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 176,966.69
443.75M
-0.11%
-199.84
ALLSHR 107,599.76
930.31M
-0.04%
-41.89
KSE30 52,644.53
124.88M
-0.05%
-26.27
KMI30 251,515.82
172.78M
0.02%
55.29
KMIALLSHR 69,526.04
742.43M
0.16%
112.66
BKTi 49,762.20
16.68M
-0.45%
-222.60
OGTi 36,831.30
31.09M
1.12%
408.26
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,110.00 81,140.00
78,710.00
2260.00
2.87%
BRENT CRUDE 92.73 92.90
91.72
0.56
0.61%
RICHARDS BAY COAL MONTHLY 110.30 0.00
0.00
-0.20
-0.18%
ROTTERDAM COAL MONTHLY 124.55 124.55
124.55
0.00
0.00%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 85.69 85.84
84.73
0.68
0.80%
SUGAR #11 WORLD 17.66 17.69
17.08
0.05
0.28%

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