PSX gains 869 more points, closes at 67,756 points

ISLAMABAD (APP) - The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 869.77 points, a positive change of 1.30 percent, closing at 67,756.04 points against 66,886.26 points the previous trading day.

A total of 361,823,380 shares valuing Rs11.901 billion were traded during the day as compared to 239,650,377 shares valuing Rs.8.940 billion the last day.

Some 340 companies transacted their shares in the stock market; 208 of them recorded gains and 108 sustained losses, whereas the share prices of 24 remained unchanged. In the future market, as many as 307 companies traded shares in the market, out of which 212 recorded gains, 86 witnessed losses whereas the share prices of 9 companies remained unchanged.

Gold rates up by Rs1,800 to Rs238,900 per tola

The per tola price of 24-karat gold witnessed an increase of Rs1,800 and was sold at Rs238,900 as compared to its sale at Rs237,100 on the previous day.

The price of 10 grams of 24-karat gold increased by Rs1,543 and was sold at Rs204,818 against the sale price of Rs203,275 and 10 gram 22 karat gold also increased to Rs187,750 as from Rs186,335.

The price of per tola silver increased by Rs10 to Rs2,610 whereas that of 10 grams silver went up by Rs8.57 to Rs2,237.65. The price of gold in the international market increased by US$17 to 2,290 from US$2,273.

Rupee sheds 08 paisa against dollar

Pakistani rupee witnessed a devaluation of eight paisa against the US dollar in the interbank trading and closed at Rs277.91 against the previous day’s closing of Rs277.83.

The buying and selling rates of the dollar in the open market stood at Rs278 and Rs281.75 respectively. The price of the Euro increased by 92 paisa to close at Rs299.34 against the last-day closing of Rs298.42.