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

By 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	128,199.43 336.91M	2.05% 2572.11
ALLSHR	79,787.62 1,023.63M	1.53% 1202.91
KSE30	39,105.00 121.90M	2.49% 951.21
KMI30	186,915.61 131.16M	1.10% 2029.11
KMIALLSHR	54,201.88 553.60M	0.81% 438.07
BKTi	33,476.68 51.49M	4.87% 1555.00
OGTi	27,962.58 9.77M	0.68% 188.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	106,545.00	106,565.00 105,440.00	795.00 0.75%
BRENT CRUDE	67.13	67.29 67.05	0.02 0.03%
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	65.45	65.65 65.34	0.00 0.00%
SUGAR #11 WORLD	15.70	16.21 15.55	-0.50 -3.09%