Business

PSX sheds 641 points to close at 42,863 points

Written by The Frontier Post

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 641.21 points, with a negative change of 1.47 percent, closing at 42,863.15 points against 43,504.36 points on the last working day.
A total of 338,542,010 shares were traded during the day compared to the trade of 233,857,431 shares the previous day, whereas the price of shares stood at Rs9.531 billion against Rs6.864 billion on last trading day.
As many as 359 companies transacted shares in the stock market; 47 of them recorded gain and 296 sustained losses, whereas the share price of 16 companies remained unchanged.
The three top trading companies were WorldCall Telecom with a volume of 31,405,500 shares and price per share of Rs1.49, Cnergyico Pk with volume of 24,780,960 and price per share of Rs5.26 and Pak Elektron with volume of 16,773,500 and price per share of Rs15.73.
Gatron Ind. witnessed a maximum increase of Rs26.70 per share, closing at Rs382.80 whereas the runner up was Ismail Ind, the share prices of which climbed up by Rs16.82 to Rs494.82.
Colgate Palm witnessed maximum decrease of Rs97.86 closing at Rs2,100 followed by Nestle Pakistan, the share price of which declined by Rs50.01 to close at Rs5,750.
Rupee sheds Rs 1.37 against dollar
Exchange rate of Pak Rupee weakened by Rs1.37 against the US Dollar in the interbank trading on Wednesday and closed at Rs190.02 against the previous day’s closing of Rs188.65.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs189 and Rs191.5 respectively.
The price of Euro was appreciated by Rs1.43 and closed at Rs200.81 against the previous day’s closing of Rs199.38.
The Japanese Yen gained two paisas to close at Rs1.46, whereas an increase of Rs2.39 was witnessed in the exchange rate of British Pound, which was traded at Rs234.86 as compared to its last closing of Rs232.47.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 35 paisas to close at Rs51.71 and Rs50.65 respectively.

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The Frontier Post