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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Posted on: 2024-01-26T08:03:15+05:00
