Intraday report: KSE100 gains 511 points as SBP maintains policy rate

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MG News | August 23, 2022 at 10:35 AM GMT+05:00

August 23, 2022 (MLN):  The benchmark KSE-100 index has gained 511 points [10:27 am] in intraday trade and is currently trading at 43,338 level, on the back of SBP’s decision to keep the policy rate unchanged at 15% in yesterday’s Monetary policy announcement.

The positivity is also attributed to the positive development on the economic front as Pakistan has secured additional $4bn financing for the FY23 in the form of $2bn deposits from Qatar, $1bn additional oil facility from Saudi Arabia $1bn investment by UAE, according to SBP

However, due to the rollover week market may also experience some volatility today, a note by Ismail Iqbal Securities said.

As per newsflows, the government has backed out from its decision to supply electricity to five export sectors at 9 cents/kWh due to IMF’s restriction on additional subsidies. Owing to this development, the Textile sector may face modest selling pressure today, it added.

So far, Banks, Cement, Oil & Gas Exploration Companies, Fertilizer, and Technology have witnessed higher buying activity as they have added around 107, 82, 70, 53, and 52 points respectively.

Company-wise, the scrips of LUCK, MEBL, SYS, PPL, and HUBC have endured the maximum gains.

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Name Price/Vol %Chg/NChg
KSE100 180,104.61
388.90M
-0.11%
-206.60
ALLSHR 108,838.05
888.10M
-0.14%
-150.10
KSE30 53,603.57
82.09M
-0.20%
-109.40
KMI30 252,988.26
112.53M
-0.14%
-356.16
KMIALLSHR 69,789.36
622.55M
0.02%
11.95
BKTi 51,939.19
21.86M
-0.35%
-181.79
OGTi 35,691.88
10.10M
0.01%
3.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,055.00 63,150.00
62,800.00
80.00
0.13%
BRENT CRUDE 88.82 88.95
86.20
1.75
2.01%
RICHARDS BAY COAL MONTHLY 110.00 110.00
110.00
-0.65
-0.59%
ROTTERDAM COAL MONTHLY 122.30 122.30
122.30
0.30
0.25%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 82.40 82.99
80.71
1.15
1.42%
SUGAR #11 WORLD 16.60 16.85
16.50
-0.22
-1.31%

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