Opening Bell: KSE-100 plunges by 481 points

MG News | March 02, 2022 at 09:39 AM GMT+05:00

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March 02, 2022 (MLN): The benchmark KSE-100 index has lost 481 points or a 1% decline [9:38 PST] so far in morning trade and is currently trading at 44,341.94 due to supply disruptions from the Ukraine crisis and sanctions against Russia.

Cement, Technology & Communication, Commercial Banks sectors have witnessed selling activity as they lost 125, 36, and 19 points respectively so far.

As coal prices increased sharply to $300/ton, which brought the cement sector under modest pressure today, a research note by Ismail Iqbal Securities said.

Company-wise, the scrips of LUCK, SYS, PSO, DAWH, ENGRO, MARI, MLCG, HUBC and TRG have endured the maximum losses.

While commodity prices, especially coal and oil, surged due to the increasing geopolitical risks amid uncertainty on Russian supplies, the day started with a sharp decline in the domestic stock market, which is in line with global markets, Shayan Jaan, Equity Trader at Intermarket Securities told Mettis Global.

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Name	Price/Vol	%Chg/NChg
KSE100	173,150.42 424.96M	-0.75% -1303.52
ALLSHR	104,363.56 708.75M	-0.58% -607.69
KSE30	52,816.28 179.58M	-0.72% -382.25
KMI30	245,363.66 125.15M	-0.41% -1015.13
KMIALLSHR	67,373.39 398.72M	-0.35% -233.28
BKTi	49,278.66 105.95M	-1.36% -677.84
OGTi	34,757.87 15.47M	1.78% 609.42

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,245.00	70,170.00 67,325.00	-590.00 -0.86%
BRENT CRUDE	67.75	69.04 67.25	-0.90 -1.31%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-2.25 -2.29%
ROTTERDAM COAL MONTHLY	105.50	105.50 105.50	0.15 0.14%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.85	64.14 62.33	-0.04 -0.06%
SUGAR #11 WORLD	13.66	13.86 13.61	0.17 1.26%