MG Morning Breeze: Updates to Skim before Market
MG News | July 08, 2024 at 06:00 AM GMT+05:00
July 08, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
In a recent development, Saudi Group Asyad Holding through UAE-based Wafi Energy Holding Limited has acquired 77.42% shareholdings and control of Shell. Read more
Local and international firms of Pakistan’s oil & gas exploration and production (E&P) sector have pledged to invest $5 billion during next three years. Read more
Pakistan’s bullion market delivered substantial gains to investors as prices reached a 6-week high, buoyed by a significant rise in international. Read more
A meeting of the Cabinet Committee on Energy (CCoE) was informed on Friday that the circular debt of the power sector has reached Rs2.655 trillion as of May. Read more
The macroeconomic environment in Pakistan remained challenging amid rising inflation, weak FX inflows and pressures on external account and local currency. Read more
The net purchase of securities for the week ended June 28, 2024 clocked in at Rs2.86bn, as compared to a net sale worth Rs152.75m recorded last week. Read more
The benchmark KSE-100 index closed this week at 80,213 showing an increase of 1,768 points or 2.3% (2.2% USD terms). Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.28% WoW during the week ended July 04, 2024, while the SPI rose 23.59% YoY. Read more
Bill Winters, Group CEO of Standard Chartered Bank (SCB) on Friday emphasized the significant investment potential. Read more
The Board of Directors of Pakistan Stock Exchange Limited (PSX), in their emergent meeting held today, accepted the resignation of Farrukh H. Khan. Read more
Foreign funds may sell $40 million to $150m of Pakistani stocks after the country was downgraded by FTSE Russell to frontier-market status. Read more
The total deposits held by scheduled banks have moved up by 20.8% YoY to Rs30.81 trillion in June 2024 compared to Rs25.51tr in June 2023. Read more
The total debt of the central government increased by 15.01% YoY to Rs67.82 trillion in May 2024, compared to Rs58.96tr in May 2024. Read more
The total government domestic debt and liabilities have increased by 23.38% YoY to Rs46.75 trillion in May 2024, compared to Rs37.89tr in May 2023. Read more
The net receipts of Savings Mobilized by National Savings Schemes stood at Rs2.32 billion in May as compared to payments of Rs1.19bn in the previous month. Read more
The Pakistani rupee (PKR) appreciated by 12.23 paisa against the US dollar in Friday’s interbank session as the currency settled the trade at PKR 278.38. Read more
Overseas Pakistanis will be able to transfer property while sitting abroad, and their complaints will be resolved within 20 days, Federal Minister. Read more
Muhammad Lukman, CEO of NCCPL, will step down from his position at the clearing house upon the completion of his term, effective July 01, 2024. Read more
The Competition Commission of Pakistan (CCP) has approved a merger involving the acquisition of certain assets of Wall Street Exchange Company. Read more
United Bank Limited (PSX: UBL) has successfully concluded the transaction for the sale of its shareholding in United National Bank Limited UK (UNBL). Read more
Capital Gains Tax (CGT) Certificates for the Tax Year 2024 will be issued to all relevant investors/taxpayers falling under the purview of the CGT regime. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,571.27 436.67M | 1.06% 1878.35 |
| ALLSHR | 108,600.94 844.23M | 1.00% 1073.54 |
| KSE30 | 53,548.42 162.02M | 0.99% 525.53 |
| KMI30 | 256,725.70 154.74M | 0.76% 1936.43 |
| KMIALLSHR | 70,620.69 563.61M | 0.98% 683.55 |
| BKTi | 48,625.03 36.31M | 1.37% 658.39 |
| OGTi | 37,179.52 8.29M | 0.94% 345.85 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,565.00 | 60,895.00 59,790.00 | 570.00 0.95% |
| BRENT CRUDE | 73.08 | 75.13 71.38 | -2.18 -2.90% |
| RICHARDS BAY COAL MONTHLY | 103.50 | 0.00 0.00 | 0.25 0.24% |
| ROTTERDAM COAL MONTHLY | 113.35 | 114.25 113.00 | -0.05 -0.04% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.24 | 71.86 68.56 | -1.68 -2.34% |
| SUGAR #11 WORLD | 14.55 | 14.68 14.02 | 0.45 3.19% |
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