MG Morning Breeze: Updates to Skim before Market
MG News | July 29, 2024 at 06:00 AM GMT+05:00
July 29, 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) will likely cut its policy rate for the second straight meeting on Monday in a bid to spur growth. Read more
Despite Pakistan’s Balance of Payment (BoP) account being in a healthy position, there is anticipation of a weaker PKR in the near term due to the final Read more
The country secured external financing worth $9.81 billion in fiscal year 2023-24 against budget estimates of $17.62bn from multiple financing sources. Read more
Pakistan’s debt of $9 billion owed to China and Saudi Arabia will be rolled over in the ongoing fiscal year 2025 (FY25), Kazim Niaz. Read more
Stronger external stability that comes with IMF’s EFF removes a key obstacle for the central bank to resume policy easing. Read more
The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. Read more
Punjab government has introduced an agricultural package of over Rs174 billion to protect agri land from degradation. Read more
Bears dominated the Pakistan stock market throughout the week, with the benchmark KSE-100 Index slumping 2,088 points or 2.6% to close at 78,030. Read more
The Asian Development Bank (ADB) on Friday approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure. Read more
Sui Northern Gas Pipelines Limited (PSX: SNGP) reported a profit after tax of Rs 10.56 billion (EPS: Rs 16.66) for the fiscal year ended June 30, 2023 (FY23). Read more
Sui Northern Gas Pipelines Limited (PSX: SNGP) experienced a rise of 43.8% YoY in its profitability during the third quarter of 2023. Read more
The Pakistani rupee (PKR) appreciated by 6.79 paisa against the US dollar in Friday’s interbank session as the currency settled the trade at PKR 278.34. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.17% WoW during the week ended July 25, 2024, while the SPI rose 20.09% YoY. Read more
Highlighting Saudi Arabia as an attractive market for Pakistani tech companies, IT Minister Shaza Fatima Khawaja called for the facilitation of Pakistani IT. Read more
The security symbol of Chakwal Spinning Mills Limited has been changed from ‘CWSM’ to ‘CLOUD’ as assigned by the National Clearing Company of Pakistan. Read more
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|---|---|---|
| KSE100 | 156,177.82 367.85M | -0.00% -3.12 |
| ALLSHR | 95,630.38 1,498.37M | -0.06% -60.44 |
| KSE30 | 47,678.47 206.79M | -0.08% -35.92 |
| KMI30 | 229,682.22 174.86M | -0.02% -39.87 |
| KMIALLSHR | 64,366.76 638.47M | -0.08% -53.31 |
| BKTi | 41,922.80 89.51M | -0.11% -46.72 |
| OGTi | 31,735.79 16.87M | -0.80% -255.97 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 115,860.00 | 117,685.00 114,850.00 | -1230.00 -1.05% |
| BRENT CRUDE | 67.91 | 68.59 67.62 | -0.56 -0.82% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 93.50 | 93.50 93.50 | 0.15 0.16% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 63.97 | 64.67 63.69 | -0.55 -0.85% |
| SUGAR #11 WORLD | 16.23 | 16.59 16.23 | -0.33 -1.99% |
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