Midday Report: KSE-100 jumps over 1% to top 80,000

MG News | July 03, 2024 at 12:00 PM GMT+05:00

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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	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,450.00	113,390.00 108,205.00	-4290.00 -3.81%
BRENT CRUDE	67.45	67.94 67.29	-0.53 -0.78%
RICHARDS BAY COAL MONTHLY	92.00	0.00 0.00	2.10 2.34%
ROTTERDAM COAL MONTHLY	99.60	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%