KSE 100 Index is currently trading at 41,193.28 points, negative by 444 points. Up till now the 53.240 million shares are traded in the market. Market has reached an intraday high of 41,843.09 and a low of 41,095.78.
The sectors that are at the bottom today include Cement, Fertilizer, Automobile and Engineering Sectors.
Oil and Gas regulation Authority (OGRA) has announced its decision in the favor of SSGC and SNGP to increase their prices up to 300 percent for domestic users whereas 20-30 percent for various industries. According to various analysts, the total expected impact on revenue is 190 billion Rupees.
It’s also been predicted by analysts that fertilizer sector might raise the DAP and Urea prices.
Berger Paints Pakistan Limited’s Board meeting is to be held today at 2:00 p.m. to discuss the annual budget for the year 2018-2019.
Currently oil benchmark WTI is trading at 68.38 per barrel down 0.3 percent whereas BRENT was also down by 2.2 percent to $73.90 per barrel despite announcement from OPEC to increase oil output.
The scripts that are at the bottom today in the first half of the current session include Murree Brewery (MUREB), Pak Suzuki Motors (PSMC) and Mari Petroleum (MARI).
