Rupee plunges by Rs 4.61 against dollar PSX loses 97 points


The Pakistan rupee depreciated by Rs 4.61 against the dollar in the interbank trading on Wednesday and closed at Rs 266.11 against the previous day’s closing of Rs 261.50.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 267 and Rs 269.6 respectively.

The price of Euro increased by Rs 5.82 and closed at Rs 283.08 against the last day’s closing of Rs 277.22, according to the State Bank of Pakistan (SBP).

The Japanese Yen gained 04 paisa to close at Rs 1.95, whereas an increase of Rs 6.69 was witnessed in the exchange rate of the British Pound, which was traded at Rs 321.52 as compared to its last day’s closing of Rs 314.83.

The exchange rates of Emirates Dirham and Saudi Riyal increased by Rs 1.26 and Rs 1.23 to close at Rs 72.45 and Rs 70.90 respectively.Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) lost 97.60 percent on Wednesday, a slight negative change of 0.24 per cent, closing at 40,412.77 points against 40,510.37 points the previous day.

A total of 167,399,748 shares were traded during the day as compared to 126,319,112 shares the previous day, whereas the price of shares stood at Rs.9.282 billion against Rs.5.648 billion on the last trading day.

As many as 320 companies transacted their shares in the stock market; 110 of them recorded gains and 178 sustained losses, whereas the share price of 32 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 20,211,767 shares at Rs.1.31 per share; Hub Power Co. with 7,963,118 shares at Rs.70.48 per share, and Maple Leaf with 7,500,828 shares at Rs.24.22 per share.

Unilever Foods witnessed a maximum increase of Rs.498.00 per share price, closing at Rs.22,998.00, whereas the runner-up was Nestle Pakistan with an Rs.224.00 rise in its per share price to Rs.2,464.00.

Premium Tex witnessed a maximum decrease of Rs.42.82 per share closing at Rs.528.18; followed by Sanofi-Aventis with Rs.39.00 decline to close at Rs.681.00.