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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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March 19, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 22% for the sixth consecutive meeting. Read more

The domestic bullion continued upon its losses incurred in the previous session as the price of 24-karat gold dropped by Rs600 to Rs226,900 per tola on Monday. Read more

The Pakistani rupee (PKR) gained over 11.05 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.63 per USD, compared to the previous session's closing of PKR 278.74 per USD. Read more

The benchmark KSE-100 index closed Monday's trading session at 64,890.51 showing an increase of 74.04 points or 0.11%. Read more

Secure Logistics Group Limited (SLG) is planning to raise Rs600 million through an Initial Public Offering (IPO), said Arif Habib Limited, the Lead Manager & Book Runner of the IPO. Read more

Pakistan's livestock sector is set to witness a significant boost as the Special Investment Facilitation Council (SIFC) has signed an agreement with Najd Gateway Holding Company of Saudi Arabia in the livestock sector. Read more

The shareholders of Pakistan Cables Limited (PSX: PCAL) have resolved to dispose of and sell a property totalling approximately 4.334 acres for Rs327.5 million per acre. Read more

Al Shaheer Corporation Limited (PSX: ASC) has overutilized the right subscription allocated amount of Rs749.847 million by Rs1.038m. Read more

The annual trade volume between Pakistan and Iran trade can be increased up to $5 billion in the coming few years with the enhancement of the China–Pakistan Economic Corridor (CPEC) and BRI mega projects. Read more

The VIS Credit Rating Company Limited has reaffirmed the entity ratings of Pak Kuwait Textiles Limited (PKTL) at ‘A-’ for the long term and ‘A-1’ for the short term with a stable outlook forecast. Read more

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Posted on: 2024-03-19T06:02:19+05:00