March 04, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan's stock market extended its rally for the second consecutive week, with the benchmark KSE-100 index gaining 2,510 points or 4% WoW to close at 65,326. Read more
The domestic bullion market witnessed substantial gains this week, with the price of 24-karat gold surging by Rs5,200 per tola to Rs220,300 at the close. Read more
The Pakistani rupee (PKR) gained around 17 paisa against the U.S. Dollar this week and settled at PKR 279.19 per USD, compared to the previous week's closing of PKR 279.36 per USD. Read more
Mr. Mohammad Shoaib has resigned from the esteemed position of Chief Executive Officer at Al Meezan Investment Management Limited. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.27% WoW during the week ended February 29, 2024, while the SPI rose 32.73% YoY compared to the corresponding period from last year. Read more
The benchmark KSE-100 index, which had dropped as much as 4,952 points or 7.7% in the aftermath of the national polls, has now erased all its losses and gained around 800 points since February 08, 2024. Read more
The sales of oil marketing companies (OMCs) dropped by 19% MoM to clock in at 1.12 million tonnes (MTs) in February 2024 compared to 1.38 MTs in January 2024. Read more
The net sale of securities for the week ended February 23, 2024, clocked in at Rs53.12m, as compared to a net purchase worth Rs1.49bn recorded last week. Read more
The National Bank of Pakistan (PSX: NBP) is poised to keep its Capital Adequacy Ratio (CAR) well above the standard limit of 14% after incorporating the financial impact of pension liability that is worth around Rs98 billion. Read more
Pakistan's trade deficit for February improved by 13.49% MoM to $1.71 billion compared to a deficit of $1.98bn in January 2024. Read more
The consumer price index (CPI) in February 2024 slowed to a 20-month low of 23.1% YoY, compared to 28.34% YoY in the last month and 31.5% YoY in February 2023. Read more
The Oil and Gas Regulatory Authority (OGRA) has reduced the price of Liquefied Petroleum Gas (LPG) by Rs0.81 per kg. Read more
Extending its journey of continuous success, the banking sector has wrapped the financial year 2023 with remarkable resilience, as the majority of the banks witnessed record-high profits and dividend payouts. Read more
Engro Fertilizers Limited (PSX: EFERT) has increased the dealer transfer price of Urea by Rs740 per bag, less than market expectations. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah-compliant Modarabah-based Open Market Operation (OMO), in which it cumulatively injected a total of Rs8.09 trillion into the market. Of which Rs7.9tr were injected through reverse repo OMO. Read more
Symmetry Group Limited (PSX: SYM) has recently finalized a collaboration with Aletheia-Al, a Singapore-based startup, to help boost the company's revenue. Read more
Oilboy Energy Limited (PSX: OBOY) losses after tax surged to Rs29.86 million [LPS: Rs1.19] in 1HFY24, compared to a loss of Rs1.79m [LPS: Rs0.08] in the same period last year (SPLY). Read more
The Searle Company Limited (PSX: SEARL) reported its profit and loss statement for the six months ended December 31, 2023, wherein the profit after tax shrank to Rs8.52 million [EPS: Rs0.03]. Read more
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Posted on: 2024-03-04T07:07:47+05:00
