Pakistan Stock Exchange loses 273 points


Rupee sheds Rs 1.58 against dollar

The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 273.76 points, a negative change of 0.67 per cent, closing at 40,510.37 points against 40,784.13 points the previous day.

A total of 126,319,112 shares were traded during the day as compared to 158,084,396 shares the previous day, whereas the price of shares stood at Rs.5.648 billion against Rs.5.718 billion on the last trading day.

As many as 334 companies transacted their shares in the stock market; 82 of them recorded gains and 234 sustained losses, whereas the share price of 18 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 18,527,406 shares at Rs.1.29 per share; Oil and Gas Dev. with 5,333,028 shares at Rs.82.62 per share, and TPL Properties with 4,479,369 shares at Rs.14.93 per share.

Unilever Foods witnessed a maximum increase of Rs.1,542.50 per share price, closing at Rs.22,500.00, whereas the runner-up was Pak Services with an Rs.130.00 rise in its per share price to Rs.2,095.00.

Rafhan Maize witnessed a maximum decrease of Rs.288.00 per share closing at Rs. 8,700.00; followed by Sapphire Tex. with Rs.78.46 decline to close at Rs.1,006.00. Meanwhile, the Pakistan rupee depreciated by Rs 1.58 against the dollar in the interbank trading on Tuesday and closed at Rs 261.50 against the previous day’s closing of Rs 259.92.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 263.8 and Rs 266.5 respectively.

The price of Euro increased by Rs 2.93 and closed at Rs 277.22 against the last day’s closing of Rs 274.29, according to the State Bank of Pakistan (SBP).

The Japanese Yen gained one paisa to close at Rs 1.91, whereas an increase of Rs 4.05 was witnessed in the exchange rate of the British Pound, which was traded at Rs 314.83 as compared to its last day’s closing of Rs 310.78.

The exchange rates of Emirates Dirham and Saudi Riyal increased by 43 paisa and 40 paisa to close at Rs 71.19 and Rs 69.67 respectively.