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	171,194.34 97.80M	0.44% 747.04
ALLSHR	103,443.24 230.66M	0.45% 460.36
KSE30	52,112.34 63.55M	0.54% 280.70
KMI30	244,468.70 16.78M	0.15% 355.10
KMIALLSHR	67,267.58 74.01M	0.14% 90.96
BKTi	46,669.27 50.05M	1.29% 592.53
OGTi	33,990.44 1.15M	0.08% 28.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,590.00	88,110.00 86,590.00	-1205.00 -1.37%
BRENT CRUDE	59.73	59.74 59.25	0.81 1.37%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.15 2.42%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.92	56.00 55.08	-0.90 -1.58%
SUGAR #11 WORLD	14.85	15.07 14.78	-0.10 -0.67%