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	184,369.30 170.10M	1.61% 2912.96
ALLSHR	110,995.23 426.45M	1.66% 1812.90
KSE30	56,501.55 78.44M	1.57% 875.88
KMI30	259,104.98 65.79M	1.87% 4761.99
KMIALLSHR	70,960.66 189.69M	1.75% 1217.08
BKTi	53,755.19 31.88M	1.39% 736.42
OGTi	37,796.13 15.90M	2.52% 928.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,790.00	96,050.00 95,245.00	435.00 0.46%
BRENT CRUDE	63.53	63.93 63.48	-0.23 -0.36%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.00 -2.25%
ROTTERDAM COAL MONTHLY	97.60	98.25 97.60	0.15 0.15%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.89	59.30 58.85	-0.19 -0.32%
SUGAR #11 WORLD	14.59	14.68 14.41	-0.09 -0.61%