KSE-100 tumbles by 1.11% in intraday trade

May 12, 2022 (MLN): Amid negative rupee-dollar parity and lack of clarity regarding the IMF programme, the benchmark KSE-100 index on Thursday has further plunged by 481 points or a 1.1% decline [11:44 am PST] so far in the intraday trade and is currently trading at 42,388 points level.

The Pakistani rupee (PKR) has lost 73 paisa amid heating up politics and weak macros including higher import bill along with a delay in the IMF tranche.

Sector-wise, Fertilizer and Bank have witnessed higher selling activity as they lost 108 and 83 points respectively, followed by Gas Exploration Companies,  Technology, and Cement with 65, 60, and 58 points respectively so far.

Company-wise, the scrips of FFC, SYS, LUCK, PPL, BAHL, EFERT, and ENGRO have endured maximum losses.

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Posted on: 2022-05-12T11:38:06+05:00