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	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,830.00	79,200.00 78,525.00	310.00 0.39%
BRENT CRUDE	87.58	87.77 87.12	-0.26 -0.30%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.80 0.73%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	81.93	82.17 81.53	-0.30 -0.36%
SUGAR #11 WORLD	17.62	17.84 17.14	0.35 2.03%