The Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend as KSE 100 index closed at 36,618.57 points as compared to 36,190.41 points on the last working day, with positive change of 428.16 points (1.18%). A total 468,906,802 shares were traded compared to the trade 292,709,075 shares during the previous day, whereas the value of shares traded during the day stood at Rs18.555 billion as compared to Rs9.582 billion during last trading day. As many as 403 companies transacted shares in the Stock Market, out of which 236 recorded gain and 151 sustained losses whereas the share price of 16 companies remained unchanged.
The three top traded companies were Maple Leaf with a volume of 76,450,000 shares and price per share of Rs29.28, Pak Elektron with a volume of 21,923,000 with price per share of Rs27.87 and TRG Pak Ltd with a volume of 21,222,000 and price per share of Rs35.19. Rafhan Maize recorded maximum increase of Rs345 per share, closing at Rs7470 while Indus Motor Co was runner up with the increase of Rs52.76 per share, closing at Rs1191.14. Indus Textile witnessed maximum decrease of Rs107.97 per share, closing at Rs1331.69, whereas prices of Premier Suger shares decreased by Rs45.77 per share closing at Rs564.56. Pakistan Stock Exchange (PSX) will resume its normal operational timings , as post COVID-19 activities, from next week i.e.
Monday (July 13) with designated time schedule being 9:30 am to 3:30 – 3:45 pm during first four days of the week and from 9:15 am to 4:30 pm every Friday. PSX Managing Director, Farrukh Khan announcing reversion to normal timings at the Exchange said this will encourage investors and market participants to remain actively engaged in Capital Market related activities. Citing this to be a positive development PSX chief hoped it would help propagate normal market activities signalling encouraging development for post COVID-19 economy
“This gives positive vibes for flattening of the curve in terms of pandemic,” said Farrukh Khan mentioning that the government, SECP and SBP have taken numerous steps during the current year casting a positive impact on the capital markets of the country. As per the designated time schedule for PSX market will open at 9:30 am and close at 3:30 pm with trade rectification session extended by 15 minutes whereas during its last working day of the week (Friday) the market to open at 9:15 am will close business for its first session at 12 noon followed by start of its second session at 2:30 pm with closing of the same at 4:30 pm. Currency rates in open market in Pakistan according to international currencies as of 13 July 2020. The price of 1 USD to PKR buying is Rs166.50 and selling of US Dollar is Rs167.00. British Pound (GBP) to PKR buying is Rs209.00 and selling is Rs211.00. Euro to PKR buying is Rs186.00 and selling is Rs188.00. Saudi Riyal to PKR buying is Rs43.90 and selling is Rs44.10. UAE Dirham buying is Rs45.00 and selling is Rs45.15.