PSX witnesses bearish trend, loses 250 points
ISLAMABAD (APP) - The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Wednesday, losing 250.10 points, a negative change of 0.33 per cent, closing at 74,956.67 points against 75,206.77 points the previous trading day.
A total of 584,484,020 shares valuing Rs 17.714 billion were traded during the day as compared to 462,304,427 shares valuing Rs 15.87 billion on the last day.
Some 389 companies transacted their shares in the stock market; 131 of them recorded gains and 233 sustained losses, whereas the prices of 25 companies remained unchanged.
Rupee loses 08 paisa against dollar
Pakistani Rupee lost 08 paisa against US dollar in the interbank trading and closed at Rs 278.47 against the previous day’s closing at Rs 278.39. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs 277.35 and Rs 280.10 respectively. The price of the Euro decreased by 16 paisa to close at Rs 302.31 against the last day’s closing of Rs 302.47, according to the State Bank of Pakistan (SBP).
The Japanese Yen remained unchanged at Rs 1.78, whereas an increase of 94 pasia was witnessed in the exchange rate of the British Pound, which traded at Rs 354.88 as compared to the last day’s closing of Rs 353.94. The exchange rate of the Emirates Dirham increased by 02 paisa to close at Rs 75.81, and the Saudi Riyal by 01 paisa to close at Rs 74.24.
