KSE-100 succumbs to pressure while PKR regains lost ground in early trade

MG News | April 10, 2020 at 11:02 AM GMT+05:00

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April 10, 2020 (MLN): The KSE-100 index has lost 351 points in the intraday session and is currently trading at 31,487 points. Earlier, the benchmark index was trading 450 points lower.

The market seems to be led down by the decision of OPEC+ countries, in which all except Mexico decided to cut output in May and June by 10 million barrels per day.

As of now, E&P Companies and Commercial Banks are facing the maximum brunt.

On the other hand, the Pakistani Rupee regained lost ground and appreciated in early trade ground as it strengthened by another 88 paisa early in the session with trades reported at 166.40

It is pertinent to mention that PKR has been under immense pressure since early March, mainly due to the decline in State Bank’s reserves by over $2.06 billion.

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KSE100	164,467.20 177.74M	0.88% 1428.73
ALLSHR	99,729.91 400.48M	0.85% 842.22
KSE30	48,442.40 98.87M	0.73% 351.39
KMI30	235,633.53 48.82M	0.71% 1656.68
KMIALLSHR	64,521.14 241.88M	0.67% 428.23
BKTi	45,328.82 13.90M	1.11% 496.19
OGTi	33,560.54 2.08M	0.55% 182.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,670.00	81,360.00 80,635.00	-75.00 -0.09%
BRENT CRUDE	114.32	114.70 114.11	0.44 0.39%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.55 0.43%
ROTTERDAM COAL MONTHLY	146.75	146.75 146.75	-0.50 -0.34%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	100.36	100.75 99.75	0.46 0.46%
SUGAR #11 WORLD	19.20	19.42 19.03	0.10 0.52%