February 06, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The record-breaking stock market's benchmark KSE-100 Index may continue its leg higher after the February 08 elections, according to historical data. Read more
The Pakistani rupee (PKR) has reversed its course against the US Dollar in the past few months after plunging to record lows and finishing 2023 as one of Asia’s worst performers. Read more
The benchmark KSE-100 index closed this week at 63,003 showing a decrease of 810 points or 1.27%. Read more
The rally in Pakistan’s dollar bonds, Asia’s top performer in January, is set to face hiccups as investors await a new leader to strike a funding deal with the International Monetary Fund to keep the economy afloat. Read more
After snapping its four-week-long losing streak, the domestic bullion has started the new week under the red zone as the price of 24-karat gold plunged by Rs1,200 per tola to Rs214,800 on Monday. Read more
Cotton arrivals in Pakistan reached 8.35 million bales as of January 31, 2024. Read more
The Caretaker Prime Minister, Anwaar-ul-Haq Kakar on Saturday witnessed the signing of a commercial agreement between The Authority of Karachi Port Trust Pakistan and Abu Dhabi Ports Group, UAE. Read more
The newly established Special Investment Facilitation Council (SIFC) is taking practical steps to remove hurdles in the way of foreign investors undertaking profitable business ventures in Pakistan. Read more
A Financial Advisory Services Agreement (FASA) was signed on Friday with a consortium led by Jones Lang La Salle Americas Inc (JLL) for joint venture development of Roosevelt Hotel, New York, USA, a property owned by Pakistan International Airlines Corp (PSX: PIAA). Read more
The Securities and Exchange Commission of Pakistan (SECP), through a notification dated January 24, 2024, has introduced amendments to the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. Read more
RMS (Private) Limited has extended the deadline for the Public Announcement of the Offer to acquire up to 8.474 million (63.56%) ordinary shares and control of Baluchistan Wheels Limited (PSX: BWHL) by an additional period of 90 days, i.e., until May 05, 2024. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group fell by 0.28% WoW during the week ended February 01, 2024, while the SPI increased by 39.45% YoY compared to the corresponding period from last year. Read more
The government is targeting to raise Rs2.845 trillion during the next three months (February -April) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more
Ahead of elections next week, Pakistan's caretaker administration is making binding plans for a new government to sell loss-making PIAA. Read more
The Economic Coordination Committee (ECC) of the Cabinet on Thursday considered and approved the transition from London Inter-Bank offer rate (Libor) to Secured Over Night Financing Rate (SOFR). Read more
Copyright Mettis Link News
Posted on: 2024-02-06T08:39:01+05:00
