Rupee down by 32 paisas against dollar
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 219.25 points, a positive change of 0.61 per cent, closing at 42,142.71 points against 41,923.46 points the previous day.
A total of 332,534,678 shares were traded during the day as compared to 240,829,334 shares the previous day, whereas the price of shares stood at Rs 7.148 billion against Rs 7.152 billion on the last trading day.
As many as 344 companies transacted their shares in the stock market; 198 of them recorded gains and 120 sustained losses, whereas the share price of 344 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 79,599,537 shares at Rs 1.22 per share; Telecard Limited with 16,584,665 shares at Rs 7.41 per share and Pak Int. Bulk with 15,416,500 shares at Rs 4.39 per share.
Colgate Palm witnessed a maximum increase of Rs 116.92 per share price, closing at Rs 1,675.86, whereas the runner-up was Bhanero Tex with an Rs 84.99 rise in its per share price to Rs 1,289.99.
Sapphire Fiber witnessed a maximum decrease of Rs 91.01 per share closing at Rs 1,134.00; followed by Philip Morris Pak with Rs 35.22 decline to close at Rs 463.28.
Meanwhile Pakistani Rupee on Wednesday witnessed 32 paisas devaluation against the US Dollar (USD) in the interbank trading as it closed at Rs 286.88 against the previous day’s closing of Rs 286.56.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market stood at Rs 298.5 and Rs 301 respectively.
The price of the Euro decreased by 09 paisas to close at Rs 306.50 against the last day’s closing of Rs 306.59, according to the State Bank of Pakistan (SBP).
The Japanese Yen remained unchanged and closed at Rs 2.05, whereas an increase of 07 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 355.99 as compared to its last day’s closing of Rs 355.92.
The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 09 paisas and 08 paisas to close at Rs 78.10 and Rs 76.49 respectively.
