Rupee appreciates against dollar
The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Wednesday, gaining 321.34 points, with a positive change of 0.81 percent, closing at 40,126.05 against 39,804.71 points on the previous day.
A total of 79,825,518 shares were traded during the day as compared to 59,669,253 shares the previous day, whereas the price of shares stood at Rs 2.569 billion against Rs 1.370 billion on the last trading day.
As many as 361 companies transacted their shares in the stock market; 189 of them recorded gains and 148 sustained losses, whereas the share price of 24 companies remained unchanged.
The three top-trading companies were K-Electric with 8,382,038 shares at Rs 2.00 per share, WorldCall Telecom with 4,108,936 shares at Rs 1.17 per share, and Pak Petroleum with 3,773,429 shares at Rs 66.98 per share.
Sapphire Fiber witnessed a maximum increase of Rs 67.50 per share price, closing at Rs 967.60, whereas the runner-up was Khyber Textile with a Rs 40.00 rise in its per share price to Rs 650.00.
Unilever Foods witnessed a maximum decrease of Rs 100.00 per share closing at Rs 18300.00, followed by Sapphire tex. with a Rs 88.83 decline to close at Rs 1099.00.
Meanwhile, Pakistan rupee appreciated by Rs1.81 against the Dollar in the interbank trading on Wednesday and closed at Rs 286.61 against the previous day’s closing of Rs 288.42.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 292 and Rs 295 respectively.
The price of the Euro decreased by Rs 1.28 to close at Rs 313.01 against the last day’s closing of Rs314.29, according to the State Bank of Pakistan (SBP).
The Japanese Yen went down by 02 paisas to close at Rs 2.14; whereas a decline of Rs 2.44 was witnessed in the exchange rate of the British Pound, which traded at Rs355.95 as compared to its last day’s closing of Rs 358.39.
