On Tuesday, the KSE-100 index closed with a decline of 291.52 points or 0.37%, settling at 77,940.58. The index traded within a range of 632.24 points, reaching an intraday high of 78,541.22 and a low of 77,908.98. The trading volume for the KSE-100 was 130.43 million shares, with 30 companies closing up, 65 down, and 5 unchanged. Sectors such as commercial banks, oil & gas exploration companies, and power generation & distribution were significant detractors. Conversely, fertilizer and food & personal care products sectors provided some support. The broader market saw the All-Share index close at 49,247.06, down by 148.90 points. The total market volume was 292.19 million shares, with a traded value of Rs11.41 billion.
The Pakistani rupee (PKR) appreciated by 12.24 paisa against the US dollar (USD TO PKR) during Tuesday’s interbank session, closing at PKR 278.5 per USD. The currency saw an intraday high of 278.75 and a low of 278.55. In the open market, the dollar was quoted at 277.75 for buying and 280.50 for selling. Against major currencies, PKR showed mixed performance, appreciating against the British Pound and Swiss Franc, while depreciating against the Euro, Japanese Yen, Chinese Yuan, Saudi Riyal, and U.A.E Dirham. During the current financial year, PKR has appreciated by 7.49 rupees or 2.69% against the dollar.
Gold prices in Pakistan fell on Tuesday, with 24-karat gold being sold at Rs241,500 per tola, a decrease of Rs500 from the previous rate. The price for 24-karat gold per 10 grams dropped by Rs429 to Rs207,047. Similarly, 22-karat gold was priced lower at Rs189,793 per 10 grams. Silver prices remained unchanged, with 24-karat silver holding steady at Rs2,850 per tola and Rs2,443 per 10 grams. On the global front, spot gold traded near $2,323 an ounce, reflecting a decrease of $7.2 or 0.31% from the previous rate.
