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	182,569.82 444.26M	-0.75% -1381.69
ALLSHR	109,674.48 1,031.36M	-0.66% -729.71
KSE30	56,029.54 202.34M	-0.74% -415.17
KMI30	256,029.67 178.30M	-0.34% -870.00
KMIALLSHR	69,991.25 493.09M	-0.31% -220.44
BKTi	53,548.03 54.69M	-1.27% -688.00
OGTi	36,594.61 41.89M	1.73% 620.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	97,590.00	98,200.00 94,790.00	2875.00 3.04%
BRENT CRUDE	64.37	66.82 64.17	-1.10 -1.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.90 -2.14%
ROTTERDAM COAL MONTHLY	98.45	98.45 97.50	0.40 0.41%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	60.01	62.36 59.77	-1.14 -1.86%
SUGAR #11 WORLD	14.64	14.98 14.63	-0.25 -1.68%