Mourning: KSE-100 index bleeds by 724 points
MG News | November 28, 2022 at 09:48 AM GMT+05:00
November 28, 2022 (MLN): Bears once again took a charge of the Pakistan Stock Exchange on Monday as the benchmark KSE-100 Index has plunged by 724 points or 1.71% [9:45 PKT] and is currently trading at the 42,204.05 level.
The market witnessed massive selling pressure due to an increase in interest rate by 100 basis points to 1.6%.
To recall, last week on Friday the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to increase the policy rate by 100 basis points to 16%.
So far, cement, oil & gas exploration, fertilizer, and technology witnessed higher selling activity with a loss of 137.97, 97.51, 84.36, and 57.83 points, respectively.
Scrip-wise, INDU, MTL, MARI, and LUCK have loosed maximum points.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 173,896.34 360.62M | 0.87% 1495.61 |
| ALLSHR | 104,139.24 855.26M | 0.63% 655.29 |
| KSE30 | 53,276.12 172.18M | 1.03% 542.06 |
| KMI30 | 248,386.88 167.37M | 1.15% 2821.54 |
| KMIALLSHR | 67,752.29 358.10M | 0.77% 518.60 |
| BKTi | 48,148.44 58.74M | 0.52% 250.34 |
| OGTi | 34,286.85 16.69M | 1.33% 448.36 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 87,985.00 | 90,990.00 87,075.00 | 25.00 0.03% |
| BRENT CRUDE | 62.03 | 62.19 60.87 | 1.39 2.29% |
| RICHARDS BAY COAL MONTHLY | 86.75 | 86.75 86.75 | 0.30 0.35% |
| ROTTERDAM COAL MONTHLY | 95.25 | 95.25 94.20 | 0.05 0.05% |
| USD RBD PALM OLEIN | 1,027.50 | 1,027.50 1,027.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.16 | 58.28 56.91 | 1.42 2.50% |
| SUGAR #11 WORLD | 15.25 | 15.34 15.11 | 0.08 0.53% |
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