Rupee sheds 37 paisa against dollar
The 100-index of the Pakistan Stock Exchange continued with bullish trend on Tuesday, gaining 255.52 points, a positive change of 0.61 per cent, closing at 41,923.46 points against 41,667.94 points the previous day.
A total of 240,829,334 shares were traded during the day as compared to 145,177,892 shares the previous day, whereas the price of shares stood at Rs.7.152 billion against Rs.4.682 billion on the last trading day.
As many as 331 companies transacted their shares in the stock market; 198 of them recorded gains and 114 sustained losses, whereas the share price of 19 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 24,434,530 shares at Rs.1.15 per share; Pak Refinery with 20,519,216 shares at Rs.15.06 per share and Cnergyico PK with 15,518,079 shares at Rs.3.33 per share.
Unilever Foods witnessed a maximum increase of Rs.950.00 per share price, closing at Rs.23,000.00, whereas the runner-up was Bata (Pak) with an Rs.33.50 rise in its per share price to Rs.1,664.00.
Sapphire Fiber witnessed a maximum decrease of Rs.34.97 per share closing at Rs.1,225.01; followed by ZIL Limited with Rs.22.00 decline to close at Rs.317.00.
Pakistani Rupee witnessed 37 paisas devaluation against the US Dollar (USD) in the interbank trading as it closed at Rs 286.56 against the previous day’s closing of Rs 286.19.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market stood at Rs 303 and Rs 306 respectively.
The price of the Euro increased by 49 paisas to close at Rs 306.59 against the last day’s closing of Rs 306.10, according to the State Bank of Pakistan (SBP).
The Japanese Yen went up by 01 paisa and closed at Rs 2.05, whereas an increase of 82 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 355.92 as compared to its last day’s closing of Rs 355.10.
The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 10 paisas and 11 paisas to close at Rs 78.01 and Rs 76.41 respectively.
