Midday Report: KSE-100 jumps over 1% to top 80,000
MG News | July 03, 2024 at 12:00 PM GMT+05:00
July 03, 2024 (MLN): Bulls maintained their momentum at the Pakistan Stock Exchange (PSX) on Wednesday, pushing the benchmark KSE-100 index above the 80,000 level in the early trading hours.
The KSE-100 Index was up 848.32 points or 1.07% to trade at 80,401.2 by 12:00pm.
Yesterday, the Index surged 728.55 points or 0.92%.

KSE-100 index was being supported by Commercial Banks (+263.64pts), Oil & Gas Exploration Companies (+217.51pts), Cement (+92.60pts), Fertilizer (+76.54pts), and Oil & Gas Marketing Companies (+67.52pts).
Companies adding points to the index were POL (+106.42pts), HBL (+96.41pts), FFC (+46.93pts), OGDC (+42.65pts), and NBP (+41.84pts).
In the broader market, the All-Share index was at 50,903.10 with a net gain of 495.86 points or 0.98%.
In a recent development, the Privatization Commission (PC) has set the deadline for the privatization process of Pakistan International Airlines (PSX: PIAHCLA) for August 2024.
Its shares have jumped 29.5% in the past three trading sessions.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,478.94 174.95M | -0.41% -696.57 |
| ALLSHR | 102,885.54 725.60M | -0.29% -297.60 |
| KSE30 | 50,877.61 79.52M | -0.67% -344.88 |
| KMI30 | 243,917.86 73.26M | -0.62% -1524.88 |
| KMIALLSHR | 66,743.35 311.96M | -0.35% -234.16 |
| BKTi | 46,317.47 21.24M | -0.81% -377.00 |
| OGTi | 35,218.63 5.39M | -1.33% -473.03 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,885.00 | 62,405.00 59,600.00 | 370.00 0.61% |
| BRENT CRUDE | 92.78 | 95.90 92.67 | -2.25 -2.37% |
| RICHARDS BAY COAL MONTHLY | 122.00 | 122.00 121.00 | -0.75 -0.61% |
| ROTTERDAM COAL MONTHLY | 134.35 | 138.25 134.00 | 0.30 0.22% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 90.25 | 93.63 89.68 | -2.79 -3.00% |
| SUGAR #11 WORLD | 14.12 | 14.50 14.09 | -0.15 -1.05% |
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