HomeBusinessPSX is witnessing a bearish trend and losing 1878 points IG News

PSX is witnessing a bearish trend and losing 1878 points IG News

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ISLAMABAD (APP) – The Pakistan Stock Exchange (PSX) 100 Index witnessed a bearish trend on Monday, losing 1,878.43 points, a negative change of 2.98 percent, to close at 61,065.32 points against 62,943.75 points on the previous trading day.

A total of 349,975,051 shares worth Rs 12.745 billion were traded during the day compared to 258,073,610 shares worth Rs 12.529 billion on the previous day. About 354 companies traded their shares on the stock market; 35 of them operated with profits, 300 with losses, and the exchange rates of 19 remained unchanged.

On the other hand, the rupee weakened by 04 paise against the US dollar in interbank trade to close at Rs 279.32 against the previous day’s close of Rs 279.28. According to the Forex Association of Pakistan (FAP), the bid and ask rates of the dollar in the open market were Rs 280 and Rs 282 respectively.

The euro gained 78 paise to close at Rs 301.64 against its last close of Rs 300.86. The Japanese yen gained 01 paise to end at Rs 1.87, while the British pound gained 86 paise to trade at Rs 353.18 against its last close of Rs 352.32. The exchange rates of Emirati Dirham and Saudi Riyal rose by 02 paise and 01 paise to end at Rs 76.05 and Rs 74.48 respectively.

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