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	170,969.96 336.44M	0.13% 228.62
ALLSHR	103,250.75 845.82M	0.07% 74.54
KSE30	51,977.50 127.39M	0.09% 45.39
KMI30	245,353.37 98.00M	-0.09% -232.43
KMIALLSHR	67,414.98 442.85M	-0.17% -116.87
BKTi	46,049.51 65.24M	0.83% 377.38
OGTi	34,004.12 8.59M	-0.97% -332.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,245.00	86,725.00 85,365.00	260.00 0.30%
BRENT CRUDE	59.97	60.40 59.97	-0.59 -0.97%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.15 1.28%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.24	56.70 56.24	-0.58 -1.02%
SUGAR #11 WORLD	14.93	15.13 14.78	-0.17 -1.13%