Opening Bell: KSE-100 index surges by 1,058 points

MG News | April 11, 2022 at 10:22 AM GMT+05:00

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April 11, 2022 (MLN): The benchmark KSE-100 index has gained 1,058 points or a 2.35% increase [10:19 PST] so far in morning trade and is currently trading at 45,503 after much clarity on the political front.

To recall, Pakistan's lower house of parliament on Sunday voted in favour of removing Prime Minister Imran Khan from office, following which PML-N President Shahbaz Sharif seems all set to be elected as the new prime minister in National Assembly’s session today.

For now, the market is likely to focus on the relative calm after the high political noise over the last few weeks, a note by Intermarket Securities said.

The KSE100 rose by 1.5% on Friday, after the Supreme Court ruled for the No-Confidence Vote to go ahead.

Commercial Banks, Cement, Technology & Communication, and Fertilizers sectors have witnessed the maximum gains so far.

Scrip-wise, LUCK, SYS, HUBC, UBL, MEBL, and TRG observed the highest-buying activity.

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Name	Price/Vol	%Chg/NChg
KSE100	177,373.76 236.42M	-0.95% -1710.04
ALLSHR	106,122.88 1,067.33M	-0.79% -846.42
KSE30	51,735.03 151.51M	-0.95% -495.26
KMI30	253,872.99 123.80M	-0.86% -2200.84
KMIALLSHR	68,578.42 494.23M	-0.64% -445.16
BKTi	48,841.40 32.08M	-1.14% -564.09
OGTi	35,095.69 8.93M	-0.04% -15.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,460.00	74,300.00 71,230.00	-3265.00 -4.37%
BRENT CRUDE	93.96	94.40 91.19	1.20 1.29%
RICHARDS BAY COAL MONTHLY	127.15	127.15 127.15	0.90 0.71%
ROTTERDAM COAL MONTHLY	136.65	136.65 136.00	0.50 0.37%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	86.95	87.75 85.13	0.42 0.49%
SUGAR #11 WORLD	18.17	18.56 17.96	-0.31 -1.68%