PSX’s KSE 100-index staysbullish, gains 670 points

PSX’s KSE 100-index staysbullish, gains 670 points

F.P. Report

ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 670.87 points, a positive change of 1.62 percent, closing at 42,096.24 points against 41,425.37 points on the last working day.

A total of 406,680,986 shares were traded during the day compared to the trade of 275,431,074 shares the previous day, whereas the price of shares stood at Rs.11.636 billion against Rs.7.904 billion on last trading day.

As many as 345 companies transacted shares in the stock market, 264 of them recorded gain and 58 sustained losses, whereas the share price of 23 companies remained unchanged.

The three top trading companies were Cnergyico Pk with a volume of 64,344,705 shares and price per share of Rs5.51, Pak Refinery with volume of 29,939,099 and price per share of Rs.18.01 and WorldCall Telecom with volume of 20,360,500 and price per share of Rs.1.30.

Allahwasaya Tex witnessed a maximum increase of Rs.271.95 per share, closing at Rs.3,898.45 whereas the runner up was Nestle PakistanXD, the share prices of which climbed up by Rs.190.10 to Rs.6,185.

Bata (Pak) witnessed maximum decrease of Rs.154.89 per share closing at Rs.1,945.11 followed by Sanofi-Aventis, the share price of which declined by Rs50 to close at Rs1,220.

Rupee gains Rs 2.12 against dollar: The Pakistan rupee on Friday gained Rs 2.12 against the US dollar in the interbank trading and closed at Rs 224.03 against the previous day’s closing of Rs 226.15.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 218 and Rs 226 respectively.
The price of Euro decreased by Rs 1.04 and closed at Rs 229.20 against the last day’s closing of Rs 230.24.

The Japanese Yen remained unchanged to close at Rs 1.68, whereas a decrease of Rs 2.48 was witnessed in the exchange rate of the British Pound, which was traded at Rs 272.43 as compared to its last closing of Rs 274.91.

The exchange rates of Emirates Dirham and Saudi Riyal decreased by 56 paisa each to close at Rs 60.99 and Rs 59.62 respectively.

Gold price decline by Rs1,300 to Rs141,900 per tola: The price of 24 karat per tola gold decreased by Rs.1,300 per tola and was sold at Rs.141,900 on Friday against sale at Rs.143,200 the previous day in the local market.

The price of 10 gram 24 karat fold also decreased by Rs.1,115 and was sold at Rs.121,656 against its sale at Rs.122,771 whereas the prices of ten gram 22 karat gold also declined to Rs.111,518 against its sale at Rs.112,540, All Sindh Sarafa Jewellers Association reported.

The price of per tola and ten gram tola silver remained constant at Rs1620 and Rs.1388.88 respectively.

The price of gold in international market increased by $1 and was sold at $1788 against its sale at $1787, the association reported.

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