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 | 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% |
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