Intraday Report: KSE-100 jumps over 1% ahead of MPC meeting

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MG News | July 29, 2024 at 12:06 PM GMT+05:00

July 29, 2024 (MLN): Pakistan stocks started the week on a positive note, with the benchmark index gaining over 1% ahead of the key monetary policy meeting.

The benchmark KSE-100 Index rose to 78,877.21 as of 12:00pm, an increase of 847.71 points or 1.09%.

Last week, the index recorded a sharp decline of 2,088 points or 2.6%.

Investors are closely monitoring the monetary policy meeting scheduled later today, where the central bank is expected to ease the policy rate further.

Top gainers during the day were NBP (+6.97%), NCPL (+3.41%), ABOT (+3.22%), POL (+2.97%), and COLG (+2.90%).

In terms of index-point contributions, companies that propped up the index were FFC (+71.32pts), UBL (+71.25pts), POL (+66.40pts), OGDC (+64.94pts), and NBP (+53.50pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+264.11pts), Oil & Gas Exploration Companies (+182.55pts), Fertilizer (+94.61pts), Cement (+66.16pts), and Power Generation & Distribution (+57.32pts).

In the broader market, the All-Share Index was at 50,174.34 with a net gain of 570.36 points or 1.15%.

To note, the KSE-100 has gained 432 points or 0.55% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,426 points, equivalent to 26.30%.

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Name Price/Vol %Chg/NChg
KSE100 180,027.65
257.32M
-0.71%
-1282.63
ALLSHR 108,852.35
590.32M
-0.50%
-549.98
KSE30 53,647.55
70.40M
-0.66%
-358.32
KMI30 253,624.28
83.76M
-0.82%
-2100.90
KMIALLSHR 69,812.47
415.34M
-0.58%
-403.81
BKTi 52,076.30
19.31M
-0.31%
-163.94
OGTi 35,584.04
9.90M
-0.58%
-209.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,150.00 64,270.00
63,880.00
30.00
0.05%
BRENT CRUDE 89.78 89.82
87.41
2.06
2.35%
RICHARDS BAY COAL MONTHLY 105.50 0.00
0.00
-4.00
-3.65%
ROTTERDAM COAL MONTHLY 120.00 0.00
0.00
-1.25
-1.03%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 84.18 84.22
81.91
2.05
2.50%
SUGAR #11 WORLD 16.39 16.51
16.33
-0.08
-0.49%

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