Intraday Report: KSE-100 jumps over 1.1%

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

0:00

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%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	154,292.26 213.82M	2.85% 4276.09
ALLSHR	92,658.58 393.53M	2.77% 2494.23
KSE30	46,904.87 134.91M	3.12% 1418.41
KMI30	221,684.42 82.94M	3.18% 6829.77
KMIALLSHR	60,187.46 166.61M	3.32% 1934.26
BKTi	42,971.02 70.64M	2.76% 1155.99
OGTi	32,492.05 13.03M	5.29% 1631.20

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,055.00	74,895.00 73,630.00	-630.00 -0.84%
BRENT CRUDE	103.79	104.04 100.34	0.37 0.36%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.95 -10.73%
ROTTERDAM COAL MONTHLY	120.85	120.85 120.85	-0.80 -0.66%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.20	95.65 91.45	-1.33 -1.39%
SUGAR #11 WORLD	14.45	14.57 14.35	0.00 0.00%