Pakistani Rupee devaluation cost Pakistan Rs 2,400 billion
Shares
KARACHI – Pakistan Stock Exchange (PSX) closed in the red for the second consecutive year as the benchmark KSE-100 was down by 8.4 percent this year.
The KSE-100 Index closed on Monday at 37066.67 points as compared to 37167.02 points on the last working day with a negative change of 100.35 points.
The total turnover was 226,060,560 as compared to 174,440,694 on the last working day with Silk Bank Limited having the highest turnover of 23,095,000.
The index lost 3,405 points in the year, while the value of shares stood at approximately Rs1 trillion.
Moreover, dollar increased by Rs28.36 (or 26%) this year against the rupee, closing at Rs138.86 on the last day of 2018.
Appreciation of dollar resulted in an increase in debt burden by Rs2,400 billion.
Total 341 companies’ transacted shares in the Stock Market today, out of which 153 recorded gains and 165 sustained losses whereas the share price of 23 companies remained unchanged.
