PSX gains 87 points to close at 45,731 points

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around and witnessed bullish trend on Tuesday, gaining 87.61 points, with a positive change of 0.19 percent, closing at 45,731.70 points against 45,644.09 points on the last working day.
A total of 274,577,430 shares were traded during the day compared to the trade of 187,808,808 shares the previous day whereas the price of shares stood at Rs6.756 billion against Rs5.945 billion the previous day.
As many as 336 companies transacted shares in the stock market, 200 of them recorded gain and 118 sustained losses, whereas the share price of 18 companies remained unchanged.
The three top trading companies were Worldcall Telecom with a volume of 91,896,000 shares and price per share of Rs1.96, K-Electric Ltd with a volume of 22,714,500 and price per share of Rs3.53 and Telecard Limited with volume of 10,111,278 and price per share of Rs16.86.
Bata (Pak) XD witnessed a maximum increase of Rs64.17 per share, closing at Rs2172.50 whereas the runner up was Premium Tex, the share prices of which climbed up by Rs30.78 to Rs729.99.
Allawasaya Tex witnessed maximum decrease of Rs161.30 closing at Rs1989.43 followed by Gatron Ind. the share price of which declined by Rs34.50 to close at Rs461.50.
Rupee sheds 30 paisas against dollar
Exchange rate of the Pakistan rupee weakened by 30 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs175.77 against the previous day’s closing of Rs175.47.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of US dollar in the open market were recorded at Rs176.6 and Rs178 respectively.
Similarly, the price of the euro was appreciated by 90 paiss and closed at Rs199.43 against the previous day’s closing of Rs198.53.
The Japanese Yen remained unchanged to close at Rs1.52, whereas an increase of Rs1.26 was witnessed in the exchange rate of British Pound, which was traded at Rs238.30 as compared to its last closing of Rs237.04.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 08 paisas to close at Rs47.85 and Rs46.84 respectively.
Gold prices decline by Rs700 to Rs125,700 per tola
The price of 24 karat per tola gold witnessed a decrease of Rs700 and was sold at Rs125,700 on Tuesday against its sale at Rs126,400 in the local market the previous day.
The price of 10 gram 24 karat gold also decreased by Rs601 to Rs107,767 from Rs108,400 whereas that of 10 gram 22 karat went down to Rs98,787 from Rs99,337, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs1460 and Rs1251.71 respectively. The price of gold in international market decreased by $5 and was traded at US$ 1851 against its sale at US$ 1856, the association reported.