PSX stays bullish, gains 178 points to close at 43,040

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Monday, gaining 178.69 points, with a positive change of 0.42 percent, closing at 43,040.14 points against 42,861.45 points on the last working day.
A total of 187,471,668 shares were traded during the day compared to the trade of 527,672,738 shares the previous day,whereas the price of shares stood at Rs6.118 billion against Rs.13.974 billion on last trading day.
As many as 335 companies transacted shares in the stock market, 138 of them recorded gain and 179 sustained losses, whereas the share price of 18 companies remained unchanged.
The three top trading companies were TPL Properties with a volume of 18,538,935 shares and price per share of Rs.19.28, Pak Refinery with volume of 17,238,890 and price per share of Rs17.82 and Cnergyico Pk with volume of 9,972,736 and price per share of Rs.5.65.
Colgate Palm witnessed a maximum increase of Rs.42 per share, closing at Rs.2,152 whereas the runner up was Sapphire Fiber, the share prices of which climbed up by Rs35.14 to Rs1,115.
Rafhan Maize witnessed maximum decrease of Rs190 closing at Rs9,800 followed by Mehmood Tex, the share price of which declined by Rs70 to close at Rs.875.
Rupee gains 69 paisas against US Dollar: Exchange rate of Pak Rupee recovered Rs0.69 against the US Dollar in the interbank trading on Monday and closed at Rs199.06 against the previous day’s closing of Rs199.75.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs198.25 and Rs200.25 respectively.
Moreover, the price of Euro depreciated by Rs0.48 and closed at Rs213.97 against the previous day’s closing of Rs214.45.
Meanwhile, Japanese Yen lost one paisa to close at Rs1.56, whereas a decrease of Rs0.67 was witnessed in the exchange rate of British Pound, which was being traded at Rs251.35 as compared to its last closing of Rs252.02.
The exchange rates of Emirates Dirham and Saudi Riyal decreased by 18 paisas to close at Rs54.19 and Rs53.07 respectively.
Gold prices decline by Rs350 to Rs138,100 per tola: The price of 24 karat per tola gold witnessed a decrease of Rs350 and was sold at Rs138,100 on Monday against its sale at Rs138,450 in the local market.
The price of 10 gram 24 karat gold also decreased by Rs302 and was sold at Rs118,398 compared to its sale at Rs118,700 whereas that of 22 karat gold went down to Rs108,532 from Rs108,807, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs1570 and Rs1,346 respectively.