PSX witnesses bearish trend as KSE-100

PSX witnesses bearish trend as KSE-100 down by 85.97 points

KARACHI (APP): Pakistan Stock Exchange (PSX) witnessed a bearish trend as KSE-100 closed at 40473.18 points as compared to 40559.15 points on the previous working day with negative change of 85.97 points (-0.21%).

According to Pakistan Stock Exchange (PSE), total volume of shares traded was 591,172,081 while value of shares traded during day stood at 22,455,192,555.

As many as 405 companies transacted shares in stock market, out of total 99 recorded gains and 286 sustained losses, whereas share price of 20 companies remained unchanged during the day.

Top three companies traded were Hascol Petrol with volume of 88,368,000 shares, TRG Pak Ltd with 36,326,500 and Pak Refinery with 32,346,000.

Rafhan Maize registered a maximum increase of 225.00 per share, closing at 8175.00 while Phillip Morris Pak recorded a maximum decrease of 74.90 per share, closing at 1700.00.

Rupee recovers 19 paisas against dollar:

The exchange rate of Pakistani rupee strengthened by 19 paisas against the US dollar in the interbank on Wednesday to close at Rs168.07 as compared to the last closing of Rs168.26.

However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs168.1 and Rs168.7 respectively.

The State Bank of Pakistan reported that in interbank, the price of euro depreciated by 42 paisas to close at Rs197.61 against the last day’s trading of Rs 198.03.

The Japanese Yen lost one paisa to close at Rs1.57, whereas a decrease of 59 paisas was witnessed in the exchange rate of British Pound which was traded at Rs219.59 as compared to its last closing of Rs220.18.

The exchange rates of Saudi Riyal and Emirates Dirham decreased by 05 paisas and 06 paisas to close at Rs44.81 and Rs45.75 respectively.

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