Rupee gains Rs1.67 against dollar
The 100-index of the Pakistan Stock Exchange witnessed a bullish trend on Thursday, gaining 79.49 points, with a positive change of 0.20 percent, closing at 40,205.54 against 40,126.05 points on the previous day.
A total of 89,187,909 shares were traded during the day as compared to 79,825,518 shares the previous day, whereas the price of shares stood at Rs 2.766 billion against Rs 2.569 billion on the last trading day.
As many as 333 companies transacted their shares in the stock market; 152 of them recorded gains and 154 sustained losses, whereas the share price of 27 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 7,777,551 shares at Rs 1.17 per share, K-Electric with 4,220,989 shares at Rs 1.98 per share, and Pak Petroleum with 3,957,408 shares at Rs 67.22 per share.
Nestle Pakistan XD witnessed a maximum increase of Rs 80.15 per share price, closing at Rs 5145.25, whereas the runner-up was Khyber Textile with a Rs 29.99 rise in its per share price to Rs 1760.00.
Pak Services witnessed a maximum decrease of Rs 25.45 per share closing at Rs 800.10, followed by Towellers Limited with a Rs 23.60 decline to close at Rs 291.16.
Meanwhile, Pakistan rupee appreciated by Rs1.67 against the Dollar in the interbank trading on Thursday and closed at Rs 284.90 against the previous day’s closing of Rs 286.61
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 290 and Rs 292, respectively.
The price of the Euro decreased by 33 paisas to close at Rs 313.34 against the last day’s closing of Rs 313.01, according to the State Bank of Pakistan (SBP).
The Japanese Yen remained unchanged and stood at Rs 2.14; whereas a decline of 14 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs356.09 as compared to its last day’s closing of Rs 355.95.
The exchange rate of the Emirates Dirham and Saudi Riyal dipped by 46 paisas each to close at Rs 77.58 and Rs 75.94, respectively.
