Bullish trend continued at the Pakistan Stock Exchange on Wednesday as the 100-index gained 534.04 points, a positive change of 1.11 percent, closing at 48,764.55 points against 48,230.51 points the previous trading day.
A total of 556,141,485 shares were traded during the day as compared to 556,930,694 shares the previous day, whereas the price of shares stood at Rs 19.989 billion against Rs 15.946 billion on the last trading day.
As many as 353 companies transacted their shares in the stock market; 194 of them recorded gains and 128 sustained losses, whereas the share price of 31 companies remained unchanged.
The three top-trading companies were Cnergyico PK with 92,895,571 shares at Rs 3.75 per share; Bank of Punjab with 46,991,000 shares at Rs.4.82 per share and Pak Refinery with 31,345,365 shares at Rs 18.40 per share.
Nestle Pakistan witnessed a maximum increase of Rs 150.00 per share price, closing at Rs7,150.00 whereas the runner-up was Sapphire Tex with an Rs 39.88 rise in its per share price to Rs 1,164.87.
Blessed Tex witnessed a maximum decrease of Rs 27.74 per share closing at Rs 342.24, followed by Philip Morris Pak with Rs 12.50 decline to close at Rs 430.00.
Meanwhile, Pakistani Rupee on Wednesday weakened by Rs1.84 against the US Dollar in the interbank trading as it closed at Rs 289.38 against the previous day’s closing of Rs 287.54.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market stood at Rs 289 and Rs 292 respectively.
The price of the Euro increased by Rs 2.71 to close at Rs 317.71 against the last day’s closing of Rs 315.77, according to the State Bank of Pakistan (SBP).
The Japanese Yen gained 02 paisa to close at Rs 2.03, whereas an increase of Rs 1.84 was witnessed in the exchange rate of the British Pound, which traded at Rs 370.06 as compared to its last day’s closing of Rs 368.22.
The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 50 and 49 paisa to close at Rs 78.78 and Rs 77.12 respectively.
