Dollar stable, KSE - 100 up by 387 points

By MG News | December 08, 2017 at 02:14 PM GMT+05:00

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The index reported substantial gains during first session on Monday as investors viewed the fluctuation in the forex market carefully.

The market was shaken today as both Interbank and Open market rates for Dollar went up by Rs. 4.5 and Rs. 1.5 respectively. According to a local daily, the State Bank Spokesperson has said that the rate for dollar after keeping in view the demand and supply.

PKR is currently trading at 106.50/107.90.

Commercial Banks, O&G Companies, and Power Generation & Distribution companies gained the most during the day.

Oil & Gas Exploration stocks gained as Rupee depreciated against the Dollar as selling prices are indexed to international prices. Furthermore, the Power Companies (IPPs) gained post the dollar spike as Return of the Power sector is indexed to Rupee Dollar parity.

However, the cement sector scrips were the worst affected as import prices for coal were to take a hit.

Index is currently trading at 39172.20, up by 387.54 points.

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Name	Price/Vol	%Chg/NChg
KSE100	133,180.18 102.96M	-0.14% -189.96
ALLSHR	82,991.83 380.54M	-0.11% -89.32
KSE30	40,598.28 34.28M	-0.26% -107.03
KMI30	192,138.55 43.44M	-0.23% -442.13
KMIALLSHR	55,790.74 216.43M	-0.08% -44.97
BKTi	36,225.36 5.56M	-0.25% -91.81
OGTi	28,445.79 3.01M	-0.34% -97.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,660.00	108,880.00 107,680.00	205.00 0.19%
BRENT CRUDE	69.43	69.50 69.03	-0.15 -0.22%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.76	67.97 67.40	-0.17 -0.25%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%