KSE-100 index loses 818 points in early trade

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By MG News | December 02, 2021 at 10:27 AM GMT+05:00

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December 2, 2021 (MLN): The benchmark KSE-100 index has so far lost 818 points [10:22 am] in an early trade and is currently trading at 44,551 as the market was weighed by the increase in cut-off yields on three months treasury bills (T-Bills).

This increase in yields created panic in equity markets. To note, yields on 3M T-Bills in auction held on Wednesday jumped by 228 basis points as the government only accepted bids worth Rs504.3 billion in all three tenors against a target of Rs750bn.

The investors' sentiments was also knocked down by looming uncertainty on the macro front amid ballooning merchandise trade deficit that reached $20.746bn in July-November FY22 from $9.549bn in the corresponding period last year.

Cement, Commercial Banks and Technology & Communication have witnessed higher selling activity as they have lost around 210, 108, and 95 points respectively.

Company-wise, the scrips of LUCK, SYS , TRG, HUBC and HBL have endured the maximum losses.

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97.74M
-0.21%
-276.27
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358.30M
-0.18%
-146.88
KSE30 40,561.76
31.75M
-0.35%
-143.54
KMI30 191,869.47
40.90M
-0.37%
-711.21
KMIALLSHR 55,740.40
203.72M
-0.17%
-95.31
BKTi 36,138.62
5.34M
-0.49%
-178.55
OGTi 28,475.34
2.87M
-0.24%
-67.62
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,570.00 108,880.00
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0.11%
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ROTTERDAM COAL MONTHLY 106.00 106.75
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USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.76 67.97
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