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 177,370.71
271.87M
0.23%
404.02
ALLSHR 107,716.20
642.21M
0.11%
116.44
KSE30 52,827.24
82.38M
0.35%
182.71
KMI30 251,579.93
132.42M
0.03%
64.11
KMIALLSHR 69,528.14
417.99M
0.00%
2.11
BKTi 50,313.91
13.15M
1.11%
551.71
OGTi 36,509.94
8.96M
-0.87%
-321.36
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 78,675.00 79,360.00
78,140.00
-335.00
-0.42%
BRENT CRUDE 86.25 87.15
85.41
-2.33
-2.63%
RICHARDS BAY COAL MONTHLY 110.30 0.00
0.00
0.80
0.73%
ROTTERDAM COAL MONTHLY 124.80 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 80.29 81.31
79.62
-2.07
-2.51%
SUGAR #11 WORLD 17.41 17.45
17.14
0.14
0.81%

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