PSX achieves another milestone, closes at 58,198 points

ISLAMABAD (APP) - The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 827.17 points, a positive change of 1.44 percent, closing at 58,198.76 points against 57,371.59 points the previous trading day.

A total of 596,217,827 shares valuing Rs22.054 billion were traded during the day as compared to 1,012,258,472 shares valuing Rs19.338 billion the previous day.

As many as 389 companies transacted their shares in the stock market, 236 of them recorded gains and 136 sustained losses, whereas the share price of 17 companies remained unchanged.

Meanwhile, the Pakistani rupee gained 66 paisa against US dollar in the interbank trading and closed at Rs 285.12 against the previous day’s closing at Rs 285.78.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 283.65 and Rs 286.5 respectively.

The price of the Euro decreased by Rs1.96 to close at Rs 311.32 against the last day’s closing of Rs 313.28. The Japanese Yen lost 02 paisa to close at Rs 1.91; whereas a decrease of 85 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs 357.31 as compared to the last closing of Rs 358.16. The exchange rates of the Emirates dirham and the Saudi riyal decreased by 18 paisa each to close at Rs 77.63 and Rs 76.01 respectively.