Rupee gains 99 paisa against dollar
Pakistani rupee gained 99 paisas against the Dollar in the interbank trading on Tuesday as it closed at Rs 284.84 against the previous day’s closing of Rs283.85.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 287 and Rs 289.5, respectively.
The price of the Euro decreased by 94 paisas to close at Rs 312.68 against the last day’s closing of Rs 313.65, according to the State Bank of Pakistan (SBP).
The Japanese Yen gained 01 paisa to close at Rs 2.11, whereas a surge of 18 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs 358.98 as compared to its last day’s closing of Rs 358.80.
The exchange rate of the Emirates Dirham and the Saudi Riyal went up by 27 paisas each to close at Rs 77.56 and Rs 75.95, respectively.
Meanwhile, The 100-index of the Pakistan Stock Exchange (PSX) declined by 455.68 points on Tuesday, showing a negative change of 1.09 per cent, closing at 41,373.81 points against 41,829.49 points the previous day.
A total of 203,054,036 shares were traded during the day as compared to 79,050,431 shares the previous day, whereas the price of shares stood at Rs 5.847 billion against Rs 4.761 billion on the last trading day.
As many as 350 companies transacted their shares in the stock market; 82 of them recorded gains and 255 sustained losses, whereas the share price of 13 companies remained unchanged.
The three top-trading companies were WorldCall Telecom with 31,001,582 shares at Rs 1.16 per share, National Bank XD with 10,607,500 shares at Rs 21.08 per share, and K-Electric Ltd with 8,268,206 shares at Rs 1.99 per share.