The Pak Banker : 2020-09-24

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FRONT PAGE

PSX gains 47 points to closed 41,876 points ISLAMABAD The Pakistan Stock Exchange (PSX) turned around and witnessed bullish trend as the KSE 100 index closed at 41,876.26 points against 41,828.91points on the last working day, with positive change of 47.35 points (0.11%). A total 582,794,744 shares were traded during the day compared to the trade of 441,286,493 shares the previous day whereas the price of shares stood at Rs12.884b against Rs12.959b previous day. As many as 420 companies transacted shares in the stock market, 183 of them recorded gain and 218 sustained losses whereas the share price of 19 companies remained unchanged. The three top traded companies were Silk Bank Ltd with a volume of 167,490,500 shares and price per share of Rs1,Unity Foods Ltd with a volume of 51,805,500 and price per share of Rs17.95 and Jah. Sidd. Co with a volume of 36,252,000 and price per share of Rs29.06. Rupee strengthen­s against dollar -APP KARACHI The rupee strengthen­ed against the dollar at Rs166.22 in the inter-bank market compared with Monday's close of Rs166.29, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter- bank market after finalisati­on of an agreement with the Internatio­nal Monetary Fund ( IMF) for a loan programme on May 12, 2019. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibriu­m against the US dollar and other major world currencies. - APP

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