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 | 177,692.92 292.03M | -0.44% -778.95 |
| ALLSHR | 107,527.40 755.35M | -0.21% -222.76 |
| KSE30 | 53,022.89 136.49M | -0.33% -177.32 |
| KMI30 | 254,789.27 135.36M | -0.08% -207.69 |
| KMIALLSHR | 69,937.14 438.67M | -0.02% -16.42 |
| BKTi | 47,966.64 21.05M | -1.22% -591.93 |
| OGTi | 36,833.67 15.21M | 0.60% 217.97 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 62,670.00 | 63,045.00 62,425.00 | 305.00 0.49% |
| BRENT CRUDE | 76.40 | 76.91 76.20 | -0.68 -0.88% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 125.90 | 125.90 125.90 | -0.15 -0.12% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 72.55 | 73.18 72.34 | -0.66 -0.90% |
| SUGAR #11 WORLD | 13.93 | 14.03 13.75 | 0.09 0.65% |
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