PSX loses 80 points, closes at 71,971 amidst trading fluctuations

The Pakistan Stock Exchange (PSX) witnessed a decline on Thursday as the 100-Index shed 80.49 points, marking a negative change of 0.11 percent, and concluding at 71,971.40 points compared to the previous trading day’s close of 72,051.89 points.

Trading activity saw 798,527,177 shares exchanged, amounting to Rs. 27.542 billion, contrasting with the previous day’s 599,401,643 shares valued at Rs. 24.459 billion. A total of 389 companies participated in trading, with 173 recording gains, 191 sustaining losses, and 25 maintaining unchanged share prices.

Meanwhile, the Pakistani rupee experienced a minor depreciation of 09 paisa against the US dollar during interbank trading, closing at Rs. 278.48 compared to the previous day’s close of Rs. 278.39. In the open market, the dollar’s buying and selling rates stood at Rs. 277.7 and Rs. 280, respectively.

Additionally, the Euro saw a decrease of Rs. 1.10, closing at Rs. 298.67, while the Japanese Yen witnessed a marginal decrease of 01 paisa, settling at Rs. 1.78. Conversely, the exchange rate of the British Pound increased by Rs. 2.40, reaching Rs. 348.41 compared to the previous closing of Rs. 346.01.

Furthermore, the Emirates Dirham and the Saudi Riyal experienced slight increases of 03 and 02 paisa, respectively, closing at Rs. 75.82 and Rs. 74.24.

Shaheer Gul Khan is a final-year student of English Literature at Government College University (GCU) Lahore. Strives to create a challenging and engaging environment having editor skills in freelancing, a goal-oriented. He can be reached at Twitter @HafizShaheerGu1.

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