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Business
Condolence reference held in memory of FBR’s officials
The Customs officials were martyred on April 18 while conducting an intelligence-based operation.
Islamabad: A condolence reference was held at Federal Board of Revenue (FBR) headquarters on Friday in memory of the five Customs officials who were martyred in D.I.Khan.
The Customs officials were martyred on April 18 while conducting an intelligence-based operation, read a statement issued by the department.
Chairman FBR Malik Amjad Zubair Towana, Board members and officers participated in condolence reference.
Chairman FBR, members and officers appreciated the eminent sacrifice of the martyrs and recited Fatiha and prayed for their forgiveness.
Business
Rupee bounces back; gains 13 paisa against dollar
Forex Association of Pakistan (FAP) says the buying and selling rates of the dollar in the open market stood at Rs277.6 and Rs280.35 respectively.
Karachi: Pakistani Rupee on Friday gained 13 paisa against the US dollar in the interbank trading and closed at Rs 278.30 against the previous day’s closing of Rs278.43, after witnessing a nominal devaluation for the last few days.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.6 and Rs280.35 respectively. The price of the Euro decreased by Rs1.05 to close at Rs296.43 against the last-day closing of Rs297.48, according to the State Bank of Pakistan (SBP).
The Japanese Yen remained unchanged to close at Rs1.80, whereas a decline of Rs1.06 was witnessed in the exchange rate of the British Pound, which was traded at Rs346.28 compared to the last closing of Rs347.34.
The Emirates Dirham and the Saudi Riyal went down by 04 paisa each to close at Rs75.77 and Rs74.18 respectively.
Business
PSX turns bullish, gains 619 points
A total of 475,833,699 shares valuing Rs.23.220 billion were traded during the day as compared to 440,314,409 shares valuing Rs.24.362 billion the last day.
Karachi: The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 619.79 points, a positive change of 0.88 percent, closing at 70,909.90 points against 70,290.12 points the previous trading day.
A total of 475,833,699 shares valuing Rs.23.220 billion were traded during the day as compared to 440,314,409 shares valuing Rs.24.362 billion the last day.
Some 370 companies transacted their shares in the stock market; 200 of them recorded gains and 149 sustained losses, whereas the share prices of 21 remained unchanged.
The three top trading companies were Pak Refinery with 49,662,377 shares at Rs.30.09 per share, Cnergyico PK with 26,777,007 shares with Rs.4.47 per share and Kohinoor Spinning with 22,834,000 shares at Rs.4.96 per share. Unilever Pakistan Foods Limited witnessed a maximum increase of Rs.200.00 per share price, closing at Rs.20,900.00, whereas the runner-up was Hoechst Pakistan Limited with a Rs.97.49 rise in its per share price to Rs.1,397.49.
Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs.30.10 per share closing at Rs.8,350.00, followed by Services Industries Limited with Rs.9.50 decline to close at Rs.602.50.
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