MG Morning Breeze: Updates to Skim before Market
By MG News | July 12, 2024 at 06:00 AM GMT+05:00
July 12, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Car sales in Pakistan dropped to the lowest in 15 years during the fiscal year 2023-24. Read more
Motorcycles and three-wheeler sales in Pakistan dropped by 3.11% YoY in fiscal year 2023-24 to 1.15 million units compared to 1.19m units sold. Read more
Cement prices in Pakistan recorded the largest weekly gain in at least seven years, posing a risk to already subdued consumer demand in the near future. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $15.6 million or 0.17% WoW to $9.41 billion. Read more
Pakistan’s annual cotton production currently stands at 8.4 million bales, and the government is committed to increasing it to 15m bales by 2025. Read more
Merit Packaging Limited (PSX: MERIT) has successfully exported a consignment of printed packaging materials, the company’s filing on PSX revealed today. Read more
To further facilitate export-oriented companies, particularly those operating in the IT sector, the SBP has revised its Foreign Exchange Manual. Read more
President of Azerbaijan arrived in Pakistan on a two-day official visit from July 11-12, during which several agreements and MoUs are expected to be signed. Read more
The benchmark KSE-100 Index concluded Thursday’s trading session at 79,992.35, showing an increase of 150.80 points or 0.19%. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs246,800 per tola, up Rs1,200 per tola. Read more
The Pakistani rupee (PKR) depreciated by 9.86 paisa against the US dollar in Thursday’s interbank session as the currency settled the trade at PKR 278.61. Read more
Shareholders of Pakistan Hotels Developers Limited (PHDL) are overjoyed with the recent announcement from the company’s Board. Read more
Interest rates are expected to decline further in the future if the government succeeds in achieving a primary surplus in the fiscal year 2023-2024. Read more
The trading activity at Pakistan Mercantile Exchange (PMEX) decreased by 25.40% DoD on Wednesday to clock in at Rs15.81 billion. Read more
The VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of The Searle Company Limited (PSX: SEARLE) but has revised its outlook. Read more
The Competition Commission of Pakistan (CCP) has approved a merger in the consumer care market, involving the acquisition of certain assets of Procter. Read more
Pakistan presented its stable yet optimistic outlook to Standard & Poor’s (S&P) Global Rating Agency and elaborated on the government’s economic reform. Read more
Finance Minister Muhammad Aurangzeb yesterday appreciated the Rice Exporters Association of Pakistan (REAP) for their role in the bumper production. Read more
The National Assembly on Wednesday passed the State-Owned Enterprises (Governance and Operations) (Amendment) Bill, 2024. Read more
To review the progress of mutually agreed projects between Pakistan and China, an important meeting was held where the Ministry of Food Security. Read more
Barrick Gold has deployed ExoSphere, a mineral exploration solution from Australia’s leading space exploration company, Fleet Space Technologies. Read more
The federal cabinet has approved the plan to abolish the Pakistan Public Works Department (PWD). Read more
Minister for Petroleum Musadik Malik said on Wednesday that Azerbaijan was considering an investment of $2 to $3 billion in Pakistan. Read more
Prime Minister Shehbaz Sharif on Wednesday said that the government has not yet made any decision regarding the export of wheat. Read more
Planning Minister Ahsan Iqbal has underscored the government’s commitment to advancing to the next phase of China-Pakistan Economic Corridor (CPEC). Read more
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|---|---|---|
| KSE100 | 128,199.43 336.91M |
2.05% 2572.11 |
| ALLSHR | 79,787.62 1,023.63M |
1.53% 1202.91 |
| KSE30 | 39,105.00 121.90M |
2.49% 951.21 |
| KMI30 | 186,915.61 131.16M |
1.10% 2029.11 |
| KMIALLSHR | 54,201.88 553.60M |
0.81% 438.07 |
| BKTi | 33,476.68 51.49M |
4.87% 1555.00 |
| OGTi | 27,962.58 9.77M |
0.68% 188.60 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 106,540.00 | 106,565.00 105,440.00 |
790.00 0.75% |
| BRENT CRUDE | 67.13 | 67.29 67.05 |
0.02 0.03% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 97.50 97.50 |
0.70 0.72% |
| ROTTERDAM COAL MONTHLY | 103.80 | 103.80 103.80 |
-3.45 -3.22% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 65.47 | 65.65 65.34 |
0.02 0.03% |
| SUGAR #11 WORLD | 15.70 | 16.21 15.55 |
-0.50 -3.09% |
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