Rupee gathers 07 paisa against dollar
The 100-index of the Pakistan Stock Exchange on Monday gained 76.37 points, a slight positive change of 0.19 per cent, closing at 40,784.13 points against 40,707.76 points the previous day.
A total of 158,084,396 shares were traded during the day as compared to 153,441,220 shares the previous day, whereas the price of shares stood at Rs. 5.718 billion against Rs. 4.958 billion on the last trading day.
As many as 331 companies transacted their shares in the stock market; 135 of them recorded gains and 173 sustained losses, whereas the share price of 23 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 39,568,060 shares at Rs.1.33 per share; Hub Power Company with 22,665,002 shares at Rs. 70.61 per share, and TPL Properties with 11,954,113 shares at Rs. 15.32 per share.
Unilever Foods witnessed a maximum increase of Rs. 1,430.00 per share price, closing at Rs. 20,957.50, whereas the runner-up was Pak Services with an Rs.95.00 rise in its per share price to Rs. 1,965.00.00.
Bata (Pak) witnessed a maximum decrease of Rs. 106.90 per share closing at Rs. 51,810.00; followed by Pak Tobacco with Rs. 31.24 decline to close at Rs.720.01. Meanwhile, the Pakistan rupee appreciated by 07 paisa against the dollar in the interbank trading on Monday and closed at Rs 259.92 against the previous day’s closing of Rs 259.99.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 263.3 and Rs 266 respectively.
The price of Euro decreased by 97 paisa and closed at Rs 274.29 against the last day’s closing of Rs 275.26, according to the State Bank of Pakistan (SBP).
The Japanese Yen lost two paisa to close at Rs 1.90, whereas a decrease of Rs 1.88 was witnessed in the exchange rate of the British Pound, which was traded at Rs 310.78 as compared to its last day’s closing of Rs 312.56.
The exchange rates of Emirates Dirham and Saudi Riyal decreased by 02 paisa each to close at Rs 70.76 and Rs 69.27 respectively.