MG Morning Breeze: Updates to Skim before Market

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MG News | June 05, 2024 at 06:00 AM GMT+05:00

June 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The federal government is likely to present the federal budget for the year 2024-25 on June 12, well-informed sources told Mettis Global News. Read more

Oil extended losses after closing at its lowest in almost four months on Monday after OPEC+’s plan to return barrels to the market earlier than expected. Read more

Prime Minister Muhammad Shehbaz Sharif has arrived in Shenzhen, China on an official visit to bolster economic cooperation in export-oriented innovation-led. Read more

The Privatization Commission Board after detailed deliberations has decided to pre-qualify six interested parties in the process of PIA privatization. Read more

Pakistan Stock Exchange (PSX) has amended its regulations in relation to placement of listed companies in the defaulters’ segment. Read more

The Pakistani rupee (PKR) appreciated by 6.79 paisa against the US dollar in Tuesday’s interbank session as the currency settled the trade at PKR 278.3. Read more

Heavy selling continued at the Pakistan Stock Exchange on Tuesday, with the benchmark KSE-100 index slumping 908.6 points or 1.2% to close at 74,666.66. Read more

After remaining stable in the previous session, the price of gold in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs241,000 per tola. Read more

HABIB METRO Exchange Services Limited, a wholly-owned subsidiary of Habib Metropolitan Bank Limited (PSX: HMB). Read more

United Bank Limited (PSX: UBL) organized the official launch ceremony of UBL Currency Exchange, a wholly owned subsidiary of the bank. Read more

The government of Pakistan has acquired an additional debt of Rs35.4 billion during the week ended May 24, 2024. Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs24.19 billion WoW to Rs33.97 trillion as of May 24, 2024. Read more

India’s markets slid on Tuesday as initial tallies signaled that Prime Minister Narendra Modi’s ruling party was struggling to win a majority of seats. Read more

The sales of oil marketing companies (OMCs) increased by 7% YoY to a nine-month high of 1.39 million tonnes (MTs) in May 2024 compared to 1.30 MTs in May 2023. Read more

The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) in which it mopped up a total of Rs177 billion from the market. Read more

Pakistan Stock Exchange Limited (PSX) has approved the formal listing and quotation of the units of ABL Money Market Fund and ABL Islamic Money. Read more

In response to recent claims made in a local news report, K-Electric Limited (PSX: KEL) has clarified that there has been no change in the structure. Read more

Among the most important steps taken by the Special Investment Facilitation Council (SIFC), the facility allowing investors in the IT sector. Read more

Copyright Mettis Link News

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Name Price/Vol %Chg/NChg
KSE100 168,514.45
270.58M
2.23%
3683.02
ALLSHR 101,435.11
727.15M
2.12%
2101.39
KSE30 50,579.18
130.90M
2.48%
1222.35
KMI30 242,349.77
110.71M
2.17%
5137.60
KMIALLSHR 65,996.09
380.10M
1.90%
1228.68
BKTi 46,176.73
48.16M
2.68%
1203.71
OGTi 35,670.57
11.87M
2.41%
839.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,255.00 78,275.00
77,035.00
-450.00
-0.58%
BRENT CRUDE 107.22 107.72
103.68
2.20
2.09%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.50
0.44%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 101.05 101.34
97.25
2.79
2.84%
SUGAR #11 WORLD 15.01 15.03
14.78
0.28
1.90%

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