MG Morning Breeze: Updates to Skim before Market
MG News | June 06, 2024 at 06:00 AM GMT+05:00
June 06, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help the Government of Pakistan drive sustainable investments. Read more
Oil prices held near a four-month low, with an industry report signaling a rise in US crude stockpiles, further dampening sentiment compounded by OPEC+. Read more
Pakistan Ambassador to China Khalil Hashmi says Chinese companies have shown great interest in the Pak-China Business Conference. Read more
Air Link Communication Limited (PSX: AIRLINK) has signed a momentous Memorandum of Understanding (MOU). Read more
FBR have unearthed a network of tax fraudsters who have caused a loss of billions of rupees to the National Exchequer. Read more
The Pakistani rupee (PKR) settled stable against the US dollar in Wednesday’s interbank session as the currency settled the trade at PKR 278.3 per USD. Read more
Pakistan stock market extended its decline on Wednesday, with the benchmark KSE-100 index losing 447.22 points or 0.6% to 74,219.44. Read more
Pakistan and the Kuwait Fund for Arab Economic Development (KFAED) on Monday signed a KD 7.5 million ($24.4 million) loan agreement. Read more
The business community has demanded relief and facilities for the promotion of industry in the upcoming budget 2024-25 by broadening the tax net. Read more
Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs240,600 per tola, down by Rs400 per tola. Read more
Pakistan and Huawei, a leading global provider of information and communications technology (ICT), have reiterated their commitment to advancing an innovative. Read more
Asian Infrastructure Investment Bank (AIIB) has agreed to promote cooperation with Pakistan in poverty reduction, climate change, financing instruments. Read more
The government has achieved the petroleum levy tax collection target for the fiscal year 2023-2024 within the first eleven months. Read more
Chairman of Chinese firm Transsion Holdings Zhu Zhaojiang on Wednesday called on Prime Minister Shehbaz Sharif. Read more
India’s stocks fluctuated on Wednesday as investors assessed Prime Minister Narendra Modi-led party’s ability to form a coalition government. Read more
The National Electric Power Regulatory Authority (NEPRA) has announced a public hearing on June 12, 2024, for the request submitted by K-Electric. Read more
Sindh Investment Department (SID) and Swiss Business Council (SBC) have signed an MoU to promote trade and investment in the province. Read more
U Bank has launched its first Islamic Banking Window in Karachi, which will be followed by the availability of Islamic Banking Windows across all 28. Read more
Habib Bank Limited (PSX: HBL) and EXIM (Export-Import Bank of Pakistan) have signed a Memorandum of Understanding (MoU) to collaborate. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,335.00 | 118,355.00 117,905.00 | 715.00 0.61% |
| BRENT CRUDE | 73.47 | 73.63 71.75 | 0.96 1.32% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.26 | 70.33 70.18 | 0.26 0.37% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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