Mourning: KSE-100 index bleeds by 724 points

News Image

MG News | November 28, 2022 at 09:48 AM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,545.00 118,705.00
117,905.00
925.00
0.79%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.36 70.37
70.18
0.36
0.51%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg