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Pakistan Stock Exchange gains 49 points

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The 100-index of the Pakistan Stock Exchange (PSX) on Monday gained 49.67 points, a positive change of 0.11 percent, closing at 45,803.19 points against 45,753.52 points the previous trading day.

A total of 103,494,874 shares valuing Rs 3.296 billion were traded during the day as compared to 222,531,077 shares valuing Rs.11.056 billion on the last trading day.

As many as 308 companies transacted their shares in the stock market; 133 of them recorded gains and 145 sustained losses, whereas the share price of 30 companies remained unchanged.

The three top-trading companies were Pak Refinery with 7,869,080 shares at Rs 14.78 per share; SEARLR2 with 7,346,312 shares at Rs 1.02 per share and Agritech Limited with 6,297,000 shares at Rs 8.25 per share.

Khyber Tobacco witnessed a maximum increase of Rs 24.98 per share price, closing at Rs 375.32, whereas the runner-up was Mari Petroleum XD with Rs.18.60 rise in its per share price to Rs 1,550.40.

Mehmood Textile witnessed a maximum decrease of Rs.43.53 per share closing at Rs 536.97, followed by Nestle Pakistan with Rs.22.50 decline to close at Rs.7,000.00. Meanwhile Pakistani Rupee on Monday witnessed the 10th consecutive recovery session as it gained 90 paisa against the US dollar in the interbank trading and closed at Rs 295.94 against the previous day’s closing of Rs 296.84.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 296.1 and Rs 299 respectively.

The price of the Euro decreased by 76 paisa to close at Rs 315.62 against the last day’s closing of Rs 316.38, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs 2, whereas a decrease of Rs 2.52 was witnessed in the exchange rate of the British Pound, which traded at Rs 366.41 as compared to the last closing of Rs 368.93.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 25 paisa each to close at Rs 80.57 and Rs 78.89 respectively.

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