April 04, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs557.63 billion for 3,6 and 12 months against a target of Rs225bn. Read more
The Central Bank sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual worth just Rs5.4 billion for 5 years against a target of Rs200bn. Read more
To bolster Pakistan's energy sector and strengthen economic ties between the two nations, Saudi Arabia will most likely acquire shares in Pakistan's leading energy giants, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL). Read more
Landmark Spinning Industries Limited (PSX: LMSM) is undergoing a reverse merger with an operating unlisted company and will commence operations as a merged entity. Read more
The Pakistani rupee (PKR) depreciated by 8.08 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 277.92 per USD, compared to the previous session's closing of PKR 277.84 per USD. Read more
Bulls roared strong over the Pakistan Stock Exchange (PSX) in today's session, deriving its benchmark index to surge past its previous all-time high and set a new peak. Read more
Following the introduction of the new and amended Brownfield Refining Policy 2024, Pakistan Refinery Limited (PSX: PRL) plans to opt for the amended provisions/incentives of the policy and execute a supplemental agreement to the PRL Upgrade Agreement and Escrow Account Agreement. Read more
Cotton arrivals in Pakistan reached 8.397 million bales as of March 31, 2024, as per the latest data released by the Pakistan Cotton Ginners Association (PCGA). Read more
Domestic gold is rapidly approaching its all-time high level as the price of 24-karat gold has surged to Rs238,900, up by Rs1,800 per tola on the day. Read more
Across Metals, Energy, COTS/FX, and indices, the transactions at the Pakistan Mercantile Exchange (PMEX) observed a 7.8% DoD surge on Tuesday to clocked in at Rs31.7 billion compared to the previous session close of Rs29.4bn. Read more
The scrip of Meezan Bank Limited (PSX: MEBL) is likely to hit Rs240 per share by the end of December 2024 on the back of a robust balance sheet growth of over 15% per annum. Read more
The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and six leading fertilizer companies for allegedly fixing urea prices, a prima facie violation of Section 4 of the Competition Act, 2010. Read more
Cement dispatches in Pakistan posted a modest recovery as overall dispatches increased by 3.85% YoY to clock in at 3.941 million tonnes (MT) against 3.795 MT dispatched during the same month of last fiscal year. Read more
The Sindh High Court has ordered Millat Tractors Limited (PSX: MTL) to refrain from selling 954 tractors of Model MF-240 to any third party amid a contractual dispute, affirming that MTL is bound by its original agreement to sell these tractors to the initial buyer. Read more
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Posted on: 2024-04-04T06:59:13+05:00
