Mourning: KSE-100 index bleeds by 724 points

By 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	128,199.43 336.91M	2.05% 2572.11
ALLSHR	79,787.62 1,023.63M	1.53% 1202.91
KSE30	39,105.00 121.90M	2.49% 951.21
KMI30	186,915.61 131.16M	1.10% 2029.11
KMIALLSHR	54,201.88 553.60M	0.81% 438.07
BKTi	33,476.68 51.49M	4.87% 1555.00
OGTi	27,962.58 9.77M	0.68% 188.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,810.00	106,200.00 105,440.00	60.00 0.06%
BRENT CRUDE	67.09	67.29 67.06	-0.02 -0.03%
RICHARDS BAY COAL MONTHLY	97.50	97.50 97.50	0.70 0.72%
ROTTERDAM COAL MONTHLY	103.80	103.80 103.80	-3.45 -3.22%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.38	65.65 65.34	-0.07 -0.11%
SUGAR #11 WORLD	15.70	16.21 15.55	-0.50 -3.09%