Intraday Report: KSE-100 Index jumps over 900pts
MG News | September 13, 2024 at 09:22 AM GMT+05:00
September 13, 2024 (MLN): Pakistan stocks surged during the early trade on Friday fueled by a larger-than-anticipated interest rate cut and optimism surrounding the upcoming meeting between Pakistan and the IMF on September 25 to finalize the $7 billion Extended Fund Facility (EFF) program.
The benchmark KSE-100 Index surged above the key 80,000 level before paring some of its gains. The index last traded at 79,597.89, showing an increase of 580.28 points or 0.73% as of 12:00pm.
After the market close yesterday, the SBP announced its decision, slashing the policy rate by 200 basis points to 17.5%
The index is up 17,147 points or 27.46% so far this year.

Top gainers were PAKT (+6.66%), TRG (+5.34%), SRVI (+5.26%), JVDC (+5.11%), and PGLC (+4.91%).
On the other hand, top losers were EFUG (-4.00%), DGKC (-2.32%), NESTLE (-1.85%), MLCF (-1.24%), and KOHC (-0.88%).

In terms of index-point contributions, companies that propped up the index were EFERT (+62.99pts), HUBC (+45.36pts), FFC (+41.63pts), SRVI (+38.12pts), and TRG (+34.00pts).
Meanwhile, companies that dragged the index lower were UBL (-29.76pts), DGKC (-13.59pts), DAWH (-10.94pts), NESTLE (-9.44pts), and EFUG (-7.64pts).
Sector-wise, KSE-100 Index was supported by Fertilizer (+108.31pts), Commercial Banks (+63.33pts), Power Generation & Distribution (+63.10pts), Oil & Gas Exploration Companies (+54.01pts), and Technology & Communication (+47.72pts).
While the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. (-7.69pts), Insurance (-5.23pts), and Close - End Mutual Fund (-0.43pts).
In the broader market, the All-Share Index was at 51,307.23 with a net gain of 332.30 points or 0.65%.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 169,864.53 309.70M | 0.77% 1289.83 |
| ALLSHR | 102,725.13 871.92M | 0.54% 553.85 |
| KSE30 | 51,670.42 144.06M | 0.97% 495.07 |
| KMI30 | 244,230.82 127.19M | 0.88% 2126.86 |
| KMIALLSHR | 67,141.83 400.81M | 0.66% 438.06 |
| BKTi | 45,511.25 34.21M | 0.74% 335.27 |
| OGTi | 33,787.05 15.45M | 0.86% 288.90 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 90,360.00 | 93,070.00 89,640.00 | -1650.00 -1.79% |
| BRENT CRUDE | 61.20 | 61.86 60.81 | -0.08 -0.13% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 1.00 1.11% |
| ROTTERDAM COAL MONTHLY | 97.30 | 97.30 97.30 | 0.90 0.93% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.50 | 58.19 57.15 | -0.10 -0.17% |
| SUGAR #11 WORLD | 15.10 | 15.27 14.83 | 0.25 1.68% |
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