KSE-100 loses 684 points amidst fear of hike in interest rates

MG News | July 15, 2019 at 02:15 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 15, 2019 (MLN): The KSE 100 index has lost around 684 points towards the end of closing, and is currently trading at 32,987 points. This unfavorable performance is a direct response to uncertainty and fear hovering around the Monetary Policy announcement, which is scheduled to take place on Tuesday, i.e. tomorrow.

Commercial Banks, Fertilizer sector and E&P companies seem to be the major driving forces behind this deterioration, as they have collectively taken away around 309 points from the index.

Up till now, the index has touched an intraday low of 32,983 points.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,820.00	63,715.00 62,725.00	-655.00 -1.03%
BRENT CRUDE	86.96	88.69 86.20	-0.11 -0.13%
RICHARDS BAY COAL MONTHLY	110.25	0.00 0.00	-0.40 -0.36%
ROTTERDAM COAL MONTHLY	122.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.53	82.99 80.71	0.28 0.34%
SUGAR #11 WORLD	16.71	16.85 16.69	-0.11 -0.65%