Business

PSX loses 399 points to close at 45,940 points

Written by The Frontier Post

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 399.72 points, with a negative change of 0.86 percent, closing at 45,940.04 points against 46,339.76 points on the last working day.
A total of 285,968,670 shares were traded during the day compared to the trade of 243,148,960 shares the previous day whereas the price of shares stood at Rs 9.272 billion against Rs 9.938 billion the previous day.
As many as 367 companies transacted shares in the stock market, 123 of them recorded gain and 222 sustained losses, whereas the share price of 22 companies remained unchanged.
The three top trading companies were Telecard Limited with a volume of 45,410,917 shares and price per share of Rs17.51, TPL Properties with a volume of 16,954,000 and price per share of Rs34.19 and WorldCall Telecom with volume of 13,715,000 and price per share of Rs2.18.
Rafhan Maize witnessed a maximum increase of Rs200 per share, closing at Rs10600 whereas the runner up was Premium Tex, the share prices of which climbed up by Rs44.98 to Rs704.99. Nestle Pakistan witnessed maximum decrease of Rs149.99 closing at Rs5500 followed by Bata (Pak)XD, the share price of which declined by Rs49.80 to close at Rs 2100.
Rupee gains one paisas against dollar
Exchange rate of the Pakistan rupee appreciated by one paisa against the US dollar in the interbank trading on Thursday and closed at Rs174.87 against the previous day’s closing of Rs 174.88.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of US dollar in the open market were recorded at Rs 175.9 and Rs 177.3 respectively.
Similarly, the price of the euro was appreciated by Rs 0.26 and closed at Rs 199.85 against the previous day’s closing of Rs 199.59.
The Japanese Yen remained unchanged to close at Rs 1.51, whereas a decrease of 25 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs236.90 as compared to its last closing of Rs 237.15.
The exchange rates of Emirates Dirham and Saudi Riyal witnessed unchanged to close at Rs 47.60 and Rs 46.61 respectively.
Gold price remains unchanged at Rs125,550 per tola
ISLAMABAD (APP): The price of 24 karat per tola remained constant at Rs125,550 in the local market on Thursday. The price of 10 gram 24 karat gold and 10 gram 22 karat also witnessed no change in prices and was sold at Rs107,639 and Rs98,669 respectively, 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 increased by $7 and was traded at US$1834 against its sale at US$ 1827, the association reported.

About the author

The Frontier Post