Rupee gains Rs 2.10 against US dollar Pakistan Stock Exchange loses 566 points


The exchange rate of the Pakistani rupee strengthened by Rs 2.10 against the US dollar in the interbank trading on Tuesday and closed at Rs 267.34 against the previous day’s closing of Rs 269.44.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs. 271 and Rs. 274 respectively.

The price of the euro depreciated by 42 paisa and closed at Rs 286.99 against the previous day’s closing of Rs 287.41, according to the State Bank of Pakistan (SBP).

The Japanese yen lost one paisa to close at Rs 2.03, whereas an increase of 47 paisa was witnessed in the exchange rate of the British pound, which was traded at Rs 324.80 as compared to its last closing of Rs 324.33.

The exchange rates of the Emirates dirham and Saudi riyal increased by 57 paisa each to close at Rs 72.78 and Rs 71.24 respectively. Meanwhile, the 100-index of the Pakistan Stock Exchange lost 566.79 points on Tuesday, a negative change of 1.36 percent, closing at 41,150.16 points against 41,716.95 points the previous day.

A total of 187,532,224 shares were traded during the day as compared to 192,412,200 shares the previous day, whereas the price of shares stood at Rs.7.858 billion against Rs. 7.661 billion on the last trading day.

As many as 316 companies transacted their shares in the stock market; 79 of them recorded gains and 208 sustained losses, whereas the share price of 29 companies remained unchanged.

The three top-trading companies were Sui North Gas with 16,099,686 shares at Rs 44.03 per share; WorldCall Telecom with 14,918,645 shares at Rs 1.23 per share, and Oil & Gas Dev with 12,752,194 shares at Rs.93.94 per share.

Rafhan Maize witnessed a maximum increase of Rs.382.50 per share price, closing at Rs.8,450.00, whereas the runner-up was Goodluck Ind. with a Rs. 50.00 rise in its per share price to Rs.900.00.

Unilever Foods witnessed a maximum decrease of Rs 1,499.50 per share closing at Rs.21,000.50; followed by Nestle Pakistan with Rs.51.00 decline to close at Rs.5,399.00.