Dollar stable, KSE - 100 up by 387 points

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

0:00

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.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,966.36 220.48M	0.80% 1225.99
ALLSHR	92,315.63 371.19M	0.50% 457.15
KSE30	46,696.53 103.13M	1.02% 472.91
KMI30	222,292.88 92.17M	1.44% 3161.96
KMIALLSHR	60,009.47 205.97M	0.64% 384.18
BKTi	41,978.02 36.60M	-0.30% -126.44
OGTi	32,154.23 11.72M	0.24% 76.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,060.00	71,490.00 70,145.00	325.00 0.46%
BRENT CRUDE	102.67	104.35 100.21	2.73 2.73%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	119.50	119.50 119.50	0.50 0.42%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	91.56	92.29 88.50	3.43 3.89%
SUGAR #11 WORLD	15.61	15.67 15.40	0.09 0.58%