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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Name	Price/Vol	%Chg/NChg
KSE100	176,133.57 448.77M	0.12% 205.83
ALLSHR	106,568.82 1,000.73M	0.14% 149.03
KSE30	52,663.90 106.37M	0.09% 48.09
KMI30	247,838.42 145.61M	0.01% 22.07
KMIALLSHR	68,255.80 586.07M	0.03% 23.11
BKTi	50,243.89 28.25M	0.32% 158.69
OGTi	34,622.42 7.25M	-0.35% -120.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,575.00	67,095.00 65,165.00	1390.00 2.13%
BRENT CRUDE	91.45	91.99 87.87	2.23 2.50%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	120.25 119.50	-0.25 -0.21%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	84.65	85.03 81.39	2.17 2.63%
SUGAR #11 WORLD	14.90	14.97 14.76	0.08 0.54%