Pakistan Stock Exchange gains 633.74 points
Pakistan rupee strengthened by Rs3.43 against the dollar in the interbank trading on Thursday and closed at Rs 284.42 against the previous day’s closing of Rs 287.85.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollars in the open market were recorded at Rs 289.5 and Rs 292 respectively.
The price of the Euro decreased by Rs5.29 which closed at Rs 310.31 against the last day’s closing of Rs315.60, according to the State Bank of Pakistan (SBP).
The Japanese Yen decreased by 02 paisas to close at Rs 2.16; whereas a decrease of Rs 5.26 was witnessed in the exchange rate of the British Pound, which traded at Rs 354.744 as compared to its last day’s closing of Rs 360.00.
The exchange rate of the Emirates Dirham and Saudi Riyal decreased by 93 paisas each to close at Rs 78.37 and Rs 76.74 respectively.
Meanwhile, The 100-index of the Pakistan Stock Exchange witnessed a bullish trend on Thursday, gaining 633.74 points, with a positive change of 1.52 per cent, closing at 40,350.89 against 39,717.15 points on the previous day.
A total of 171,360,309 shares were traded during the day as compared to 86,723,163 shares the previous day, whereas the price of shares stood at Rs 5.130 billion against Rs 2.435 billion on the last trading day.
As many as 354 companies transacted their shares in the stock market; 253 of them recorded gains and 79 sustained losses, whereas the share price of 22 companies remained unchanged.
The three top-trading companies were Silk Bank Ltd. with 21,288,500 shares at Rs 1.11 per share, Pak Petroleum with 13,574,497 shares at Rs 67.88 per share, and Telecard Limited with 10,980,500 shares at Rs 8.13 per share.
Nestle Pakistan XD witnessed a maximum increase of Rs 168.20 per share price, closing at Rs 5198.20, whereas the runner-up was Sapphire Fiber with a Rs 47.90 rise in its per share price to Rs 990.00.
Reliance Cotton witnessed a maximum decrease of Rs 40.00 per share closing at Rs 600.00, followed by Philip Morris Pak. with a Rs 15.65 decline to close at Rs 328.37.
