Dollar trashes rupee to record low of Rs212
The KSE 100-index of the Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend, gaining 748.97 points, a positive change of 1.79 percent, closing at 42,525.95 points against 41,776.98 points on the last working day.
A total of 300,592,921 shares were traded during the day compared to the trade of 162,112,379 shares the previous day, whereas the price of shares stood at Rs 9.471 billion against Rs 4.910 billion on last trading day.
As many as 341 companies transacted shares in the stock market, 268 of them recorded gain and 49 sustained losses, whereas the share price of 24 companies remained unchanged.
The three top trading companies were TPL Properties with a volume of 23,685,957 shares and price per share of Rs 21.23, Pak Refinery with volume of 20,652,776 and price per share of Rs 18.85 and Cnergyico Pk with volume of 17,865,120 and price per share of Rs 5.66.
The US dollar has continued its upward trajectory as it has gained a massive Rs2.04 in its value against Pakistani rupee in the interbank trading delivering it a heavy blow on Tuesday. As the trading ended on Tuesday, the dollar lost some steam and depreciated by 25 paisas and was traded at Rs209.71 in the morning.