Mourning: KSE-100 index bleeds by 724 points

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

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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	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,160.00	118,295.00 116,115.00	2335.00 2.02%
BRENT CRUDE	68.26	68.42 67.34	0.31 0.46%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.02	64.20 63.11	0.32 0.50%
SUGAR #11 WORLD	16.00	16.27 15.92	-0.27 -1.66%