Rupee sheds Rs 2.44 against dollar
The 100-index of the Pakistan Stock Exchange (PSX) declined by 213.75 points on Monday, showing a negative change of 0.53 percent, closing at 39,835.90 points against 40,049.65 points the previous day.
A total of 105,892,904 shares were traded during the day as compared to 135,135,452 shares the previous day, whereas the price of shares stood at Rs 1.835 billion against Rs 3.201 billion on the last trading day.
As many as 341 companies transacted their shares in the stock market; 134 of them recorded gains and 186 sustained losses, whereas the share price of 21 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 34,131,174 shares at Rs 1.19 per share, JS Bank Ltd. with 10,396,500 shares at Rs 4.46 per share, and K-Electric with 5,622,178 shares at Rs 2.01 per share.
Khyber Textile witnessed a maximum increase of Rs 39.80 per share price, closing at Rs 570.52, whereas the runner-up was Murree Brewery with a Rs 14.85 rise in its per share price to Rs 334.85.
Sapphire Fiber witnessed a maximum decrease of Rs 75.55 per share closing at Rs 942.33, followed by Pak Services with a Rs 66.06 decline to close at Rs 825.55.
Meanwhile, Pakistan rupee weakened by Rs 2.44 against the Dollar in the interbank trading on Monday and closed at Rs 287.08 against the previous day’s closing of Rs 284.64.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 288.25 and Rs 291 respectively.
The price of the Euro appreciated by Rs 2.37 to close at Rs 313.15 against the last day’s closing of Rs310.78, according to the State Bank of Pakistan (SBP).
The Japanese Yen gained 02 paisas to close at Rs 2.17; whereas an increase of Rs2.31 was witnessed in the exchange rate of the British Pound, which traded at Rs 356.47 as compared to its last day’s closing of Rs354.16.
The exchange rate of the Emirates Dirham and Saudi Riyal rose by 66 paisas each to close at Rs 78.17 and Rs 76.52 respectively.
