PSX witness bullish trend, gains 278 points

F.P. Report

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 278.77 points, a positive change of 0.67 percent, closing at 42,014.73 points against 41,735.96 points on the last working day.
A total of 115,874,000 shares were traded during the day compared to the trade of 235,353,033 shares the previous day, whereas the price of shares stood at Rs.3.069 billion against Rs.5.473 billion on last trading day.
As many as 322 companies transacted shares in the stock market,187 of them recorded gain and 104 sustained losses, whereas the share price of 31 companies remained unchanged.
The three top trading companies were TPL Properties with a volume of 12,015,597 shares and price per share of Rs.19.38, G3 Technologies with volume of 10,434,000 and price per share of Rs.9.43 and Lotte Chemical with volume of 7,330,874 and price per share of Rs.24.30.
Colgate Plam witnessed a maximum increase of Rs.150 per share, closing at Rs.2,250 whereas the runner up was Millat Tractors, the share prices of which climbed up by Rs.25.88 to Rs865.05.
Mehmood Tex witnessed maximum decrease of Rs69.66 per share closing at Rs863.34 followed by Pak Engineering, the share price of which declined by Rs23.52 to close at Rs.290.23.

Rupee sheds Rs1.59 against dollar

Exchange rate of Pak Rupee weakened by Rs1.59 against the US Dollar in the interbank trading on Friday and closed at Rs202.35 against the previous day’s closing of Rs200.76.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs200.6 and Rs202.6 respectively.
The price of Euro depreciated by 03 paisas and closed at Rs215.01 against the previous day’s closing of Rs215.04.
Meanwhile, Japanese Yen gained one paisa to close at Rs1.51, whereas an increase of Rs1.06 was witnessed in the exchange rate of British Pound, which was traded at Rs252.40 as compared to its last closing of Rs251.34.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 43 paisas to close at Rs55.09 and Rs53.94 respectively.