PSX turns around, gains 1.06 point

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PKR falls by Rs1.56 in interbank market

The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday, gain1.06 point, closing at 41,860.36 points against 41,859.30 points on the last working day.

A total of 187,263,407 shares were traded during the day compared to the trade of 156,803,627 shares the previous day, whereas the price of shares stood at Rs 4.017 billion against Rs 4.368 billion on last trading day.

As many as 357 companies’ transacted shares in the stock market, 155 of them recorded gain and 176 sustained losses, whereas the share price of 26 companies remained unchanged.

The rupee extended its losses for the second consecutive session this week, falling by Rs1.56 against the dollar in the interbank market on Tuesday.

Data shared by the State Bank of Pakistan showed the local currency closed at Rs221.42 per dollar after depreciating 0.7 per cent.

Separately, the PKR was being traded at Rs232 per dollar in the open market around 4pm, according to the Forex Association of Pakistan (FAP).

 

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