Early Trade: KSE-100 plummets by over 1,000 points

MG News | May 16, 2022 at 10:15 AM GMT+05:00

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May 16, 2022 (MLN): Amid political uncertainty and indecisiveness over pre-requisites for the International Monetary Fund (IMF) program resumption weighed heavily on investors’ sentiments as the benchmark KSE-100 Index has lost 1,017 points so far in early trade [10:16 PST]. The index is currently trading at 42,468 points.

Despite the prior conditions i.e reversal of the unfunded subsidies for the IMF's ongoing $6 billion loan program, the government on Sunday has decided to keep the petrol prices unchanged with effect from May 16, 2022, till further order.

Commercial banks, cement and technology & communication have witnessed higher selling activity as they have lost around 232, 158.6 and 108.21 points, respectively.

Company-wise, the scrips of SYS, LUCK, MEBL, BAHL, HBL, PPL and ENGRO have endured the maximum losses.

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Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,085.00	79,420.00 76,515.00	2345.00 3.06%
BRENT CRUDE	107.74	112.45 107.32	-2.66 -2.41%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	100.52	106.65 100.10	-4.55 -4.33%
SUGAR #11 WORLD	14.98	14.98 14.42	0.37 2.53%