Pakistan Stock Exchange loses 87.65 points
Pakistani rupee gained Rs1.39 against the US Dollar (USD) in the interbank trading on Thursday and closed at Rs285.74 against the previous day’s closing of Rs287.13.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs309 and Rs312, respectively.
The price of the Euro decreased by Rs2.87 to close at Rs 306.64 against the last day’s closing of Rs309.51, according to the State Bank of Pakistan (SBP).
The Japanese Yen came down by 03 paisas and closed at Rs2.04, whereas a decrease of Rs3.11 was witnessed in the exchange rate of the British Pound, which traded at Rs353.66 as compared to its last day’s closing of Rs356.77.
The exchange rate of the Emirates Dirham and the Saudi Riyal declined by 38 paisas and 37 paisas to close at Rs77.81 and Rs76.19; respectively.
Meanwhile the 100-index of the Pakistan Stock Exchange (PSX) on Thursday witnessed a bearish trend losing 87.65 points, with a negative change of 0.21 per cent, closing at 41,029.68 against 41,117.33 points on the previous day.
A total of 125,344,925 shares valuing Rs 4.059 billion were traded during the day as compared to 105,572,761 shares valuing Rs 2.576 billion the previous day.
As many as 320 companies transacted their shares in the stock market; 109 of them recorded gains and 181 sustained losses, whereas the share price of 30 companies remained unchanged.
The three top-trading companies were Gul Ahmed with 10,735,237 shares at Rs 22.93 per share, Pak Refinery with 8,370,529 shares at Rs 14.10 per share, and WorldCall Telecom with 8,105,061 shares at Rs 1.10 per share.
Blessed Tex. witnessed a maximum increase of Rs 27.75 per share price, closing at Rs 397.75, whereas the runner-up was Faisal Spinning with a Rs 25.17 rise in its per share price to Rs 375.17.
Bata (Pak) witnessed a maximum decrease of Rs 73.67 per share closing at Rs 1606.33, followed by Service Ind. Ltd with a Rs 13.32 decline to close at Rs 246.33.
