Market Update - Index Down, Rupee Weakens and SBP Injects Rs.40 Billion for 3 Days

KSE100 Index was down 233.76 points at 32,472.46 at 14:00 PST. The index was positive briefly at the start of the session before declining. Volume traded was 109 million shares with trade taking place in 276 companies out of which 84 were up 180 were down while 12 were unchanged.

PKR ended Tuesday's session with a 35 paisa decline to close at 104.70/77. It opened at 104.40/104.50 and was mostly quoted between 104.55 and 104.70.

The Central Bank injected Rs.40 Billion in a 3 Day OMO, it received 8 quotes Ranging from 6.11% to 6.07% for a total amount of Rs.72 Billion. The SBP Accepted all 8 quotes at 6.07 %, however of the Rs.41 Billion offered at 6.07% the SBP accepted Rs.9.0 Billion on Pro-Rata basis.

The Money Market ON Rate was 6.00/6.25 and 6 Month Kibor was set at 6.11/6.36.