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	173,939.01 704.34M	2.37% 4027.06
ALLSHR	103,800.94 1,437.41M	2.39% 2426.33
KSE30	52,809.97 362.40M	2.60% 1336.81
KMI30	250,755.67 244.03M	1.91% 4699.35
KMIALLSHR	67,535.39 726.81M	2.02% 1339.91
BKTi	48,513.82 194.95M	4.11% 1916.74
OGTi	36,285.58 28.58M	3.08% 1083.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,930.00	74,645.00 73,850.00	-3670.00 -4.73%
BRENT CRUDE	96.53	97.50 95.10	6.15 6.80%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.45	0.00 0.00	-0.45 -0.44%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	88.55	89.60 87.33	5.96 7.22%
SUGAR #11 WORLD	13.50	13.89 13.39	-0.30 -2.17%