MG Morning Breeze: Updates to Skim before Market

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MG News | January 26, 2024 at 08:03 AM GMT+05:00

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January 26, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

 Earnest & Young, the Financial Advisor for divestment of Pakistan International Airlines Corp (PSX: PIAA) presented a business plan on Thursday that outlines the investment roadmap and covers the capital and fleet needs of the national carrier. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $243.1 million or 3.03% WoW to $8.27 billion during the week ended on January 19, 2024. Read more

The benchmark KSE-100 index fell 524.43 points or 0.81% to close today's trading session at 64,298. Read more

The Pakistani rupee (PKR) remained stable against the US dollar in Thursday's interbank session and settled the trade at PKR 279.67 per USD, similar to that of the previous session. Read more

Domestic bullion resumed its downward trend on Thursday, with the price of 24-karat gold falling Rs1,400 per tola Rs213,800. Read more

Lucky Core Industries Limited (PSX: LCI) unveiled its profitability for 6MFY24, wherein the profit after tax clocked in at Rs5.07 billion [EPS: Rs54.58] compared to a profit of Rs2.77bn [EPS: Rs29.96] reported in the same period last year (SPLY), reflecting a massive 83.35% YoY growth. Read more

Cotton spot rate rose to Rs21,000 per maund, witnessing a sharp increase of Rs1000 in a day compared to previous day. Read more

The float glass manufacturing facility project in partnership with Lucky Core Industries Limited (PSX: LCI) facility is currently facing delays in the first phase (500 metric tons) due to economic challenges. Read more

Dar es Salaam Textile Mills Limited (PSX: DSML) is currently in the process of completing legal formalities regarding the merger agreement with TPL Life Insurance Limited. Read more

Saudi Pak Leasing Company Limited (SPLC) has made a recovery of an amount of Rs134.645 million and settled a liability of Rs2.75m as of December 31, 2023. Read more

Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has wrapped up 2023 in green as its profitability clocks in at Rs4.15 billion [EPS: Rs2.35]. However, the bottom line has shrunk by 48% YoY as compared to Rs8bn profits in 2022. Read more

Pakistan Cables Limited (PSX: PCAL) recorded a fall of 27.79% YoY in its profits in 1HFY24, with the company's after-tax profits declining to Rs217.97 million [EPS: Rs4.4], compared to a profit of Rs301.87m [EPS: Rs6.1] in the same period last year (SPLY). Read more

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Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 0.00
0.00
-390.00
-0.33%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 0.00
0.00
0.30
0.44%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

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