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	166,961.01 181.62M	0.87% 1443.50
ALLSHR	99,405.24 362.81M	0.97% 956.47
KSE30	50,558.64 107.46M	0.78% 389.59
KMI30	243,019.66 86.09M	0.76% 1827.26
KMIALLSHR	65,164.33 186.16M	0.92% 592.21
BKTi	45,722.59 35.70M	0.42% 193.35
OGTi	34,412.50 5.35M	0.31% 106.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,690.00	73,440.00 71,570.00	-600.00 -0.83%
BRENT CRUDE	97.57	97.95 96.03	1.65 1.72%
RICHARDS BAY COAL MONTHLY	105.00	105.00 105.00	-0.40 -0.38%
ROTTERDAM COAL MONTHLY	105.50	105.70 105.50	-1.20 -1.12%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	99.43	100.00 97.58	1.56 1.59%
SUGAR #11 WORLD	13.99	14.01 13.91	0.07 0.50%