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Pakistan Stock Exchange loses 24 points Rupee sheds 16 paisa against US dollar

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The 100-index of the Pakistan Stock Exchange shed 24.83 points on Monday, a nominal negative change of 0.06 percent, closing at 41,716.95 points against 41,741.78 points the previous day.

A total of 192,412,200 shares were traded during the day as compared to 281,894,248 shares the previous day, whereas the price of shares stood at Rs.7.661 billion against Rs. 14.709 billion on the last trading day.

As many as 318 companies transacted their shares in the stock market; 150 of them recorded gains and 148 sustained losses, whereas the share price of 20 companies remained unchanged.

The three top-trading companies were Sui South Gas with 22,253,124 shares at Rs 12.17 per share; WorldCall Telecom with 16,385,161 shares at Rs 1.27 per share, and Oil & Gas Dev with 15,131,425 shares at Rs 98.80 per share.

Sapphire Tex witnessed a maximum increase of Rs.73.37 per share price, closing at Rs.1,099.99, whereas the runner-up was Goodluck Ind. with a Rs. 52.45 rise in its per share price to Rs.850.00.

Nestle Pakistan witnessed a maximum decrease of Rs 17.28 per share closing at Rs.530.04; followed by Systems Limited with Rs 13.19 decline to close at Rs 672.39.

Meanwhile, the exchange rate of the Pakistani rupee weakened by 16 paisa against the US dollar in the interbank trading on Monday and closed at Rs 269.44 against the previous day’s closing of Rs 269.28.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs. 271 and Rs. 274 respectively.

The price of the euro depreciated by Rs 1.82 and closed at Rs 287.41 against the previous day’s closing of Rs 289.23, according to the State Bank of Pakistan (SBP).

The Japanese yen lost three paisa to close at Rs 2.03, whereas a decrease of Rs 1.82 was witnessed in the exchange rate of the British pound, which was traded at Rs 324.33 as compared to its last closing of Rs 326.15.

The exchange rates of the Emirates dirham and Saudi riyal increased by 05 paisa each to close at Rs 73.35 and Rs 71.80 respectively.

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