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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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May 17, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Pakistani Rupee (PKR) may break out of an unusually low period of volatility, chart patterns and the currency’s historical trends suggest. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $15.2 million or 0.17% WoW to $9.14 billion. Read more

The Pakistani rupee (PKR) depreciated by 14 paisa against the US dollar in Thursday’s interbank session as the currency settled the trade at PKR 278.4. Read more

The benchmark KSE-100 index concluded Thursday’s trading session at 74,930.70 showing an increase of 266.72 points or 0.36%. Read more

The launch of the Pakistan International Airlines (PIA) flight from Al Ain airport to Turbat, Baluchistan, has opened new avenues for further collaboration. Read more

The trading activity at the Pakistan Mercantile Exchange (PMEX) on Tuesday surged by 20.55% DoD. Read more

Foreign Minister Mohammad Ishaq Dar and Chairman of EXIM Bank discussed the EXIM Bank’s long-standing cooperation with Pakistan and its interest. Read more

Highnoon Laboratories Limited (PSX: HINOON) has denounced an article published in the media titled “Highnoon Laboratories and the Curious (Court) Case of Relate Read more

Considering the depleting gas reserves in the country, the government has launched a project worth Rs4.5 billion to improve gas supply to various. Read more

Oil prices slipped further on Thursday despite slower than expected US inflation in April and lower oil stocks last week. Read more

Gold prices in Pakistan rose on Thursday, with 24-karat gold jumping by another Rs1,600 to Rs245,600 per tola. Read more

The State Bank of Pakistan (SBP) conducted a reverse repo based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs913.35. Read more

Pakistan’s revised trade deficit for April clocked in at $2.51 billion compared to a deficit of $2.301bn from the previous month, reflecting a rise of. Read more

Fitch Ratings estimates national home prices were 11.1% overvalued for Q4 CY23 on a population-weighted average basis, showing negligible difference from. Read more

Chairman Nishat Chunian Group, Shahzad Saleem presented a comprehensive overview of the challenges confronted by the industrial sector pertaining to energy. Read more

Minister for Power Awais Leghari on Wednesday ruled out any plans of the government to impose taxation on solar net metering, according to the. Read more

The International Monetary Fund’s executive board has approved the use of Special Drawing Rights (SDRs) for the acquisition of hybrid capital instruments. Read more

Prime Minister Shehbaz Sharif has directed authorities concerned to constitute a cabinet committee related to the development budget and Public Sector. Read more

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the provision of Rs23 billion as an additional grant to the AJ&K. Read more

Federal Minister Abdul Aleem Khan announced on Wednesday that the government has decided to privatize 24 institutions, with Pakistan International. Read more

Asian equities rallied Thursday after US data showed inflation cooled last month, fueling speculation that the Federal Reserve will cut interest rates twice. Read more

The U.S. consumer price index (CPI) for April 2024 rose by 3.4% YoY, as compared to the 3.5% YoY in March, in line with the market expectations of 3.4%. Read more

The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more

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Posted on: 2024-05-17T06:00:50+05:00