Opening Bell: KSE-100 plunges by a massive 1,053 points on political turmoil

MG News | April 04, 2022 at 10:25 AM GMT+05:00

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April 4, 2022 (MLN): The benchmark KSE-100 index has lost 1,053 points or a 2.33% decline [10:23 PST] so far in morning trade and is currently trading at 44,099 due to ongoing political and constitutional turmoil in the country.

Cement, Commercial Banks, and Technology & Communication sectors have endured the maximum losses so far.

Scrip-wise, LUCK, TRG, HUBC, MEBL, UBL, SYS, and Engro witnessed the highest-selling activity.

In the latest development, the Prime Minister has dissolved assemblies and called an early election. The announcement came minutes after the National Assembly Deputy Speaker Qasim Khan Suri rejected a no-confidence motion against Prime Minister Imran Khan, terming it a contradiction of Article 5 of the Constitution.

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Name	Price/Vol	%Chg/NChg
KSE100	181,114.30 167.94M	1.16% 2079.37
ALLSHR	108,411.21 327.69M	0.95% 1018.48
KSE30	55,689.94 84.62M	1.22% 672.53
KMI30	257,785.62 63.82M	1.21% 3086.54
KMIALLSHR	70,132.44 171.57M	0.94% 654.48
BKTi	51,486.97 39.37M	1.35% 684.56
OGTi	36,350.50 2.62M	0.73% 263.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,085.00	93,970.00 91,595.00	2895.00 3.21%
BRENT CRUDE	60.49	61.24 60.00	-0.26 -0.43%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.01	57.73 56.56	-0.31 -0.54%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%