Business

PSX gains 183 points to close at 44,111 points

Written by The Frontier Post

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 183.02 points, with a positive change of 0.42 percent, closing at 44,111.10 points against 43,928.08 points on the last working day.
A total of 108,410,486 shares were traded during the day compared to the trade of 115,644,646 shares the previous day whereas the price of shares stood at Rs4.270 billion against Rs4.584 billion on last trading day.
As many as 324 companies transacted shares in the stock market, 190 of them recorded gain and 104 sustained losses, whereas the share price of 30 companies remained unchanged.
The three top trading companies were Treet Corp with a volume of 13,434,500 shares and price per share of Rs32.71, Telecard Limited with a volume of 11,966,834 and price per share of Rs 14.55 and Engro Polymer with volume of 5,562,174 and price per share of Rs75.15.
Unilever Foods XD witnessed a maximum increase of Rs745.00 per share, closing at Rs24,500 whereas the runner up was Sapphire Fiber, the share prices of which climbed up by Rs57.60 to Rs825.60.
Rafhan Maize witnessed maximum decrease of Rs600 closing at Rs11,400 followed by Nestle PakistanXD, the share price of which declined by Rs392.03 to close at Rs5,500.
Rupee extends losses against dollar
Exchange rate of Pak rupee weakened by 89 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs186.12 against the previous day’s closing of Rs185.23.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs186 and Rs187.85 respectively.
Similarly, the price of the euro was depreciated by 63 paisas and closed at Rs 202.76 against the previous day’s closing of Rs203.39.
The Japanese Yen remained unchanged to close at Rs1.50, whereas an decrease of 10 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs243.23 as compared to its last closing of Rs243.13.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 24 paisas to close at Rs50.67 and Rs49.61 respectively.
Gold prices reach all time high to Rs 132,800
Despite decline at international market, the price of 24 karat per tola gold witnessed an increase of Rs 800 and reached all time high to Rs132,800 as compared to its sale at Rs132,000 in the local market the previous day.
The price of 10 gram 24 karat gold also increased by Rs 686 to Rs113,855 from Rs113,169 whereas that of 10 gram 22 karat went up to Rs104,367 from Rs103,738, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs 1520 and Rs1303.15 respectively.
The price of gold in international market decreased by $2 and was traded at US$1926 against its sale at US$1928, the association reported.

About the author

The Frontier Post