Rupee gains 11 paisa against dollar


Pakistan Stock Exchange loses 40.47 points

The Pakistan rupee gained 11 paisa against the dollar in the interbank trading on Tuesday and closed at Rs 283.92 against the previous day’s closing of Rs 284.03

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 283.7 and Rs 286.5 respectively.

The price of the Euro increased by Rs 2.04 and closed at Rs 304.87 against the last day’s closing of Rs 302.83, according to the State Bank of Pakistan (SBP).

The Japanese Yen decreased by 02 paisa to close at Rs 2.14, whereas a surge of Rs 1.45 was witnessed in the exchange rate of the British Pound, which was traded at Rs 347.74 as compared to its last day’s closing of Rs 346.29.

The exchange rates of the Emirates Dirham decreased by 03 paisa to close at Rs 77.30 and Saudi Riyal went down by 05 paisa each to close at Rs 75.56.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) declined by 40.47 points on Tuesday, showing a negative change of 0.10 per cent, closing at 40,877.98 points against 40,918.45 points the previous day.

A total of 142,804,015 shares were traded during the day as compared to 195,477,553 shares the previous day, whereas the price of shares stood at Rs. 4.177 billion against Rs. 5.007 billion on the last trading day.

As many as 334 companies transacted their shares in the stock market; 146 of them recorded gains and 165 sustained losses, whereas the share price of 23 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 6,046,419 shares at Rs.1.22 per share; Cnergyico PK with 4,848,036 shares at Rs.3.73 per share and Unity Food Ltd with 4,691,640 shares at Rs.14.12 per share.

Rafhan Maize witnessed a maximum increase of Rs.200.00 per share price, closing at Rs.8000.00, whereas the runner-up was Nestle Pakistan with an Rs.66.00 rise in its per share price to Rs.5181.00.

Pak Services witnessed a maximum decrease of Rs.104.10 per share closing at Rs.1283.90; followed by Sapphire Fiber with Rs.71.70 decline to close at Rs.888.18.