Pakistan Stock Exchange loses 412.49 points


Rupee sheds 26 paisas against dollar

The 100-index of the Pakistan Stock Exchange (PSX) declined by 412.49 points on Monday, showing a negative change of 0.98 percent, closing at 41,829.49 points against 42,241.98 points the previous day.

A total of 179,050,431 shares were traded during the day as compared to 178,164,179 shares the previous day, whereas the price of shares stood at Rs 4.761 billion against Rs 5.768 billion on the last trading day.

As many as 365 companies transacted their shares in the stock market; 92 of them recorded gains and 247 sustained losses, whereas the share price of 26 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 20,924,808 shares at Rs 1.20 per share,TPL Properties with 19,753,354 shares at Rs 13.30 per share, and Pak Refinery with 11,367,786 shares at Rs 14.16 per share.

Bhanero Tex. witnessed a maximum increase of Rs 56.50 per share price, closing at Rs 1200.00, whereas the runner-up was Pak Tobacco with a Rs 30.30 rise in its per share price to Rs 691.00.

Unilever Foods witnessed a maximum decrease of Rs 1137.88 per share closing at Rs 20999.62, followed by Nestle Pakistan with a Rs 113.28 decline to close at Rs 5776.72.

Meanwhile, Pakistani rupee witnessed 26 paisas evaluation against the dollar in the interbank trading on Monday as it closed at Rs 283.85 against the previous day’s closing of Rs283.59.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 285 and Rs 288, respectively.

The price of the Euro increased by 94 paisas to close at Rs 313.65 against the last day’s closing of Rs 312.71, according to the State Bank of Pakistan (SBP).

The Japanese Yen lost 01 paisa to close at Rs 2.10, whereas an increase of Rs 1.40 was witnessed in the exchange rate of the British Pound, which traded at Rs 358.80 as compared to its last day’s closing of Rs 357.40.

The exchange rate of the Emirates Dirham and the Saudi Riyal went up by 07 paisas each to close at Rs 77.29 and Rs 75.68, respectively.