Intraday Report: KSE-100 Index up by 503 points

March 17, 2021 (MLN): Pakistan Stock Exchange opened higher Wednesday with the KSE-100 Index adding 459.70 points so far and is currently trading at 45,360 [11:00 am] as postponement of the long march of the opposition alliance scheduled for March 26, 2021 helped drive investors’ sentiments.

Moreover, the SBP is scheduled to announce the MPS on March 19. Experts believe SBP may not increase rates as the previous MPS indicated that the monetary policy settings in the near term will remain unchanged.

So far, Cement has captured the maximum gained, as it has contributed 166 points to the benchmark index, followed by Technology & Communication with 51 points.

Company-wise, the scrips of TRG, LUCK, HBL, ENGRO, PPL and HUBC have gathered the maximum points.

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Posted on: 2021-03-17T11:01:00+05:00

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