Intraday Report: KSE-100 jumps over 1.1%

MG News | June 20, 2024 at 10:21 AM GMT+05:00

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June 20, 2024 (MLN): Pakistan stocks extended its record-breaking rally on Thursday amid strengthened prospects for an International Monetary Fund deal.

The benchmark KSE-100 index rose 880 points or 1.15% to 77,587 by 10:19am.

The global ratings agency Fitch on Tuesday said that the federal budget 2024-25 strengthens prospects for an IMF deal.

Moreover, Moody's Ratings' on Friday said that the budget will likely support Pakistan’s ongoing negotiations with the IMF for a new Extended Fund Facility (EFF) program.

KSE-100 index was supported by Commercial Banks (379.42pts), Cement (98.94pts), Fertilizer (67.89pts), Oil & Gas Exploration Companies (58.18pts), and Power Generation & Distribution (51.69pts).

Companies adding points to the index were UBL (149.47pts), MEBL (71.27pts), BAHL (48.78pts), OGDC (47.02pts), and MCB (42.78pts).

In the broader market, the All-Share index was at 49,145.09 with a net gain of 434.11 points.

To note, the KSE-100 has gained 36,122 points or 87.14% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 15,124 points, equivalent to 24.22%.

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Name	Price/Vol	%Chg/NChg
KSE100	180,392.98 610.92M	1.89% 3353.15
ALLSHR	108,164.81 1,218.64M	1.62% 1725.65
KSE30	53,921.42 273.38M	1.95% 1030.99
KMI30	256,900.46 245.46M	1.35% 3425.80
KMIALLSHR	69,949.43 735.02M	1.15% 794.76
BKTi	49,914.69 75.35M	3.58% 1722.97
OGTi	36,322.92 15.57M	1.25% 446.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,595.00	67,010.00 65,690.00	20.00 0.03%
BRENT CRUDE	81.01	83.80 80.89	-2.16 -2.60%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	5.25 4.46%
ROTTERDAM COAL MONTHLY	125.05	125.05 125.00	-0.90 -0.71%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	78.29	81.58 78.20	-2.46 -3.05%
SUGAR #11 WORLD	14.09	14.20 14.05	-0.10 -0.70%