Midday Report: KSE-100 index bleeds by around 500 points

MG News | February 14, 2023 at 12:15 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 14, 2023 (MLN): In the latest development, the Pakistani stock market has experienced a significant downturn as reports indicate that the International Monetary Fund (IMF) is urging the government to implement a substantial increase in interest rates in order to combat the country's rising inflation.

This news has generated considerable concern among investors, leading to a large-scale selling of equities. As a result, the KSE-100 Index has lost 491 points so far [12:15 PST] and currently trading at the 41,225.61- mark or down by 1.18%.

Sector-wise, Oil & Gas Exploration Companies, Technology and Communication, Commercial Banks, and Cement have witnessed higher selling activity as they have lost around 118, 107, 77, and 53 points, respectively.

Company-wise, the scrips of UPFL, NESTLE, COLG, MARI, and ABOT have endured the maximum losses.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,305.00	65,355.00 65,035.00	130.00 0.20%
BRENT CRUDE	82.38	84.44 81.50	-0.11 -0.13%
RICHARDS BAY COAL MONTHLY	105.50	105.50 105.50	-0.25 -0.24%
ROTTERDAM COAL MONTHLY	116.25	117.00 116.25	-0.10 -0.09%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	77.08	78.77 76.53	-0.21 -0.27%
SUGAR #11 WORLD	16.49	16.50 15.49	0.92 5.91%