PSX stays bullish for 3rdconsecutive day, gains 444

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend for third consecutive day on Wednesday, gaining 444.65 points, a positive change of 0.97 points, closing at 46,119.15 points against 45,674.50 points on the last working day.
A total of 360,805,181 shares, valuing Rs10.939, were traded during the day compared to the trade of 312,501,826 shares worth Rs 9.487, the previous day.
As many as 381 companies transacted shares in the stock market, 269 of them recorded gain and 91 sustained losses, whereas the share price of 21 companies remained unchanged.
The three top trading companies were Hum Network with a volume of 48,787,500 shares and price per share of Rs7.65, Telecard LImited with a volume of 28,283,500 and price per share of Rs18.42 and Treet Corp with volume of 26,314,500 and price per share of Rs42.31.
Ismail Ind witnessed a maximum increase of Rs32.79 per share, closing at Rs470.07 whereas the runner up was Mari PetroleumXD the share prices of which climbed up by Rs31.89 to Rs1699.90.
Sapphire Tex witnessed maximum decrease of Rs81.22 closing at Rs1001.78 followed by Sapphire Fiber, the share price of which declined by Rs67.42 to close at Rs831.58.
Rupee strengthens by 01 paisa against dollar
The exchange rate of Pakistan rupee strengthened by 1 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs 176.41 against the previous day’s closing of Rs 176.42.
According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market recorded at Rs 176.7 and Rs 179 respectively.
Similarly, the price of euro appreciated by 47 paisas and closed at Rs 199.11 against the previous day’s closing at Rs 198.64.
The Japanese Yen remained unchanged to close at Rs 1.53, whereas an increase of 91 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs 238.84 as compared to its last closing at Rs 237.93.
The exchange rates of Emirates Dirham and Saudi Riyal remained stable to close at Rs 48.03 and Rs 47.02 respectively.
Gold price increases by Rs50 to Rs125,000 per tola
The price of 24 karat per tola gold witnessed an increase of Rs 50 and was sold at Rs 125,000 on Wednesday against its sale at Rs125,950 in the local market the previous day.
The price of 10 gram 24 karat gold also increased by Rs43 to Rs 107,167 from Rs 107, 107,124 whereas that of 10 gram 22 karat went up to Rs 98,237 from Rs98, 197, the All Sindh Sarafa Jewellers Association reported.
The price of per tola and 10 gram silver remained constant at Rs1,450 and Rs1,243.14 respectively.
The price of gold in international market decreased by US$6 to US1803 from US$1709, the association reported.