Pakistan Stock Exchange gains 364.33 points


Rupee sheds 52 paisa against dollar

The 100-index of the Pakistan Stock Exchange witnessed a bullish trend on Thursday, gaining 364.33 points, with a positive change of 0.89 per cent, closing at 41,463.91 against 41,099.58 points on the previous day.

A total of 169,105,056 shares were traded during the day as compared to 186,900,702 shares the previous day, whereas the price of shares stood at Rs 6.248 billion against Rs 5.781 billion on the last trading day.

As many as 353 companies transacted their shares in the stock market; 178 of them recorded gains and 148 sustained losses, whereas the share price of 27 companies remained unchanged.

The three top-trading companies were Bank Al-Falah with 14,264,424 shares at Rs 29.46 per share, Maple Leaf with 7,275,458 shares at Rs 27.61 per share, and Pak Refinery with 6,884,986 shares at Rs 13.91 per share.

Nestle Pakistan XD witnessed a maximum increase of Rs 133.98 per share price, closing at Rs 5333.98, whereas the runner-up was Sapphire Fiber with a Rs 72.78 rise in its per share price to Rs 1043.29.

Premium Tex witnessed a maximum decrease of Rs 31.46 per share closing at Rs 443.53, followed by Towellers Ltd. with a Rs 16.75 decline to close at Rs 206.66. Meanwhile, Pakistani rupee weakened by 52 paisas against the Dollar in the interbank trading on Thursday as it closed at Rs 283.91 against the previous day’s closing of Rs 283.39.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 288 and Rs 290.3, respectively. The price of the Euro increased by Rs1.36 to close at Rs 313.60 against the last day’s closing of Rs 312.24, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs 2.12; whereas an increase of 94 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 353.84 as compared to its last day’s closing of Rs 352.90.

The exchange rate of the Emirates Dirham and Saudi Riyal went up by 15 paisas each to close at Rs 77.31 and Rs 75.69, respectively.