PSX loses 819 points to close at 42,667 points

PSX loses 819 points to close at 42,667 points

ISLAMABAD (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, losing 819.14 points, with a negative change of 1.88 percent, closing at 42,667.32 points against 43,486.46 points on the last working day.
A total of 250,446,894 shares were traded during the day compared to the trade of 208,112,603 shares the previous day, whereas the price of shares stood at Rs8.908 billion against Rs6.972 billion on last trading day.
As many as 340 companies transacted shares in the stock market, 63 of them recorded gain and 263 sustained losses, whereas the share price of 14 companies remained unchanged.
The three top trading companies were Lotte Chemical with a volume of 18,143,611 shares and price per share of Rs27, Pak Refinery with volume of 18,068,223 and price per share of Rs14.84 and Cnergyico Pk with volume of 14,168,680 and price per share of Rs5.18.
Sapphire Fiber witnessed a maximum increase of Rs52.89 per share, closing at Rs964.89 whereas the runner up was Premium Tex, the share prices of which climbed up by Rs34 to Rs750.
Rafhan Maize witnessed maximum decrease of Rs660.93 closing at Rs10,089.07 followed by Bata (Pak), the share price of which declined by Rs100 to close at Rs2,000.
Rupee extends losses against dollar
Exchange rate of Pak Rupee weakened by Rs 1.66 against the US Dollar in the interbank trading on Monday and closed at Rs194.18 against the previous day’s closing of Rs192.52.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs193 and Rs 195 respectively.
The price of Euro was appreciated by one paisa and closed at Rs 200.45 against the previous day’s closing of Rs200.44.
The Japanese Yen gained one paisa to close at Rs1.50, whereas an increase of Rs1.49 was witnessed in the exchange rate of British Pound, which was traded at Rs237.48 as compared to its last closing of Rs235.34.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 44 paisas to close at Rs52.86 and Rs51.76 respectively.
Gold prices increase by Rs700 to Rs136,600 per tola
The price of 24 karat per tola gold witnessed an increase of Rs300 and was sold at Rs136,600 on Monday against its sale at Rs135,900 in the local market. The price of 10 gram 24 karat gold also increased by Rs600 and was sold at Rs117,112 compared to its sale at Rs116,512 whereas that of 22 karat gold also went up to Rs107,353 against Rs106,803, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained unchanged at Rs1560 and Rs1337.44 respectively.
The price of gold in international market decreased by $14 and was traded at $1799 compared to its sale at $1813, the association reported.

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