MG Morning Breeze: Updates to Skim before Market

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MG News | June 27, 2024 at 06:00 AM GMT+05:00

June 27, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs776.7 billion. Read more

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL). Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs553.17 billion WoW to Rs35.1 trillion as of June 14, 2024. Read more

The government of Pakistan has acquired an additional debt of Rs374.57 billion during the week ended June 14, 2024. Read more

The Pakistani rupee (PKR) appreciated by 10 paisa against the US dollar in Wednesday’s interbank session as the currency settled the trade at PKR 278.4. Read more

The benchmark KSE-100 index closed Wednesday’s trading session at 78,275.65 showing an increase of 335.07 points or 0.43%. Read more

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs240,600 per tola, down Rs900 per tola. Read more

The trading activity at Pakistan Mercantile Exchange (PMEX) increased by 20.14% DoD on Tuesday to clock in at Rs22.04 billion. Read more

The National Assembly has approved 100 demands for grants pertaining to different Ministries and departments for the next fiscal year. Read more

The Board of Directors of Interloop Limited (PSX: ILP) has approved a $58 million investment to enhance capacity in the Hosiery Plant by 25%. Read more

Ministry of Climate Change and Bill & Melinda Gates Foundation have agreed to work jointly on enhancing Pakistan’s climate resilience. Read more

Engro Corporation (PSX: ENGRO) will become a wholly owned subsidiary of Dawood Hercules Corporation Limited (PSX: DAWH) as the shareholders of DAWH. Read more

Treet Corporation Limited (PSX: TREET) announced today that its foreign subsidiary, Treet Trading LLC, has been successfully incorporated. Read more

Pakistan Stock Exchange (PSX) regulation relating to Reverse Merger transactions provides all Listed Shell Companies (LSC) an opportunity to revive. Read more

Pakistan Business Forum and International Business and Professional Corporation (IBPC) have signed an MoU to boost commerce and trade activities. Read more

The Board of Directors of National Investment Trust Limited has approved the monthly distribution of the NIT Money Market Fund for the year. Read more

United Bank Limited (UBL) has successfully concluded a Standby Letter of Credit Facility, equivalent to Rs8 billion to Lucky Cement Limited. Read more

The Pakistan Stock Exchange (PSX) has issued a revised clearing schedule for June 2024, as per which there will be a merged settlement on Tuesday. Read more

To enhance bilateral cooperation between Pakistan and Turkmenistan, Federal Minister of Industries paid an official visit to Turkmenistan from June 25-26, 2024. Read more

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243.06M
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KMI30 253,474.66
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1.97%
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BITCOIN FUTURES 66,960.00 67,360.00
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3300.00
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BRENT CRUDE 83.10 85.93
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RICHARDS BAY COAL MONTHLY 123.00 0.00
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ROTTERDAM COAL MONTHLY 125.00 125.00
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USD RBD PALM OLEIN 1,157.50 1,157.50
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CRUDE OIL - WTI 80.45 82.42
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