Pakistan Stock Exchange loses 179 points
The Pakistan rupee recovered 43 paisa against the dollar in the interbank trading on Thursday and closed at Rs 282.42 against the previous day’s closing of Rs 282.85.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 283.5 and Rs 286.5 respectively.
The price of the Euro decreased by Rs 3.49 and closed at Rs 300.12 against the last day’s closing of Rs 303.61, according to the State Bank of Pakistan (SBP).
The Japanese Yen increased by 03 paisa to close at Rs 2.12, whereas a decrease of Rs 2.08 was witnessed in the exchange rate of the British Pound, which was traded at Rs 341.81 as compared to its last day’s closing of Rs 343.89.
The exchange rates of the Emirates Dirham and Saudi Riyal went decreased by 12 paisa each to close at Rs 76.89 and at Rs 75.18 respectively.Meanwhile, The 100-index of the Pakistan Stock Exchange (PSX) declined by 179.95 points on Thursday, showing a negative change of 0.43 per cent, closing at 41,694.09 points against 41,874.04 points the previous day.
A total of 234,696,217 shares were traded during the day as compared to 233,271,322 shares the previous day, whereas the price of shares stood at Rs.7.462 billion against Rs. 8.441 billion on the last trading day. As many as 341 companies transacted their shares in the stock market; 186 of them recorded gains and 128 sustained losses, whereas the share price of 27 companies remained unchanged.
The three top-trading companies were Telecard Limited with 14,286,000 shares at Rs.8.27 per share; Ghani Glo Hol with 11,906,682 shares at Rs.12.35 per share and Maple Leaf with 11,817,956 shares at Rs.27.02 per share.
JDW Sugar witnessed a maximum increase of Rs.24.76 per share price, closing at Rs.356.09, whereas the runner-up was Archroma Pak with an Rs.20.00 rise in its per share price to Rs.445.00.
Nestle Pakistan witnessed a maximum decrease of Rs.180.00 per share closing at Rs.5,115.00; followed by Pak Services with Rs.129.03 decline to close at Rs.1,591.47.
