Midday Report: Policy rate cut anticipation pushes the index up by 755 pts

MG News | September 12, 2019 at 01:02 PM GMT+05:00

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September 12, 2019 (MLN): The benchmark KSE-100 index has gained another 755 points in the intraday session so far and is currently trading at 31,710 points [12:54 PST]. As of now, the index has touched an intraday high of 31729 and an intraday low of 30950 points.

The gains have been extended on hopes that the policy rates will be cut which brought excitement in the air.

Furthermore, Commercial Banks, Fertilizer and Oil & Gas Exploration Companies are making the maximums gains thus far.

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Name	Price/Vol	%Chg/NChg
KSE100	135,939.87 307.74M	-0.41% -562.67
ALLSHR	84,600.38 877.08M	-0.56% -479.52
KSE30	41,373.68 101.15M	-0.43% -178.94
KMI30	191,069.98 82.45M	-1.17% -2260.79
KMIALLSHR	55,738.07 422.01M	-1.03% -577.24
BKTi	38,489.75 45.79M	-0.02% -8.33
OGTi	27,788.15 6.87M	-1.24% -350.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,730.00	120,695.00 116,090.00	-3505.00 -2.92%
BRENT CRUDE	68.82	69.41 68.60	-0.39 -0.56%
RICHARDS BAY COAL MONTHLY	96.50	96.50 96.50	0.50 0.52%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.25	-2.05 -1.92%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.66	67.13 66.22	-0.32 -0.48%
SUGAR #11 WORLD	16.56	16.61 16.25	0.26 1.60%