PSX stays bullish, gains 490 more points

ISLAMABAD (APP) - The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Monday, gaining 490.11 points, a positive change of 0.78 percent, closing at 63,305.93 points against 62,815.82 points the previous trading day.

A total of 452,868,834 shares valuing Rs 16.491 billion were traded during the day as compared to 377,974,404 shares valuing Rs16.011 billion the last day.

Some 345 companies transacted their shares in the stock market; 207 of them recorded gains and 114 sustained losses, whereas the share prices of 24 remained unchanged.

Rupee gains 16 paisa against dollar

The rupee gained 16 paisa against the US dollar in the interbank trading and closed at Rs 279.20 against the previous day’s closing of Rs 279.36. The buying and selling rates of the dollar in the open market stood at Rs 279.4 and Rs 282.3, respectively. The price of the Euro decreased by 23 paisa to close at Rs 302.31 against the last day’s closing of Rs 302.54, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs185, whereas a decrease of 08 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs 353.87 compared to the last closing of Rs 353.95.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 04 paisa each to close at Rs 76.01 and Rs 74.44 respectively.