Pakistani Rupee on Wednesday witnessed 12th consecutive recovery session as it gained Rs1.02 against the US dollar in the interbank trading and closed at Rs 293.88 against the previous day’s closing of Rs 294.90.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 293.6 and Rs 296.5 respectively.
The price of the Euro decreased by 99 paisa to close at Rs 314.29 against the last day’s closing of Rs 315.28, according to the State Bank of Pakistan (SBP).
The Japanese Yen came down by 1 paisa to close at Rs 1.98, whereas a decrease of Rs 1.92 was witnessed in the exchange rate of the British Pound, which traded at Rs 363.40 as compared to the last closing of Rs 365.32.
The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 28 paisa each to close at Rs 80.01 and Rs 78.34 respectively.
The 100-index of the Pakistan Stock Exchange (PSX) declined by 20.89 points on Wednesday, showing a negative change of 0.05 per cent, closing at 45,889.58 points against 45,910.47 points the previous day.
A total of 129,372,427 shares were traded during the day as compared to 117,145,448 shares the previous day, whereas the price of shares stood at Rs 3.639 billion against Rs 4.110 billion on the last trading day.
As many as 313 companies transacted their shares in the stock market; 132 of them recorded gains and 160 sustained losses, whereas the share price of 21 companies remained unchanged.
The three top-trading companies were Treet Corp. with 17,803,918 shares at Rs 17.12 per share, SEARLR2 with 15,956,504 shares at Rs 0.25 per share, and Pak Petroleum with 6,149,595 shares at Rs 71.62 per share.
Colgate Palm witnessed a maximum increase of Rs 92.76 per share price, closing at Rs 1405.66, whereas the runner-up was Reliance Cotton with a Rs 25.00 rise in its per share price to Rs 600.00.
Bhanero Tex. witnessed a maximum decrease of Rs 74.25 per share closing at Rs 915.75, followed by Mehmood Tex. with a Rs 36.10 decline to close at Rs 460.60.—APP
