F.P. Report
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,134.80 points, a negative change of 2.70 percent, closing at 40,879.93 points against 42,014.73 points on the last working day.
A total of 163,793,751 shares were traded during the day compared to the trade of 115,874,000 shares the previous day, whereas the price of shares stood at Rs.4.352 billion against Rs.Rs.3.069 billion on last trading day.
As many as 331 companies transacted shares in the stock market,50 of them recorded gain and 263 sustained losses, whereas the share price of 18 companies remained unchanged.
The three top trading companies were Hum Network with a volume of 24,561,500 shares and price per share of Rs.7.08, Cnergyico Pk with volume of 6,893,694 and price per share of Rs.5.11 and K-Electric Ltd with volume of 6,527,000 and price per share of Rs.2.55. Millat Tractors witnessed a maximum increase of Rs.11.89 per share, closing at Rs.876.94 whereas the runner up was Al-Ghazi Tractors, the share prices of which climbed up by Rs.11.66 to Rs390.
Unilever Foods witnessed maximum decrease of Rs1,800 per share closing at Rs23,000 followed by Sapphire Tex, the share price of which declined by Rs78.83 to close at Rs.1,095.67.
Rupee sheds Rs1.50 against dollar
Exchange rate of Pak Rupee weakened by Rs1.50 against the US Dollar in the interbank trading on Monday and closed at Rs203.85 against the previous day’s closing of Rs202.35.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs203 and Rs205 respectively. The price of Euro depreciated by Rs1.41 and closed at Rs213.60 against the previous day’s closing of Rs215.01.
Meanwhile, Japanese Yen remained unchanged to close at Rs1.51, whereas a decrease of Rs2.60 was witnessed in the exchange rate of British Pound, which was traded at Rs249.80 as compared to its last closing of Rs252.40.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 41 paisas to close at Rs55.50 and Rs54.33 respectively.
Gold price increases by Rs.650 to Rs142,800 per tola
The price of 24 karat per tola gold witnessed an increase of Rs.650 per tola and was sold at Rs142,800 on Monday against its sale at Rs142,150 the previous day in the local market.
The price of 10 gram 24 karat and 22 karat gold also increased by Rs.557 and was sold at Rs.122,428 as compared to Rs.121,870 whereas that of ten gram gold increased to Rs.112,226 compared to its sale at Rs.111,715, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained stagnant at Rs.1540 and Rs.1,320.30, respectively.
