Business

PSX loses 363 points, closing at 41,776 points

Written by The Frontier Post

F.P. Report

ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) on Monday witnessed bearish trend, losing 363 points, a negative change of 0.86 percent, closing at 41,776.98 points against 42,140.76 points on the last working day.

A total of 162,112,379 shares were traded during the day compared to the trade of 282,931,441 shares the previous day, whereas the price of shares stood at Rs 4.910 billion against Rs 9.059 billion on last trading day.

As many as 318 companies transacted shares in the stock market, 87 of them recorded gain and 220 sustained losses, whereas the share price of 11 companies remained unchanged.

The three top trading companies were TPL Properties with a volume of 19,495,500 shares and price per share of Rs 19.75, WorldCall Telecom with volume of 15,351,000 and price per share of Rs 1.41 and Pak Refinery with volume of 11,823,839 and price per share of Rs 17.69.

Rafhan Maize witnessed a maximum increase of Rs 459.67 per share, closing at Rs 10,359.67 whereas the runner up Allawasaya Tex, the share prices of which climbed up by Rs 73.78 to Rs 1,320.

Unilever Foods witnessed maximum decrease of Rs 150 per share closing at Rs 25,650 followed by Indus Motor Co, the share price of which declined by Rs 38.37 to close at Rs 1,148.22.

Rupee extends losses against dollar

Exchange rate of Pak Rupee weakened by Rs 1.21 against the US Dollar in the interbank trading on Friday and closed at Rs 209.95 against the previous day’s closing of Rs 208.74.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 211 and Rs 213 respectively.
The price of Euro was appreciated by Rs 1.76 and closed at Rs 221.33 against the previous day’s closing of Rs 219.58.

Meanwhile, Japanese Yen gained one paisa to close at Rs 1.57, whereas an increase of 51 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs 257.26 as compared to its last closing of Rs 256.75.

The exchange rates of Emirates Dirham and Saudi Riyal increased by 32 paisas to close at Rs 57.16 and Rs 55.95 respectively.

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The Frontier Post