MG Morning Breeze: Updates to Skim before Market
MG News | September 11, 2023 at 07:31 AM GMT+05:00
September 11, 2023 (MLN): The aim of Morning Breeze is to lessen the load for its readers by curating noteworthy updates from the preceding day.
A total of $6 billion dollar inflow is expected within fiscal year 2024. Read more
The Pakistani rupee (PKR) appreciated by 2 rupees against the US dollar in Friday's interbank session as the currency settled the trade at PKR 302.9482 per USD. Read more
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Gas price hike possible amid circular debt crisis
Given the pressing concerns regarding the circular debt, it is deemed necessary to increase gas prices across the board as a vital step towards addressing the crisis. Read more
The 24-karat gold concluded the week at Rs212,000 per tola, witnessing a cumulative loss of Rs27,800 or 11.59% WoW. Read more
The State Bank of Pakistan (SBP) has suspended the authorization of Usman International Exchange Company –B (Pvt) Limited. Read more
The government aims to raise Rs10.56 trillion during the next three months (September-November) of FY24. Read more
Pakistan is confronting risks with implementing the International Monetary Fund (IMF) program and external funding amid large external financing requirements and a volatile political climate. Read more
The World Bank and Ministry of Finance, Revenue, Economic Affairs, and Privatization target disbursements of around $2 billion during FY24. Read more
Pakistan Customs seized large quantities of essential commodities worth approximately Rs2.25 billion during the last fortnight in various operations across the country. Read more
Military leadership has reaffirmed its unwavering support to assist the government in curbing all illegal activities that hinder economic growth, stability, and investor confidence. Read more
The Pakistan stock market concluded the week on a positive note, with the KSE-100 index closing just above the 46,000 mark on Friday. It recorded a gain of 256.25 points. Read more
Amreli Steels Ltd. (PSX: ASTL) unveiled its financial statement for the year ended 30 June 2023, wherein the loss after tax clocked in at 678.44 million [LPS: Rs2.28]. Read more
The management of Sitara Peroxide Limited (PSX: SPL) has decided to extend the suspension of plant operation and production activities for another 30 days. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group inched up by 0.96% WoW during the week ended September 07, 2023. Read more
Interloop Limited (PSX: ILP) is all set to bolster its presence on the international stage through the acquisition of a controlling interest in Top Circle Hosiery Mills Co., Inc. USA. Read more
The Digital Economy Enhancement Project will allow all government systems to be linked, allowing citizens to access all services from a single platform. Read more
National Foods Limited (PSX: NATF) witnessed a remarkable surge in profitability, recording a 41.01% YoY increase for the year ended 30 June 2023. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,852.49 168.28M | 0.58% 987.96 |
| ALLSHR | 103,298.03 398.87M | 0.56% 572.90 |
| KSE30 | 52,002.90 77.28M | 0.64% 332.48 |
| KMI30 | 246,069.17 63.81M | 0.75% 1838.35 |
| KMIALLSHR | 67,557.05 221.38M | 0.62% 415.22 |
| BKTi | 45,666.39 21.20M | 0.34% 155.14 |
| OGTi | 34,271.47 15.73M | 1.43% 484.42 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 89,820.00 | 90,250.00 87,745.00 | -620.00 -0.69% |
| BRENT CRUDE | 61.41 | 61.50 61.07 | 0.29 0.47% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 1.00 1.11% |
| ROTTERDAM COAL MONTHLY | 97.30 | 0.00 0.00 | 0.60 0.62% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.70 | 57.80 57.38 | 0.26 0.45% |
| SUGAR #11 WORLD | 15.10 | 15.27 14.83 | 0.25 1.68% |
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