KSE-100 Index surges above 46,000 as SBP maintains policy rate

MG News | September 15, 2023 at 10:34 AM GMT+05:00

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September 15, 2023 (MLN): The benchmark KSE-100 Index has regained the crucial 46,000 level, rising by around 390 points or 0.81% on Friday during early trade [10:34am PST].

The market welcomed the SBP’s decision to keep the policy rate unchanged at 22%, contrary to the expectations of a 100-200 basis points hike.

The SBP cited the latest inflation outturn reflecting the continuing declining trend in inflation from its peak of 38% in May to 27.4% in August 2023 for maintaining the status quo.

The total Volume of the KSE100 Index was 34.85 million shares.

The KSE-100 index gained points from various sectors, led by Cement with 106.54pts. Other sectors that contributed positively were Commercial Banks with 47.64, Oil & Gas Exploration Companies with 45.53, Miscellaneous with 25.63, and Power Generation & Distribution with 23.26pts.

Among the companies, LUCK was the top contributor to the KSE-100 index, with 43.55 points, followed by PSEL with 28.08 points, MCB with 22.09 points, OGDC with 19.69 points, and CHCC with 19.23 points.

**Top Ten by Volume**
Company	Volume
MLCF	8,304,086
TELE	2,409,476
WTL	2,382,176
NCPL	2,114,500
PPL	1,897,256
OGDC	1,863,555
PRL	1,762,730
SNGP	1,761,283
FCCL	1,685,000
TRG	1,623,574

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Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,635.00	76,750.00 75,655.00	860.00 1.13%
BRENT CRUDE	109.35	114.70 107.07	-1.09 -0.99%
RICHARDS BAY COAL MONTHLY	113.00	113.00 113.00	-1.30 -1.14%
ROTTERDAM COAL MONTHLY	111.00	112.00 110.05	0.55 0.50%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	105.34	110.93 103.50	-1.54 -1.44%
SUGAR #11 WORLD	14.58	14.85 14.49	-0.19 -1.29%