Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Intraday Report: KSE-100 index down by 530 points

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November 9, 2021 (MLN): The benchmark KSE-100 index has lost around 530 points [11:10 am] in intraday trade and is currently trading at 46,584.96 as the market was weighed by uncertainty over the IMF program.

According to the media news, the resumption of the $6 billion stalled IMF program for Pakistan depends on the stamp clearance of two IMF departments; Strategy, Policy and Review Department and Legal Department before sending it to the Fund's Executive Board for approval.

Cement, Commercial Banks and Technology & Communication have witnessed higher selling activity as they have lost around 114,  77 and 70 points respectively.

Company-wise, the scrips of LUCK, TRG, SYS, HUBC, and ENGRO have endured the maximum losses.

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Posted on: 2021-11-09T11:12:41+05:00

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