January 29, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
January will begin a sharp disinflation trend, with the headline inflation expected to soften to 27.2% YoY due to the favourable base effect. Read more
Foreign investors recorded the highest net purchase of securities via Specially Convertible Rupee Accounts (SCRA) since February 14, 2020, amounting to Rs18.56 billion for the week ending January 19, 2024. Read more
Domestic bullion continued its downward trend for the fourth consecutive week as the price of 24-karat gold dropped by Rs1,400 per tola to Rs213,900. Read more
The benchmark KSE-100 index closed this week at 63,813 showing an increase of 531 points or 0.84%. Read more
The Pakistani rupee (PKR) continued its upward spree this week and gained a marginal 30 paisa to settle at PKR 279.59, as compared to the previous week's closing of PKR 279.9 per USD. Read more
Foreign investors' repatriation of profit and dividends soared by 2.61x YoY in 1HFY24 to $567.7 million compared to $217.6m worth of repatriation in the same period last year. Read more
The VIS Credit Rating Company Limited (VIS) has assigned an initial rating to Sazgar Engineering Works Limited (PSX: SAZEW) of ‘A’ for long term and ‘A-2’ for short term with a stable outlook forecast. Read more
Attock Refinery Limited (PSX: ATRL) is planning the refinery turnaround to carry out essential maintenance with effect from February 10, 2024, for a period of about one month. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group fell by 0.14% WoW during the week ended January 25, 2024, while the SPI by 43.79% YoY compared to the corresponding period from last year. Read more
Atlas Honda Limited (PSX: ATLH) reported its profitability for nine months ended December 31, 2023, wherein the profit after tax clocked in at Rs6.08 billion [EPS: Rs49.01] compared to a profit of Rs3.69bn [EPS: Rs29.72] in the same period last year (SPLY). Read more
The National Savings has announced a revision in the savings account profit rate, which has been slashed by up to 2.83%. Read more
Ultimate Whole Foods (Private) Limited, the subsidiary of Chashma Sugar Mills Limited (PSX: CHAS) has commenced its commercial production after completing its trial run. Read more
Lucky Cement Limited (PSX: LUCK) recorded a surge of 2.15x YoY in its profits in the first half of FY24, with the company's after-tax profits rising to Rs38.32 billion [EPS: Rs117.19]. Read more
Copyright Mettis Link News
Posted on: 2024-01-29T08:16:20+05:00
