The dollar depreciated by 31 paise in the interbank market and according to Forex dealers, after a recent decline, the dollar fell to Rs 159.50.
It may be recalled that the US dollar fell by another 20 paise to Rs 159.80 in the interbank market yesterday while the dollar remained stable in the open market. According to the Forex Association of Pakistan, the dollar depreciated against the rupee in the interbank market on Wednesday. In a further decline of 20 paise, the buying price of the dollar fell from Rs 159.90 to Rs 159.70 and the selling price fell from Rs 160 to Rs 159.80, while in the local open currency market, the buying price of the dollar was Rs 159.60 and the selling price remained stable at Rs 159.90. Remained
In other currencies, the euro fell 30 paise to Rs 185 from Rs 185.30 and remained unchanged at Rs 187, while the British pound fell 50 paise to Rs 205 from Rs 205.50 and the selling price fell from Rs 207.50 to Rs 207 in the local barter markets. According to the All Sindh Money Changers and Jewelers Association, the price of gold in the global market fell by $ 9 per ounce to 189 1891 yesterday. As a result, the price of gold at the local level fell by Rs.500 to Rs.133,600. The price of 10 grams of gold fell by Rs 428 to Rs 97,394. The price of silver remained stable at Rs 1,200 per tola.
The KSE-100 Index fell by 198.92 points to 40,281.96 points on Wednesday, while the selling price of 59.54 per cent of the companies fell due to selling pressure. As a result, investors suffered a loss of Rs 17.38 billion. However, in terms of share turnover, the trading volume was 11.43 percent higher than on Tuesday. The Pakistan Stock Exchange (PSE) started trading on Wednesday with investors and financial institutions buying in the food, cement, petroleum, steel and energy sectors. The KSE-100 index gained 40,911 points during trading. Reached a high level but then the selling pressure of the shares increased which resulted in the effects of the boom disappearing and the downturn continued till the end and at the end of trading the KSE 100 Index closed at 40281.96 points with a decrease of 198.92 points The KSE 30 Index declined by 128.04 points to 16,865.96 points and the KSE All Shares Index declined by 64.93 points to 28,366 points. A total of 393 companies traded yesterday out of which 147 stocks gained 234 stocks and 12 stocks lost 124 stocks. Prices remained stable.
Due to fall in share prices of most companies, the total volume of capital decreased from Rs. 74.82 billion to Rs. 74.56 billion. In terms of price fluctuations, Rafhan Meez's share price increased by Rs. 1155.62 while Nestle Pakistan lost Rs. 77.56 to Rs. 6261.31 and SAP Higher Tax lost Rs. 62.70 to Rs. 886.51.
