Rupee gains 12 paisa against dollar
The 100-index of the Pakistan Stock Exchange on Monday witnessed a bullish trend gaining 230.85 points, with a positive change of 0.56 per cent, closing at 41,718.43 against 41,487.58 points on the previous day.
A total of 109,172,310 shares valuing Rs 3.370 billion were traded during the day as compared to 89,474,706 shares valuing Rs 3.401 billion the previous day.
As many as 306 companies transacted their shares in the stock market;142 of them recorded gains and 135 sustained losses, whereas the share price of 29 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 16,946,710 shares at Rs 1.16 per share, Telecard Limited with 11,162,667 shares at Rs 7.30 per share, and Hum Network with 7,501,000 shares at Rs 5.89 per share.
Sapphire Fiber witnessed a maximum increase of Rs 80.01 per share price, closing at Rs 1159.00, whereas the runner-up was Blessed Tex. with a Rs 24.30 rise in its per share price to Rs 349.30.
Bhanero Tex witnessed a maximum decrease of Rs 79.00 per share closing at Rs 981.00, followed by Reliance Cotton with a Rs 45.00 decline to close at Rs 555.00.
Meanwhile, Pakistani rupee gained 12 paisas against the United States Dollar (USD) in the interbank trading on Monday and closed at Rs 284.96 against the previous day’s closing of Rs 285.08.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 293 and Rs 297, respectively.
The price of the Euro decreased by Rs 1.23 to close at Rs309.72 against the last day’s closing of Rs310.95, according to the State Bank of Pakistan (SBP).
The Japanese Yen declined by 02 paisas to close at Rs 2.09, whereas a decrease of Rs1.2 was witnessed in the exchange rate of the British Pound, which traded at Rs355.76 as compared to its last day’s closing of Rs356.96.
The exchange rate of the Emirates Dirham and the Saudi Riyal went down by 03 paisas each to close at Rs77.60 and Rs75.98, respectively.