Opening Bell: KSE-100 index loses 509 points

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By MG News | March 07, 2022 at 09:43 AM GMT+05:00

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March 07, 2022 (MLN): In line with Asian markets, the benchmark KSE-100 index has also plunged on the rising fear among investors over the deteriorating situation between Russia and Ukraine, losing 509 points or a 1.1% decline [9:44 PST] so far in morning trade and is currently trading at 44,067.28.

Investors' sentiments have also dampened over the raging commodity prices as the oil prices soared to a near 14-year high and safe-haven gold traded beyond the mark of $2,000 in the international market. 

On the domestic front, the market participants are being cautious about the upcoming monetary policy announcement as the monetary policy committee (MPC) will have to take into account not only the short-to-medium outlook for inflation, commodity prices and current account deficit but also the political sentiment in the country.

Meanwhile, Pakistan remained on the grey list of the Financial Action Task Force (FATF) despite the fact that Pakistan had fulfilled the anti-money laundering watchdog's maximum technical requirements which also shattered traders' confidence. 

Cement, Technology & Communication, Fertilizer sectors have witnessed selling activity as they lost 85, 74, and 67 points respectively so far.

Scrip wise, LUCK, HUBC, TRG, EFERT, MTL, SYS, MARI, and ENGRO have endured the maximum losses.

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Name Price/Vol %Chg/NChg
KSE100 129,742.24
142.25M
1.20%
1542.81
ALLSHR 80,731.19
393.25M
1.18%
943.57
KSE30 39,695.91
57.30M
1.51%
590.91
KMI30 188,738.41
48.66M
0.98%
1822.80
KMIALLSHR 54,596.87
177.29M
0.73%
394.99
BKTi 34,658.54
28.25M
3.53%
1181.86
OGTi 28,053.59
3.26M
0.33%
91.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,975.00 107,020.00
105,440.00
1225.00
1.16%
BRENT CRUDE 67.24 67.29
67.05
0.13
0.19%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.54 65.65
65.34
0.09
0.14%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

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