Pakistan Stock Exchange gains 91.76 points


Rupee gets 7 paisas against dollar

The 100-index of the Pakistan Stock Exchange witnessed a bullish trend on Wednesday, gaining 91.76 points, with a positive change of 0.22 per cent, closing at 41,099.58 against 41,007.82 points on the previous day.

A total of 186,900,702 shares were traded during the day as compared to 173,790,631 shares the previous day, whereas the price of shares stood at Rs 5.781 billion against Rs 5.724 billion on the last trading day.

As many as 332 companies transacted their shares in the stock market; 174 of them recorded gains and 133 sustained losses, whereas the share price of 25 companies remained unchanged.

The three top-trading companies were Pak Refinery with 16,012,179 shares at Rs 14.22 per share, Fauji Food Ltd. with 13,692,805 shares at Rs 6.35 per share, and WorldCall Telecom with 10,382,725 shares at Rs 1.14 per share.

Khyber Textile witnessed a maximum increase of Rs 52.45 per share price, closing at Rs 774.90, whereas the runner-up was Sanofi Aventis with a Rs 40.00 rise in its per share price to Rs 700.00.

Sapphire Fiber witnessed a maximum decrease of Rs 74.02 per share closing at Rs 790.51, followed by JS Global with a Rs 24.33 decline to close at Rs 300.21. Meanwhile, Pakistani rupee gained 07 paisas against the Dollar in the interbank trading on Wednesday as it closed at Rs 283.39 against the previous day’s closing of Rs 283.46.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 287.3 and Rs 289.7, respectively.

The price of the Euro increased by Rs1.64 to close at Rs 312.24 against the last day’s closing of Rs 310.60, according to the State Bank of Pakistan (SBP).

The Japanese Yen surged by 02 paisas and stood at Rs 2.12; whereas an increase of 67 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 352.90 as compared to its last day’s closing of Rs 352.23.

The exchange rate of the Emirates Dirham and Saudi Riyal went down by 02 paisas and 04 paisas; closing at Rs77.16 and Rs 75.54, respectively.