April 09, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistan Stock Exchange (PSX) conducted an auction for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs25.41 billion against the Rs50bn target set for GIS Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR) and GIS FRD. Read more
The benchmark KSE-100 index surged 1,203.20 points or 1.76% to close Monday's trading session at a record high of 69,619.99. Read more
24-karat gold price in Pakistan inched upwards to a new record high of Rs245,700 per tola, showing a rise of Rs600 compared to the previous session. Read more
The Pakistani rupee (PKR) depreciated by around 2 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 277.95 per USD, compared to the previous session's closing of PKR 277.93 per USD. Read more
The trading activity at the Pakistan Mercantile Exchange (PMEX) surged by 40.24% DoD on Friday to clock in at Rs36 billion compared to the previous close of Rs25.74bn. Read more
Workers' remittances have surged by 31.27% MoM to $2.95 billion in March, compared to $2.25bn in the previous month. Read more
The State Bank of Pakistan has issued a framework to onboard the Benazir Income Support Program (BISP) Beneficiaries for receiving the social welfare payment into their accounts to be opened in all banks and MFBs across the country. Read more
AKD Group Holdings (Pvt) Limited has withdrawn its Public Announcement of Intention (PAI) to acquire more than 51% of the voting shares and control of EFG Hermes Pakistan Limited (PSX: EFGH). Read more
Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial drop of over 12% MoM in the sale of its auto rickshaws in March 2024, with 1,341 units sold compared to the sale of 1,524 three-wheelers in the previous month. Read more
Khalid Siraj Textile Mills Limited (PSX: KSTM) continues to experience a suspension of operations due to high electricity rates of around 19 cents, compared to foreign competitors who utilize energy at 7 cents. Read more
First Capital Equities Limited (PSX: FCEL) is currently in the process of negotiations with secured creditors/financial institutions for the settlement of its overdue financial obligations. Read more
The general public subscription of Secure Logistics Group Limited (SLG) of 12.5 million shares i.e. 20% of the total issue size was undersubscribed as the offering attracted applications for just 2.82m shares. Read more
Pak Suzuki Motor Company Limited (PSX: PSMC) saw its losses widen by 58.9% YoY in 2023, recording a loss after tax of Rs10.07 billion [LPS: Rs122.35], compared to a loss of Rs6.34bn [LPS: Rs77] in the previous year. Read more
Oil & Gas Development Company Limited (PSX: OGDC) as the operator (100%) of Nur Development & Production Lease (D&PL) has discovered gas at its exploratory Well Nur West # 01, located in district Sujawal, Sindh Province. Read more
Avanceon Limited (PSX: AVN) experienced a significant fourfold increase in profitability in 2023, with its profit after tax reaching Rs4.48 billion [EPS: Rs12.15], compared to a profit of Rs1.12bn [EPS: Rs2.75] in the previous year. Read more
The Board of Directors of International Finance Corporation (IFC) has approved the debt financing of up to $400 million to Pakistan Telecommunication Company Ltd (PSX: PTC) for the acquisition of Telenor Pakistan (Private) Limited (TPL). Read more
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Posted on: 2024-04-09T06:08:33+05:00
