Rupee secures 80 paisas against dollar
The 100-index of the Pakistan Stock Exchange witnessed a bullish trend on Tuesday, gaining 201.38 points, with a positive change of 0.50 per cent, closing at 40,448.05 against 40,246.67 points on the previous day.
A total of 67,536,928 shares were traded during the day as compared to 94,781,630 shares the previous day, whereas the price of shares stood at Rs 2.275 billion against Rs 3.056 billion on the last trading day.
As many as 330 companies transacted their shares in the stock market; 163 of them recorded gains and 145 sustained losses, whereas the share price of 22 companies remained unchanged.
The three top-trading companies were K-Electric Ltd. with 3,534931 shares at Rs 1.98 per share, WorldCall Telecom with 3,323,854 shares at Rs 1.16 per share, and Hascol Petrol with 2,759,500 shares at Rs 5.55 per share.
Nestle Pakistan XD witnessed a maximum increase of Rs 100.00 per share price, closing at Rs 5350.00, whereas the runner-up was Sapphire Fiber with a Rs 71.75 rise in its per share price to Rs 1040.63.
Unilever Foods witnessed a maximum decrease of Rs 246.00 per share closing at Rs 18054.00, followed by Khyber Textile with a Rs 51.75 decline to close at Rs 638.25.
Meanwhile, Pakistan rupee gained 80 paisas against the Dollar in the interbank trading on Tuesday and closed at Rs 283.90 against the previous day’s closing of Rs 284.70.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 287 and Rs 289.5, respectively.
The price of the Euro decreased by Rs 1.94 to close at Rs 311.15 against the last day’s closing of Rs 313.09, according to the State Bank of Pakistan (SBP).
The Japanese Yen declined by 01 paisas and stood at Rs 2.11; whereas a drop of Rs 1.23 was witnessed in the exchange rate of the British Pound, which traded at Rs352.49 as compared to its last day’s closing of Rs353.72.
The exchange rate of the Emirates Dirham and Saudi Riyal dipped by 21 paisas each to close at Rs 77.31 and Rs 75.69, respectively.
