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	161,984.09 154.38M	-0.07% -118.84
ALLSHR	98,189.94 489.34M	-0.24% -234.12
KSE30	49,161.36 58.13M	-0.04% -17.30
KMI30	230,829.80 70.22M	-0.17% -400.50
KMIALLSHR	63,732.08 225.59M	-0.47% -301.79
BKTi	43,965.77 15.52M	-0.07% -31.87
OGTi	31,602.70 8.41M	-1.33% -424.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,010.00	88,770.00 87,835.00	-1165.00 -1.31%
BRENT CRUDE	63.22	63.36 63.15	-0.15 -0.24%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.30	96.30 96.30	1.00 1.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.75	58.96 58.69	-0.09 -0.15%
SUGAR #11 WORLD	14.85	14.96 14.70	0.07 0.47%