PSX witnesses bearish trend, loses 988 points
ISLAMABAD (APP) - The 100-index of Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 988.47 points, a negative change of 1.58 percent, closing at 61,705.09 points against 62,693.57 points the previous trading day.
A total of 671,550,776 shares valuing Rs.13.709 billion were traded during the day as compared to 812,383,481 shares valuing Rs16.687 billion the last day.
Some 352 companies transacted their shares in the stock market; 116 of them recorded gains and 226 sustained losses, whereas the share prices of 10 remained unchanged.
Rupee gains 26 paisa against dollar
The Pakistani Rupee witnessed the 9th consecutive recovery session as it gained 26 paisa against the US dollar in the interbank trading and closed at Rs282.52 against the previous day’s closing of Rs282.78.
The buying and selling rates of the dollar in the open market stood at Rs282.5 and Rs285 respectively.
Gold rate up by Rs1,800 to Rs 219,800 per tola
The per tola price of 24-karat gold decreased by Rs1,800 and was sold at Rs 219,800 against its sale at Rs 218,000 on the last trading day. The price of 10 grams of 24 karat gold also increased by Rs 1543 to Rs 188,443 from Rs 186,900 whereas the prices of 10 gram 22 karat gold went down to Rs 172,740 from Rs 171,325.
