PSX turns around, gains 174 points, closing at 41,054 points

PSX turns around, gains 174 points, closing at 41,054 points

F.P. Report

ISLAMABAD: KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday and witnessed bullish, gaining 174.75 points, a positive change of 0.43 percent, closing at 41,054.68 points against 40,879.93 points on the last working day.
A total of 120,125,795 shares were traded during the day compared to the trade of 163,793,751 shares the previous day, whereas the price of shares stood at Rs.3.363 billion against Rs.4.352 billion on last trading day. As many as 315 companies transacted shares in the stock market,163 of them recorded gain and 128 sustained losses, whereas the share price of 24 companies remained unchanged.
The three top trading companies were Unity Foods Ltd with a volume of 8,188,521 shares and price per share of Rs.20.05, K-Electric Ltd with volume of 7,421,000 and price per share of Rs.2.57 and Hum Network with volume of 7,272,500 and price per share of Rs.7.16.
Unilever Foods witnessed a maximum increase of Rs.1,600 per share, closing at Rs.24,600 whereas the runner up was Siemens Pak, the share prices of which climbed up by Rs.45.02 to Rs645.33.
Rafhan Maize witnessed maximum decrease of Rs199 per share closing at Rs9,800 followed by Colgate Palm, the share price of which declined by Rs138.75 to close at Rs.2,111.25.
Rupee extends losses against dollar: Exchange rate of Pak Rupee weakened by Rs 1.31 against the US Dollar in the interbank trading on Tuesday and closed at Rs 205.16 against the previous day’s closing of Rs 203.85.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 204.5 and Rs 206.5 respectively. The price of Euro appreciated by Rs 1.26 and closed at Rs 214.86 against the previous day’s closing of Rs 213.60.
Meanwhile, Japanese Yen gained two paisas to close at Rs 1.53, whereas an increase of 62 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs 249.82 as compared to its last closing of Rs249.20.
The exchange rates of Emirates Dirham and Saudi Riyal increased by 35 paisas to close at Rs 55.85 and Rs 54.68 respectively.
Gold price increases by Rs.350 to Rs142,450 per tola: The price of 24 karat per tola gold witnessed a decrease of Rs.350 per tola and was sold at Rs142,450 on Tuesday against its sale at Rs.142,800 the previous day in the local market.
The price of 10 gram 24 karat and 22 karat gold also decreased by Rs.298 and was sold at Rs.122,130 as compared to Rs.122,428 whereas that of ten gram gold decreased to Rs.111,950 compared to its sale at Rs. 112,226, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained stagnant at Rs.1540 and Rs.1,320.30, respectively.
The price of gold in international market decreased by $36 and was sold at $1822 stagnant at $1858, the association reported.

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