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PSX sheds 25 points in range-bound session

MM News Staff by MM News Staff
July 17, 2023
Reading Time: 1 min read

KARACHI: The Pakistan Stock Exchange (PSX) on Monday declined 0.06% in a range-bound session.

At close on Monday, the benchmark index settled at 45,042.61, a decrease of 25.37 points or 0.06%.

On the economic front, the Pakistani rupee on Monday registered further back losses against the US dollar, depreciating another 0.6% in interbank.

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At close, the currency settled at 279.26, a decrease of Rs1.67, as per the State Bank of Pakistan (SBP).

During the previous week, the rupee settled with a marginal appreciation of 0.11% to end at 277.59 in the inter-bank market as euphoria over the International Monetary Fund (IMF) programme faded and made way for economic fundamentals.

Also read: Gold prices up Rs1,600 to 214,800 per tola in Pakistan

Volume on the all-share index increased to 314.8 million from 267.5 million on Friday, however, the value of shares traded declined marginally to Rs6.77 billion from Rs6.8 billion recorded in the previous session.

Bank of Punjab was the volume leader with 49.1 million shares followed by WorldCall Telecom with 45.9 million shares and Telecard Limited with 18.6 million shares.

Shares of 342 companies were traded on Monday, of which 138 registered an increase, 171 recorded a fall and 33 remained unchanged.

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