PSX loses 260 points to close at 30,971 points


ISLAMABAD - The Pakistan Stock Exchange (PSX) Wednesday witnessed bearish trend as KSE 100-index closed at 30,971.27 points as compared to 31,231.55 points on the last working day with the negative change of 260.28 points (0.83 %). A total of 181,000,392 shares were traded compared to the trade of 172,769,586 shares during the previous day, whereas the value of shares traded during the day stood at Rs 5.893 billion as compared to Rs 6.751 billion during last trading day. As many as 333 companies transacted shares in the stock market on Wednesday, out of which 115 recorded gain and 193 sustained losses whereas the share price of 25 companies remained unchanged. The three top traded companies were Unity Foods Ltd with a volume of 28,766,000shares and price per share of Rs 9.93, Hascol Petrol with a volume of 25,834,000 price per share of Rs 14.85 and Pak Electron with a volume of 14,084,500 and price per share of Rs 20.18. Bata (Pak) recorded maximum increase of Rs 45 per share, closing at Rs 1535 while Indus Dyeing was runner up with the increase of Rs 36.05 per share, closing at Rs 516.78. Rafhan Maize recorded maximum decrease of Rs 310.81 per share, closing at Rs 6389.19 whereas prices of Pak Tobacco decreased by Rs 131.17 per share closing at Rs 1617.82.


Rupee gains 15 paisas in interbank


ISLAMABAD - The exchange rate of Pakistani rupee against US dollar witnessed an increase of 15 paisas in interbank on Wednesday and traded at Rs 167.76 against Rs 167.89 on last trading day, State Bank of Pakistan reported. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs 163.5 and Rs 166 respectively. The SBP further reported that in interbank, the price of Euro depreciated by 31 paisas and traded at Rs 182.05 against the last closing of Rs 182.36 on last trading day. The Japanese yen remained stable at Rs 1.54 whereas a decrease of 62 paisas was witnessed in the exchange rate of British Pound which was traded at Rs 206.43 as compared to its last closing of Rs 207.05. The exchange rates of Saudi Riyal and Arab Emirates Dirham decreased by 03 paisas each to close at Rs 44.62 and Rs 45.67 respectively.