Business

PSX loses 1,447 points to close at 43,393

Written by The Frontier Post

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,447.67 points, with a negative change of 3.23 percent, closing at 43,393.14 points against 44,840.81 points on the last working day.
A total of 305,207,779 shares were traded during the day compared to the trade of 189,484,396 shares the previous day, whereas the price of shares stood at Rs9.238 billion against Rs5.661 billion on last trading day.
As many as 368 companies transacted shares in the stock market, 43 of them recorded gain and 311 sustained losses, whereas the share price of 14 companies remained unchanged.
The three top trading companies were Lotte Chemical Pakistan Limited with a volume of 27,005,500 shares and price per share of Rs25.20, Cnergyico Pak with a volume of 23,858,892 and price per share of Rs 5.56 and Worldcall Telecom Limited with volume of 20,795,000 and price per share of Rs1.57.
Murree Brewery witnessed a maximum increase of Rs18.95 per share, closing at Rs423.95 whereas the runner up was thal Ind. Crop., the share prices of which climbed up by Rs19.57 to Rs282.00.
Bhanero Tex. witnessed maximum decrease of Rs115.34 closing at Rs1,422.55 followed by Rafhan Maize, the share price of which declined by Rs850 to close at Rs10,750.
Rupee sheds 90 paisas against dollar
Exchange rate of Pak Rupee weakened by 90 paisas against the US Dollar in the interbank trading on Monday and closed at Rs 187.52 against the previous day’s closing of Rs 186.62.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 187.5 and Rs 189 respectively.
The price of Euro appreciated by 99 paisas and closed at Rs 197.01 against the previous day’s closing of Rs 196.02.
The Japanese Yen lost one paisas to close at Rs 1.42, whereas an increase of Rs 0.37 was witnessed in the exchange rate of British Pound, which was traded at Rs 230.25 as compared to its last closing of Rs 229.88.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 25 paisas to close at Rs 51.05 and Rs 49.99 respectively.

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The Frontier Post