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	186,518.72 569.86M	0.79% 1456.61
ALLSHR	111,118.66 1,316.08M	0.80% 877.22
KSE30	57,477.09 258.39M	0.70% 397.05
KMI30	263,795.54 229.75M	1.19% 3094.40
KMIALLSHR	71,351.41 638.92M	0.97% 686.81
BKTi	54,665.11 85.30M	0.33% 179.56
OGTi	36,323.86 37.76M	1.28% 460.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,215.00	94,190.00 90,960.00	-1580.00 -1.70%
BRENT CRUDE	59.99	60.93 59.81	-0.71 -1.17%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	98.90	99.40 97.85	0.25 0.25%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.03	57.17 55.76	-1.10 -1.93%
SUGAR #11 WORLD	14.97	15.04 14.69	0.21 1.42%