PSX gains 117 points to close at 43,100

F.P. Report

ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 117.26 points, with a positive change of 0.27 percent, closing at 43,100.71 points against 42,983.45 points on the last working day.
A total of 189,926,559 shares were traded during the day compared to the trade of 187,101,023 shares the previous day, whereas the price of shares stood at Rs3.830 billion against Rs5.084 billion on last trading day.
As many as 321 companies transacted shares in the stock market, 179 of them recorded gain and 107 sustained losses, whereas the share price of 35 companies remained unchanged.
The three top trading companies were K-Electric Ltd with a volume of 19,219,500 shares and price per share of Rs2.58, Silk Bank Ltd with volume of 17,006,500 and price per share of Rs1.28 and Pak Electron with volume of 16,459,000 and price per share of Rs16.05.
Sapphire Fiber witnessed a maximum increase of Rs69.79 per share, closing at Rs1,092.79 whereas the runner up was Colgate Palm, the share prices of which climbed up by Rs41.48 to Rs2,152.
Nestle Pakistan witnessed maximum decrease of Rs19.99 closing at Rs5,780 followed by Rafhan Maize, the share price of which declined by Rs10 to close at Rs9,990.
Rupee extend losses against dollar
Exchange rate of Pak Rupee weakened by 15 paisas against the US Dollar in the interbank trading on Friday and closed at Rs200.14 against the previous day’s closing of Rs199.99. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs200.5 and Rs202 respectively.
The price of Euro was appreciated by Rs1.78 and closed at Rs211.70 against the previous day’s closing of Rs209.92. The Japanese Yen remained unchanged to close at Rs1.56, whereas an increase of Rs2.32 was witnessed in the exchange rate of British Pound, which was traded at Rs249.91 as compared to its last closing of Rs247.59.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 04 paisas to close at Rs54.48 and Rs53.35 respectively.
Gold prices up by Rs350 to Rs138,700 per tola
The price of 24 karat per tola gold witnessed an increase of Rs350 and was sold at Rs138,700 on Friday against its sale at Rs138,350 in the local market.
The price of 10 gram 24 karat gold also increased by Rs300 and was sold at Rs118,913 compared to its sale at Rs118,613 whereas that of 22 karat gold also went up to Rs109,003 against Rs108,728, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs1570 and Rs1346.02 respectively.
The price of gold in international market increased by $13 and was traded at $1843 compared to its sale at $1830, the association reported.