Opening Bell: Anticipation of equity bailout raises KSE-100's game

MG News | May 22, 2019 at 10:46 AM GMT+05:00

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May 22, 2019 (MLN): The KSE 100 index has gained another 719 points in the early hours of the session, and is trading at 34,161 points as of now. Anticipation of the equity bailout fund seems to be strongly driving the investors’ confidence.

Furthermore, the market participants gained some respite from Forex position, as PKR appreciated in early trade and was being quoted at 151.60/90, compared to the previous day’s close of 151.92. However, it’s still too soon to speculate if the Dollar Rupee parity will settle at this rate.

Fertilizer sector, E&P companies and Commercial Banks seem to be the major driving forces behind this development, as they have collectively contributed around 402 points to the index.

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Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,625.00	92,995.00 91,310.00	-1215.00 -1.31%
BRENT CRUDE	63.13	63.43 63.06	-0.13 -0.21%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.00	0.00 0.00	-0.20 -0.21%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.52	59.78 59.42	-0.15 -0.25%
SUGAR #11 WORLD	14.96	15.02 14.82	0.08 0.54%