Midday Report: The Benchmark Index gains 530 pts

MG News | November 11, 2019 at 11:34 AM GMT+05:00

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November 11, 2019 (MLN): The KSE-100 index has gained 530 points in the intraday session, and is currently trading at 36,508-level [11:32 a.m.].

The positive sentiments prevail in the market as Pakistan and IMF reached a staff-level agreement on the first review under the Extended Fund Facility on Friday, according to which Islamabad will receive another instalment of US$450mn.

Moreover, the govt. announced to supply electricity athe flat rate of PKR11.97/unit for winter applicable from the current month till Feb’20 to encourage industrial production and commercial activities.

Commercial Banks, Cement and E&P Companies have emerged as the top performers, as they have gained 103, 58 and 36 points respectively so far.

Company-wise, the scrips of HUBC, UBL, LUCK, HBL, PSO and ENGRO have captured the maximum gains as of now.

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Name	Price/Vol	%Chg/NChg
KSE100	161,687.18 521.41M	-0.15% -248.01
ALLSHR	98,075.27 1,212.38M	0.09% 85.63
KSE30	48,950.98 123.60M	-0.27% -132.15
KMI30	230,724.42 106.87M	-0.37% -866.15
KMIALLSHR	63,750.70 842.75M	0.03% 20.32
BKTi	44,377.56 31.96M	-0.30% -133.71
OGTi	31,123.97 14.36M	-0.34% -105.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,085.00	92,305.00 91,205.00	115.00 0.13%
BRENT CRUDE	63.99	64.02 63.91	-0.21 -0.33%
RICHARDS BAY COAL MONTHLY	85.75	85.75 85.75	0.50 0.59%
ROTTERDAM COAL MONTHLY	96.45	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.66	59.81 59.57	-0.25 -0.42%
SUGAR #11 WORLD	14.75	14.94 14.65	-0.21 -1.40%