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 | 171,725.29 261.56M | 2.31% 3881.05 |
| ALLSHR | 103,214.49 498.64M | 2.00% 2024.02 |
| KSE30 | 51,517.14 135.33M | 2.40% 1209.13 |
| KMI30 | 246,565.71 111.44M | 2.29% 5524.54 |
| KMIALLSHR | 67,042.77 274.55M | 1.94% 1273.86 |
| BKTi | 47,299.71 43.26M | 3.04% 1394.54 |
| OGTi | 36,341.37 10.64M | 2.20% 783.44 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 73,400.00 | 74,650.00 72,465.00 | -1505.00 -2.01% |
| BRENT CRUDE | 94.15 | 98.20 92.60 | -0.14 -0.15% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -8.25 -6.98% |
| ROTTERDAM COAL MONTHLY | 112.85 | 0.00 0.00 | -0.05 -0.04% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 89.39 | 92.52 87.11 | 0.71 0.80% |
| SUGAR #11 WORLD | 13.92 | 14.21 13.86 | -0.22 -1.56% |
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