March 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The benchmark KSE-100 Index surged 626.04 points or 0.96% to close at 65,951.73 on Monday, the highest since mid-December 2023, as the political uncertainty eased. Read more
The Pakistani rupee (PKR) depreciated by 7 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 279.26, as compared to the previous day's closing of PKR 279.19 per USD. Read more
Shehbaz Sharif's return as prime minister increases Pakistan's chances of securing a new aid package from the International Monetary Fund (IMF) after the existing program ends in April. Read more
The Karachi Interbank Offered Rate (KIBOR) dropped sharply on Monday following the release of soft February inflation numbers. Read more
Unilever Pakistan Foods Limited (PSX: UPFL) has recorded a profit of Rs9.74 billion [EPS: Rs1,529.68] for the year ending December 31, 2023, marking a 22.53% YoY increase from the profit of Rs7.95bn [EPS: Rs1,248.41] recorded in 2022. Read more
The shareholders of Ghani Chemical Industries Limited (PSX: GCIL) have resolved to withdraw the resolution passed by Service Fabrics Limited for an equity investment of Rs650 million in Kilowatt Labs Technologies Limited for the setup of a Super Capacitors Project. Read more
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of D.G. Khan Cement Company Limited (PSX: DGKC) at 'AA-' for the long term and 'A1+' for short term with a stable outlook forecast. Read more
Domestic bullion extended its winning streak on Monday with the price of 24-karat gold rising Rs900 per tola to Rs221,200. Read more
Cotton arrivals in Pakistan reached 8.39 million bales as of March 01, 2024, marking a shortfall of approximately 32% compared to the season's target, as per the latest data released by the Pakistan Cotton Ginners Association (PCGA). Read more
Bank Makramah Limited (PSX: BML) announced its results for the year ended December 31, 2023, wherein the bank’s net widened by84.5% YoY to Rs5.88 billion [LPS: Rs1] compared to Rs3.19bn [LPS: Rs1.21] loss recorded in the same period last year (SPLY). Read more
China and Pakistan will continue to deepen the China-Pakistan all-weather strategic cooperative partnership to bring more benefits for the people of the two countries, Chinese President Xi Jinping on Sunday said while congratulating Shehbaz Sharif on becoming the Prime Minister of the Islamic Republic of Pakistan. Read more
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Posted on: 2024-03-05T08:00:24+05:00
