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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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July 09, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL) has declared a massive interim cash dividend of Rs725 per share for the year. Read more

Pakistan stocks extended their scorching run on Monday, with the benchmark KSE-100 Index gaining 353.41 points or 0.44% to close at 80,566.2. Read more

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs245,100 per tola, down Rs1,300 per tola. Read more

The Pakistani rupee (PKR) depreciated by 12.74 paisa against the US dollar in Monday’s interbank session as the currency settled the trade at PKR 278.5. Read more

For the first time after the SG Allied Businesses Limited (PSX: SGABL) activities of polyester filament yarn production were discontinued in 2006. Read more

The fire at a broker’s office in the Pakistan Stock Exchange (PSX) compound today caused limited damage to the building housing the brokerage firms. Read more

In response to K-Electric’s concerns about delayed payments of consumer bills collected through the post office, the Finance Minister. Read more

After tendering his resignation as Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX), Farrukh Khan has been appointed by Jazz. Read more

Pakistani banks dominated a ranking of Asia-Pacific lenders with the highest total returns in the second quarter. Read more

Oil and Gas Development Company Limited (PSX: OGDC) has successfully revitalized the Kunnar-11 well after re-assessing. Read more

K-Electric Limited (PSX: KEL) has informed today that Infrastructure & Growth Capital LP has distributed all the shares it held in K-Power Holding Limited. Read more

The shareholders of MCB Bank Limited (PSX: MCB) have approved the Scheme of Compromises, Arrangements and Reconstruction involving the demerger. Read more

The National Electric Power Regulatory Authority (Nepra) has authorized another increase of Rs3.3321/kWh in fuel cost adjustment (FCA) charges for XWDISCOs. Read more

The National Electric Power Regulatory Authority (NEPRA) has issued its decision regarding the Fuel Charges Adjustment (FCA) requested by K-Electric Limited. Read more

The Special Investment Facilitation Council has been extending facilitation for the establishment of Business Facilitation Centers in the country. Read more

Oil prices steadied on Monday after recording four weekly gains as traders tracked twin threats to production posed by a storm in the US. Read more

Sazgar Engineering Works Limited (PSX: SAZEW), one of the best-performing stocks of the Pakistan Stock Exchange (PSX) in FY24. Read more

Finance Minister Muhammad Aurangzeb has warned that the country may need further International Monetary Fund (IMF) bailouts in the future. Read more

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Posted on: 2024-07-09T06:00:00+05:00