the runner-up was Lucky Core Ind.XD with a Rs 34.74 rise in its per share price to Rs 560.74.
Sapphire Fiber witnessed a maximum decrease of Rs 41.67 per share closing at Rs 1,100.00, followed by Sapphire Tex with Rs 38.27 decline to close at Rs 986.73.
Meanwhile the exchange rate of the Pakistani rupee strengthened by Rs 2.96 against the US dollar in the interbank trading on Wednesday and closed at Rs 273.32 against the previous day’s closing of Rs 276.28.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs. 277 and Rs. 280 respectively.
The price of the euro depreciated by Rs 2.50 and closed at Rs 293.92 against the previous day’s closing of Rs 296.42, according to the State Bank of Pakistan (SBP).
The Japanese yen lost one paisa to close at Rs 2.08, whereas a decrease of Rs 1.52 was witnessed in the exchange rate of the British pound, which was traded at Rs 330.61 as compared to its last closing of Rs 332.13.
The exchange rates of the Emirates dirham and Saudi riyal decreased by 80 paisa and 78 paisa to close at Rs 74.41 and Rs 72.85 respectively.
