Business

PSX loses 226 points to close at 48,012 points

Written by The Frontier Post

F.P. Report

ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 226.15 points, with a negative change of 0.47 percent, closing at 48,012.52 points against 48,238.67 points on the last working day.
A total of 839,186,587 shares were traded during the day compared to the trade of 750,561,177 shares the previous day whereas the price of shares stood at Rs15.878 billion against Rs20.669 billion the previous day.
As many as 411 companies transacted shares in the stock market, 163 of them recorded gain and 233 sustained losses whereas the share price of 15 companies remained unchanged.
The three top traded companies were Silk Bank Ltd. with a volume of 235,101,000 shares and price per share of Rs1.83, Hum Network with a volume of 60,357,000 and price per share of Rs9.12 and WorldCall Telecom with volume of 58,453,500 and price per share of Rs4.12.
Sanofi-Aventis witnessed maximum increase of Rs63.98 per share, closing at Rs989.98 whereas Bhanero Tex was runner up, share prices of which increased by Rs59, closing at Rs1059.
Unilever Foods recorded a maximum decrease of Rs840 per share, closing at Rs15710 followed by Colgate Palm, the share prices of which decreased by Rs98 per share, closing at Rs2700.
Rupee extends losses against dollar
The exchange rate of Pakistan rupee weakened by 62 paisas against the US dollar in the interbank trading on Saturday and closed at Rs157.51 as compared to the previous day’s closing of Rs156.89.
According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 156.6 and Rs 157.5 respectively.
Similarly, the price of euro was appreciated by 33 paisas and closed at Rs187.32 against the last day’s trading of Rs186.99, the State Bank of Pakistan reported.
The Japanese Yen gained one paisa to close at Rs1.43, whereas a decrease of 21 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs217.79 as compared to its last closing of Rs218.00.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 17 paisas each to close at Rs42.88 and Rs42.00 respectively.
Gold prices go up Rs1550 to Rs108,850 tola
The price of 24 karat per tola gold increased by Rs1550 and was sold at Rs108,850 on Monday against its sale at Rs107,300 the previous day, Karachi Sarafa and Jewellers Group reported.
The price of 10 gram 24 karat also increased by Rs1329 and was sold at Rs93,321 against its sale at Rs91,992 while the prices of 10 gram 22 Karat gold went up to Rs85,544 against Rs84,326.
The price of per tola and ten gram silver remained unchanged at Rs1420 and Rs1217.42 respectively.
The price of gold in international market witnessed increase of $19 and was sold at $1783 against its sale at $1764.

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