Pakistan Stock Exchange continues with bullish trend, gains 505 points

Pakistan Stock Exchange continues with bullish trend, gains 505 points

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish on Tuesday, gaining 505.14 points, with a positive change of 1.15 percent, closing at 44,438.70 points against 43,933.56 points on the last working day.
A total of 268,911,323 shares were traded during the day compared to the trade of 132,635,884 shares the previous day whereas the price of shares stood at Rs7.174 billion against Rs4.802 billion on last trading day.
As many as 363 companies transacted shares in the stock market, 247 of them recorded gain and 87 sustained losses, whereas the share price of 29 companies remained unchanged.
The three top trading companies were Pak Elektron (R ) with a volume of 37,675,000 shares and price per share of Rs1.97, WorldCall Telecom with a volume of 27,126,000 and price per share of Rs1.70 and Ghani Glo Hol with volume of 15,048,500 and price per share of Rs15.90.
Bata (Pak) witnessed a maximum increase of Rs149.99 per share, closing at Rs2,249.99 whereas the runner up was Colgate Palm, the share prices of which climbed up by Rs80 to Rs2,300.
Rafhan Maize witnessed maximum decrease of Rs490 closing at Rs11,500 followed by Premier Suger, the share price of which declined by Rs27.50 to close at Rs510.
Rupee weakens against dollar: Exchange rate of Pakistan rupee weakened by 15 paisas against the United States dollar in the interbank trading on Tuesday and closed at Rs182.33 against the previous day’s closing of Rs182.18.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs181.9 and Rs183.25 respectively.
Similarly, the price of the euro was appreciated by Rs1.13 and closed at Rs200.71 against the previous day’s closing of Rs199.58.
The Japanese Yen remained unchanged to close at Rs1.47, whereas a decrease of 54 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs239.05 as compared to its last closing of Rs239.59.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 04 paisas to close at Rs49.64 and Rs48.60 respectively.

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