Midday Report: Bulls on a roll! KSE-100 up 720 pts

MG News | August 20, 2019 at 11:56 AM GMT+05:00

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August 20, 2019: The benchmark KSE-100 index gained another 723 points during initial hours of today’s trade, and pulled the index back above 30, 000 points after an interval of 5 days.

KSE 100 index is currently trading at 30,285 points (at 11:55 PST) which marks a jump of 2.45% over yesterday’s closing quote.

The gains have been extended on hopes that the cross-border tension with India regarding trade, will soon be resolved.

These sentiments brewed up after President of the US Mr. Donald Trump took to his official social media handle to say that, “Spoke to my two good friends, Prime Minister Khan of Pakistan and Prime Minister Modi of India, regarding trade, strategic partnership and most importantly for India and Pakistan to work towards reducing tensions in Kashmir. A tough situation, but good conversations!”

Commercial Banks and E&P are emerging as the best performers today with gains of 305 and 163 points, respectively.

54.3 million Shares worth Rs.2.77 billion have been traded within the benchmark index, as of now.

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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	66,555.00	67,095.00 65,165.00	1370.00 2.10%
BRENT CRUDE	91.27	91.99 87.87	2.05 2.30%
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	84.42	85.03 81.39	1.94 2.35%
SUGAR #11 WORLD	14.90	14.97 14.76	0.08 0.54%