Business

PSX turns around, gains 318 points to close at 46,484.43 points

Written by The Frontier Post

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bearish, gaining 318.93 points, with a positive change of 0.69 percent, closing at 46,484.43 points against 46,165.50 points on the last working day.
A total of 494,943,257 shares were traded during the day compared to the trade of 474,588,030 shares the previous day whereas the price of shares stood at Rs 11.680 billion against Rs12.353 billion on last trading day.
As many as 343 companies transacted shares in the stock market, 206 of them recorded gain and 118 sustained losses, whereas the share price of 19 companies remained unchanged.
The three top trading companies were Cnergyico Pk with a volume of 99,122,084 shares and price per share of Rs 6.75, WorldCall Telecom with a volume of 36,948,000 and price per share of Rs1.93 and Flying Cement with volume of 32,521,000 and price per share of Rs 9.90.
Nestle Pakistan witnessed a maximum increase of Rs 104.99 per share, closing at Rs 5,549.99 whereas the runner up was Al-Ghazi Tractors, the share prices of which climbed up by Rs 31.63 to Rs 453.38.
Bata (Pak) witnessed maximum decrease of Rs 179.99 closing at Rs 2,220.01 followed by Colgate Palm, the share price of which declined by Rs 97.77 to close at Rs 2,222.23.
Rupee gains 13 paisas against dollar
Exchange rate of Pak Rupee strengthened by 13 paisas against the US Dollar in the interbank trading on Thursday and closed at Rs181.68 against the previous day’s closing of Rs181.81.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of Dollar in the open market were recorded at Rs181.5 and Rs183.5 respectively.
Similarly, the price of Euro was appreciated by Rs 1.42 and closed at Rs198.31 against the previous day’s closing of Rs 196.89.
The Japanese Yen gained one paisa to close at Rs1.45, whereas an increase of Rs2.23 was witnessed in the exchange rate of British Pound, which was traded at Rs238.66 as compared to its last closing of Rs236.43.
The exchange rates of Emirates Dirham and Saudi Riyal decreased by 04 paisas to close at Rs49.46 and Rs48.44 respectively.

About the author

The Frontier Post