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	188,380.39 423.53M	0.09% 177.53
ALLSHR	112,632.58 952.35M	0.19% 209.35
KSE30	58,032.20 111.39M	0.13% 75.72
KMI30	267,197.87 107.19M	-0.07% -177.46
KMIALLSHR	72,476.12 511.85M	0.16% 112.92
BKTi	53,757.31 35.30M	0.51% 271.34
OGTi	39,295.91 17.16M	0.97% 379.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,490.00	90,525.00 88,770.00	100.00 0.11%
BRENT CRUDE	68.50	68.53 67.12	0.93 1.38%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.50	98.50 98.50	0.00 0.00%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.36	63.52 62.07	0.97 1.55%
SUGAR #11 WORLD	14.72	14.87 14.67	-0.11 -0.74%