PSX stays bearish, loses290 points to close at 45,652

PSX stays bearish, loses290 points to close at 45,652

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 290.54 points, with negative change of 0.63 percent, closing at 45,652.62 points against 45,943.16 points on the last working day.
A total of 186,431,158 shares were traded during the day compared to the trade of 234,997,430 shares the previous day whereas the price of shares stood at Rs 5.621 billion against Rs8.011 billion on last trading day.
As many as 311 companies transacted shares in the stock market, 92 of them recorded gain and 198 sustained losses, whereas the share price of 21 companies remained unchanged.
The three top trading companies were Lotte Chemical with a volume of 19,980,500 and price per share of Rs19.78, Cnergyico Pk with a volume of 19,858,684 and price per share of Rs6.50 and Pak Refinery with volume of 12,900,500 and price per share of Rs 16.03.
Premium Tex witnessed a maximum increase of Rs35 per share, closing at Rs 2,335 whereas the runner up was Indus Motor Co, the share prices of which climbed up by Rs 8.21 to Rs 1,348.96.
Nestle Pakistan witnessed maximum decrease of Rs99, closing at Rs5,501 followed by Mari Petroleum, the share price of which declined by Rs29.47 to close at Rs1,701.36.
Rupee weakens against dollar: Exchange rate of Pak Rupee weakened by Rs1.04 against the US Dollar in the interbank trading on Thursday and closed at Rs186.96 against the previous day’s closing of Rs185.92
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs187 and Rs189 respectively.
The price of Euro also appreciated by Rs2.96 and closed at Rs204.07 against the previous day’s closing of Rs201.11.
The Japanese Yen gained 02 paisas to close at Rs1.46, whereas an increase of Rs2.42 was witnessed in the exchange rate of British Pound, which was traded at Rs244.39 as compared to its last closing of Rs241.97.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 29 paisas to close at Rs50.90 and Rs49.85 respectively.

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