Rupee gains against dollar in interbank market
The Karachi Stock Exchange (KSE) 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 112.95 points, a negative change of 0.27 percent, closing at 41,765.62 points against 41,878.57 points on the last working day.
A total of 257,163,743 shares were traded during the day compared to the trade of 247,901,404 shares the previous day, whereas the price of shares stood at Rs 7.708 billion against Rs 7.378 billion on last trading day.
As many as 331 companies transacted shares in the stock market, 123 of them recorded gain and 192 sustained losses, whereas the share price of 16 companies remained unchanged.
The three top trading companies were K-Electric Ltd with a volume of 28,048,000 shares and price per share of Rs 3.13, Oilboy Energy (R ) with volume of 23,897,500 and price per share of Rs 0.04 and WorldCall Telecom with volume of 17,069,500 and price per share of Rs 1.39.
Nestle Pakistan witnessed a maximum increase of Rs 290 per share, closing at Rs 5,990 whereas the runner up was Bata (Pak), the share prices of which climbed up by Rs 155.10 to Rs 2,288.
Siemens Pak witnessed maximum decrease of Rs 30.01 per share closing at Rs 649.99 followed by Mari Petroleum, the share price of which declined by Rs 21.48 to close at Rs 1,769.49.
The Pakistani rupee extended gains against the US dollar in the interbank market on Tuesday.
According to State Bank of Pakistan (SBP), the local currency closed at 206.87 after appreciating Rs1.07 against the greenback in interbank
In the open market, however, the greenback is sold between Rs207 to Rs209.
