MG Morning Breeze: Updates to Skim before Market
MG News | September 14, 2023 at 06:40 AM GMT+05:00
September 14, 2023 (MLN): The aim of Morning Breeze is to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) will likely hike the policy rate by around 100 basis points (bps) to 23% in tomorrow’s Monetary Policy Committee (MPC) meeting to tame the uncontrollably high inflation. Read more
The Pakistani rupee (PKR) appreciated by 1.07 rupees against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 298.82 per USD, compared to the previous session's closing of PKR 299.89 per USD. Read more
The benchmark KSE-100 index showed a slight recovery, closing Wednesday’s trading session at 45,590.93, reflecting an increase of 82.53 points or 0.18% compared to the previous session. Read more
President Arif Alvi has recommended the Chief Election Commissioner, Sikandar Sultan Raja to hold elections on November 6, which is the 89th day after the end of the National Assembly term. Read more
International Finance Corporation (IFC) committed approximately $1.5 billion in short and long-term investments in Pakistan in fiscal year 2023. Read more
The management of Pakistan Cables Limited (PSX: PCAL) has announced the successful completion of the installation and commissioning of its Catenary Continuous Vulcanization (CCV) line, marking the commencement of commercial production. Read more
The Oil & Gas Development Company Limited (OGDCL), as part of its production enhancement campaign, has successfully increased the production capacity of its Nashpa Well – 10. Read more
While rejecting the accusations made by Sui Northern Gas Pipelines Limited (SNGPL), Jazz, Pakistan's leading mobile operator and digital company filed a lawsuit against the company worth Rs10 billion, citing baseless allegations. Read more
The Securities and Exchange Commission of Pakistan (SECP) registered 2,847 new companies in the month of August 2023, taking the total number of registered companies in the country to 200,629. Read more
The fashion supply chain, including four major countries; Pakistan, Cambodia, Bangladesh, and Vietnam could face a 22% shortfall in export earnings, amounting to a loss of $65 billion by 2030 due to the impacts of extreme heat and flooding. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,831.83 134.98M | 0.57% 967.30 |
| ALLSHR | 103,286.57 332.14M | 0.55% 561.44 |
| KSE30 | 52,000.71 60.75M | 0.64% 330.29 |
| KMI30 | 246,213.82 56.47M | 0.81% 1983.00 |
| KMIALLSHR | 67,595.98 190.43M | 0.68% 454.16 |
| BKTi | 45,610.57 10.57M | 0.22% 99.32 |
| OGTi | 34,302.79 15.04M | 1.53% 515.74 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 89,955.00 | 90,250.00 87,745.00 | -485.00 -0.54% |
| BRENT CRUDE | 61.44 | 61.50 61.07 | 0.32 0.52% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 1.00 1.11% |
| ROTTERDAM COAL MONTHLY | 97.30 | 0.00 0.00 | 0.60 0.62% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.73 | 57.80 57.38 | 0.29 0.50% |
| SUGAR #11 WORLD | 15.10 | 15.27 14.83 | 0.25 1.68% |
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