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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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April 16, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The federal government has increased the price of petrol by Rs4.53 per litre to Rs293.94, said a notification issued by the Finance Division. Read more

To strengthen the economic and diplomatic ties between Saudi Arabia and Pakistan, a prominent Saudi delegation, headed by Foreign Minister Prince Faisal bin Farhan bin Abdullah, arrived in Islamabad. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) remained stable at $8.04 billion during the week ended on April 05, 2024. Read more

The benchmark KSE-100 index concluded Monday's trading session at 70,544.58 showing an increase of 229.86 points or 0.33%. Read more

The Pakistani rupee (PKR) depreciated by 18.32 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.12 per USD, compared to the previous session's closing of PKR 277.94 per USD. Read more

Domestic bullion started the week positively, with the price of 24-karat gold surging by Rs800 per tola to Rs247,300 on Monday. Read more

The Pakistan Mercantile Exchange (PMEX) on Friday registered traded contracts worth around Rs51 billion, marking a significant surge of 63% DoD compared to the previous close of Rs31.2bn. Read more

The official reserve assets, including foreign currency reserves, reserve position in funds, Special Drawing Rights (SDRs), gold, and other reserve assets, rose to $13.77 billion as of March 2024 compared to $13.34bn recorded in the previous month. Read more

Crescent Jute Products Limited (PSX: CJPL) remains in the process of seeking funds from sponsors, and directors, and the company's future plan is based on the successful unlocking of these funds. Read more

Pak Suzuki Motor Company Limited’s (PSX: PSMC) corporate data has been leaked due to a cyber-attack. Read more

The State Bank of Pakistan (SBP) cumulatively injected a total of Rs661.3 billion into the market. Of which Rs391.3bn were injected through reverse repo OMO. Read more

All Regular market symbols which are currently traded in lot sizes of 20, 50, 100 and 500 shares, will be converted into lot size of one share and these symbols will be discontinued in ODD Lot market accordingly. Read more

Upon the request of Synthetic Products Enterprises Limited (SPEL) and the provision of necessary documents, the Pakistan Stock Exchange (PSX) has approved its request for sector change i.e., from ‘Miscellaneous’ to ‘Paper & Board’. Read more

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Posted on: 2024-04-16T07:42:02+05:00