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Mettis Global News
Mettis Global News

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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 26, 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 ended Monday's trading session at 65,525.65 showing an increase of 373.82 points or 0.57%. Read more

The Pakistani rupee (PKR) remained relatively flat against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.13 per USD, compared to the previous session's closing of PKR 278.14 per USD. Read more

 The Central Directorate of National Savings (CDNS) has attained a target of Rs1,200 billion in fresh bonds in the current fiscal year, from July 01 to March 21, 2024. Read more

The domestic bullion held steady on Monday, with 24-karat gold being sold at Rs228,200 per tola, unchanged from the previous session. Read more

 The Pakistan Stock Exchange (PSX) has decided to delist the Term Finance Certificates of Bank Alfalah Limited (BAFLTFC7) effective from Tuesday, March 26, 2024. Read more

Al-Ghazi Tractors Limited (PSX: AGTL) unveiled its profit and loss statement for 2023, wherein the profit after tax clocked in at Rs2.61 billion [EPS: Rs45.06] compared to a profit of Rs2.16bn [EPS: Rs37.2] in the same period last year (SPLY). Read more

Prime Minister Shehbaz Sharif was briefed on Sunday that the feasibility of the Reqo Dik project will be completed by the end of this year and 6,000 containers will be transported to the port every month from Reqo Dik. Read more

The banking sector spread for February 2024 has decreased by 7 basis points (bps) MoM to 6.95% as compared to a spread of 7.02% in January 2024, the State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed. Read more

 To connect the Reqo Dik project with Gwadar by road, Prime Minister Shehbaz Sharif has instructed the earliest upgrade of the existing road network. Read more

Systems Limited (PSX: SYS) recorded an increase of 31.06% YoY in its profits, with the company's after-tax profits rising to Rs8.69 billion [EPS: Rs29.86], compared to a profit of Rs6.63bn [EPS: Rs23.61] in the same period last year (SPLY). Read more

The Securities and Exchange Commission of Pakistan (SECP) has allowed TPL Properties Limited (PSX: TPLP) to issue the Offer for Sale Document of TPL REIT Fund I (Fund) to sell the 45,324,500 Units. Read more

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Posted on: 2024-03-26T06:00:00+05:00