PSX turns around, gains 58.74 points

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PKR falls by Rs2 in interbank

The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday to bullish trend, gaining 58.74 points, a positive change of 0.14 percent, closing at 41,824.79 against 41,766.05 points on the last working day.

A total of 108,704,671 shares were traded during the day compared to 92,938,446 shares the previous day, whereas the price of shares stood at Rs. 4.391 billion against Rs. 3.156 billion on the last trading day.

As many as 320 companies transacted their shares in the stock market, 145 of them recorded gain and 151 sustained losses, whereas the share price of 24 companies remained unchanged.

The three top trading companies were Maple Leaf with 8,407,442 shares at Rs 28.65 per share, Lotte Chemical with 6,734,169 shares at Rs 30.11 per share and Hascol Petrol with 5,514,500 shares at Rs 6.97 per share.

Gatron Industries witnessed a maximum increase of Rs.28.91 per share price, closing at Rs.428.90 whereas the runner up was Thal Ind Corp with Rs 16.13 rise in per share price to Rs.275.

Meanwhile, the rupee lost Rs2 in the interbank market on Thursday, data shared by the State Bank of Pakistan (SBP) showed.

The rupee closed at Rs225.42 per dollar, a depreciation of 0.89 per cent. The previous session also saw the dollar gain against the rupee by Rs2.

FAP Chairman Malik Bostan said the dollar had been strengthening globally, having gained against 40 currencies for weeks, and its impact was being seen in Pakistan’s currency market as well.

 

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