April 26, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $73.5 million or 0.91% WoW to $7.98 billion during the week ended on April 19, 2024, according to the data released by the central bank on Thursday. Read more
The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs99.19 billion against the Rs100bn target set for GIS Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR) and GIS FRD. Read more
The benchmark KSE-100 index closed Thursday's trading session at 71,971.40 showing a decrease of 80.49 points or 0.11%. Read more
The Pakistani rupee (PKR) depreciated by 8.99 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.48 per USD, compared to the previous session's closing of PKR 278.39 per USD. Read more
The domestic bullion market witnessed gains for the second straight session with the price of 24-karat gold gaining Rs500 per tola to reach Rs242,500 per tola on Thursday. Read more
The trading activity at the Pakistan Mercantile Exchange (PMEX) on Wednesday shrunk to Rs22.94 billion, down by 26% DoD compared to the previous session close of Rs30.88bn. Read more
Bank AL Habib Limited (PSX: BAHL)’s earnings during the quarter ended March 31, 2024, dropped by 3.71% YoY to Rs10.23 billion [EPS: 9.21]. Read more
Haleon Pakistan Limited (PSX: HALEON) revealed its earnings for the three months ended March 2024, with its profit after tax surging more than 2x YoY to Rs649.28 million [EPS: Rs5.55]. Read more
Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has reported its highest-ever first-quarter profit after tax of Rs4.3 billion [EPS: Rs3.33]. Read more
Fauji Foods Limited (PSX: FFL) recorded its fourth consecutive profitable quarter, reporting Rs103 million during the three months that ended March 2024. Read more
Cherat Cement Company Limited (PSX: CHCC) revealed its profits for the first quarter of 2024, wherein the profit after tax fell slightly to Rs1.24 billion [EPS: Rs6.40]. Read more
The bottom line of Pakistan Oilfields Limited (PSX: POL) shrunk by a meagre 1.74% YoY to clock at Rs30.39 billion [EPS: 106.95] in 9MFY24. Read more
Total inflows into Roshan Digital Accounts (RDA) during March 2024 stood at $182 million, bringing the total cumulative inflows into RDA to $7.66 billion. Read more
Engro Corporation Limited (PSX: ENGRO) experienced a rise of 69.40% YoY in its profitability during the quarter ended March 31, 2024, clocking in its consolidated profit after tax at Rs10.38 billion [EPS: Rs10.66]. Read more
Pakistan has attracted $20.6 million net flow from foreign investors into T-Bills through Special Convertible Rupee Accounts (SCRA). Read more
Maple Leaf Cement Factory Limited (PSX: MLCF) recorded a decrease of 24.8% YoY in its profitability in the first three months of 2024, clocking in its profit after tax at Rs1.13 billion [EPS: Rs1.05]. Read more
Kohat Cement Limited (PSX: KOHC) unveiled its profit and loss statement for the first quarter of 2024, wherein the profit after tax clocked in at Rs2.06 billion [EPS: Rs10.50]. Read more
Attock Refinery Limited (PSX: ATRL) unveiled its profit and loss statement for the three months ended 2024, wherein the profit after tax almost halved to Rs4.92 billion [EPS: Rs46.13]. Read more
Samba Bank Limited (PSX: SBL) earned Rs358.55m [EPS: Rs0.36] during the quarter ended March 31, 2024 (1QCY24). Read more
The Oil & Gas Regulatory Authority (OGRA) has clarified that certain news reports circulating in the media, which suggest the discontinuation of prioritizing the upliftment of products from local refineries before imports, are not based on factual information. Read more
Matco Foods Limited (PSX: MFL) has announced the closure of its Dextrose Monohydrate plant from April 26, 2024, to May 31, 2024 (both days inclusive) for process improvements and routine maintenance. Read more
Attock Petroleum Limited (PSX: APL) experienced a rise of 9.60% YoY in its earnings during the nine months ended March 31, 2024, earning a profit of Rs10.78 billion [EPS: Rs86.65]. Read more
National Refinery Limited (PSX: NRL) experienced a rise of 5.3x YoY in its losses in the first quarter of 2024, clocking in at Rs2.87 billion [LPS: Rs35.88]. Read more
State-owned Pakistan Telecommunication Co. is keen to close its acquisition of Telenor ASA’s local unit in 2024, a milestone that will place it within sniffing distance of the market leader Veon Ltd.’s Jazz by bolstering its market share in the highly competitive sector. Read more
The management of Thal Limited (PSX: Thall) has decided to engage in discussions with Pakistani stakeholders of Sindh Engro Coal Mining Company Limited (SECMC) to potentially acquire a portion of shares currently being offered by Habib Bank Limited (PSX: HBL). Read more
The Organic Meat Company Limited (PSX: TOMCL) has successfully negotiated and entered into another contract with First Quality Food Stuff LLC, valued at $4 million for the export of frozen boneless beef to the United Arab Emirates (UAE). Read more
K-Electric will invest $2 billion in Transmission and Distribution over the next seven years to manage the city’s needs through targeted investments and tech-based interventions. Read more
Attock Cement (Pakistan) Limited (PSX: ACPL) reported its earnings for the nine months ended March 31, 2024, as per which the profit more than doubled to Rs2.22 billion [EPS: Rs16.14]. Read more
Shell Pakistan Limited (PSX: SHEL) observed a turnaround in its profit and loss statement for the quarter that ended on March 31, 2024, as the profit stood at Rs313.9 million compared to the losses of Rs4.76 billion in the same period last year. Read more
Faysal Bank Limited (PSX: FABL) has started 2024 on a strong note as its profit during the first quarter (1QCY24) doubled to Rs6.61 billion [EPS: 4.35], compared to the recorded earnings of Rs3.31bn [EPS: 2.18] in 1QCY23. Read more
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Posted on: 2024-04-26T06:00:00+05:00
