PSX loses 43 points to close at 42,983 points

ISLAMABAD (APP): KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Thursday, losing 43.43 points, with a negative change of 0.10 percent, closing at 42,983.45 points against 43,026.88 points on the last working day.
A total of 187,101,023 shares were traded during the day compared to the trade of 278,803,100 shares the previous day, whereas the price of shares stood at Rs5.084 billion against Rs6.911 billion on last trading day.
As many as 334 companies transacted shares in the stock market, 122 of them recorded gain and 195 sustained losses, whereas the share price of 17 companies remained unchanged.
The three top trading companies were Ghani Glo Hol with a volume of 15,096,576 shares and price per share of Rs16.02, WorldCall Telecom with volume of 13,387,500 and price per share of Rs1.54 and Silk Bank Ltd with volume of 13,098,500 and price per share of Rs1.22.
Sapphire Fiber witnessed a maximum increase of Rs70.99 per share, closing at Rs1,023 whereas the runner up was Sapphire Tex, the share prices of which climbed up by Rs70.05 to Rs1,004.55.
Rafhan Maize witnessed maximum decrease of Rs89.07 closing at Rs10,000 followed by Gatron Ind, the share price of which declined by Rs33.65 to close at Rs415.10.
Rupee closes at Rs199.99 against dollar
Exchange rate of Pak Rupee weakened by Rs1.60 against the US Dollar in the interbank trading on Thursday and closed at Rs199.99 against the previous day’s closing of Rs198.39.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs200 and Rs201.5 respectively.
The price of Euro was appreciated by Rs1.23 and closed at Rs209.92 against the previous day’s closing of Rs208.69.
The Japanese Yen gained three paisas to close at Rs1.54, whereas an increase of Rs2.64 was witnessed in the exchange rate of British Pound, which was traded at Rs247.59 as compared to its last closing of Rs246.05.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 43 paisas to close at Rs54.44 and Rs53.31 respectively.
Gold prices decline by Rs50 to Rs138,350 per tola
The price of 24 karat per tola gold witnessed a decrease of Rs50 and was sold at Rs138,350 on Thursday against its sale at Rs138,400 in the local market.
The price of 10 gram 24 karat gold also decreased by Rs43 and was sold at Rs118,613 compared to its sale at Rs118,656 whereas that of 22 karat gold also went down to Rs108,728 against Rs108,768, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs1570 and Rs1346.02 respectively.
The price of gold in international market increased by $14 and was traded at $1830 compared to its sale at $1816, the association reported.