Rupee gets 96 paisa against dollar PSX loses 329 points


The Pakistan rupee appreciated by 96 paisas against the dollar in the interbank trading on Thursday and closed at Rs 260.93 against the previous day’s closing of Rs 261.89.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 266.8 and Rs 269.5 respectively.

The price of Euro decreased by Rs 2.05 and closed at Rs 277 against the last day’s closing of Rs 279.05, according to the State Bank of Pakistan (SBP).

The Japanese Yen lost one paisa to close at Rs 1.93, whereas a decrease of Rs 2.27 was witnessed in the exchange rate of the British Pound, which was traded at Rs 314.70 as compared to its last day’s closing of Rs 316.97.

The exchange rates of Emirates Dirham and Saudi Riyal decreased by 26 paisas each to close at Rs 71.04 and Rs 69.55 respectively.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Thursday, losing 329.09 points, a negative change of 0.80 percent, closing at 40,838.51 points against 41,167.60 points the previous day.

A total of 150,264,321 shares were traded during the day as compared to 196,543,047 shares the previous day, whereas the price of shares stood at Rs.5.772 billion against Rs.6.413 billion on the last trading day.

As many as 319 companies transacted their shares in the stock market; 75 of them recorded gains and 220 sustained losses, whereas the share price of 24 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 14,163,476 shares at Rs 1.25 per share; Maple Leaf with 10,480,725 shares at Rs.23.78 per share, and Kot Addu Power with 9,688,154 shares at Rs.28.91 per share.

Goodluck Ind. witnessed a maximum increase of Rs.50.00 per share price, closing at Rs.1,000.00, whereas the runner-up was Khyber Tobacco with a Rs. 27.53 rise in its per share price to Rs.394.65.

Bhanero Tex witnessed a maximum decrease of Rs.78.84 per share closing at Rs.1,100.01; followed by Reliance Cotton with Rs.45.00 decline to close at Rs.600.00.