Rupee sheds 56 paisas against dollar
The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Wednesday, gaining 29.89 points, with a positive change of 0.08 percent, closing at 39,717.15 against 39,687.26 points on the previous day.
A total of 86,723,163 shares were traded during the day as compared to 83,255,062 shares the previous day, whereas the price of shares stood at Rs 2.435 billion against Rs 2.186 billion on the last trading day.
As many as 354 companies transacted their shares in the stock market; 175 of them recorded gains and 147 sustained losses, whereas the share price of 32 companies remained unchanged.
The three top-trading companies were Silk Bank Ltd. with 11,002,000 shares at Rs 1.03 per share, WorldCall Telecom with 5,743,963 shares at Rs1.17 per share, and Telecard Limited with 5,347,500 shares at Rs 7.91 per share.
Khyber Textile witnessed a maximum increase of Rs 37.02 per share price, closing at Rs 530.72, whereas the runner-up was Premium Tex. with a Rs 33.51 rise in its per share price to Rs 480.31.
Bata (Pak) witnessed a maximum decrease of Rs 148.50 per share closing at Rs 1835.00, followed by Philip Morris Pak. with a Rs 26.99 decline to close at Rs 344.02. Meanwhile Pakistan rupee weakened by 56 paisas against the Dollar in the interbank trading on Wednesday and closed at Rs 287.85 against the previous day’s closing of Rs 287.29.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 289.5 and Rs 292 respectively.
The price of the Euro increased by Rs 2.17 which closed at Rs 315.60 against the last day’s closing of Rs313.43, according to the State Bank of Pakistan (SBP).
The Japanese Yen gained 02 paisas to close at Rs 2.18; whereas an increase of Rs 2.67 was witnessed in the exchange rate of the British Pound, which traded at Rs 360.00 as compared to its last day’s closing of Rs 357.33.
