PSX loses 673 points to close at 44,833 points

Written by The Frontier Post

ISLAMABAD (APP): The 100-index of the Pakistan Stock Exchange (PSX) Wednesday witnessed bearish trend, losing 673.98 points, a negative change of 1.48 percent, closing at 44,833.43 points against 45,507.41points on the last working day.
A total of 236,934,760 shares, valuing Rs8.662 billion, were traded during the day compared to the trade of 165,136,244 shares, valuing Rs7.565 billion, the previous day.
As many as 360 companies transacted shares in the stock market, 56 of them recorded gain and 289 sustained losses, whereas the share price of 15 companies remained unchanged.
The three top trading companies were WorldCall Telecom with a volume of 27,328,000 shares and price per share of Rs2.16, TRG Pak Ltd with a volume of 20,191,658 and price per share of Rs88.36 and Telecard Limited with volume of 18,792,500 and price per share of Rs17.23.
Unilever Foods witnessed a maximum increase of Rs100 per share, closing at Rs20999 whereas the runner up was Sapphire Tex, the share prices of which climbed up by Rs74 to Rs1124.
Bata (Pak) XD witnessed maximum decrease of Rs98 closing at Rs1902 followed by Colgate Palm, the share price of which declined by Rs78.99 to close at Rs2420.
Rupee extends losses against dollar
The exchange rate of Pakistan rupee weakened by 04 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs 176.22 against the previous day’s closing of Rs 176.18.
According to Forex Association of Pakistan, the buying and selling rates of dollar in the open market recorded at Rs 176.8 and Rs 178 respectively.
Similarly, the price of euro depreciated by 84 paisas and closed at Rs 199.77 against the previous day’s closing at 200.61.
The Japanese Yen gained one paisa to close at Rs 1.54, whereas a decline of 69 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs 239.59 as compared to its last closing at Rs 240.28.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 01 paisa to close at Rs 47.97 and Rs 46.97 respectively.

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The Frontier Post