MG Morning Breeze: Updates to Skim before Market
MG News | July 30, 2024 at 06:00 AM GMT+05:00
July 30, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Petrol prices are expected to drop by Rs5.5 per litre following a decline in international rates. Read more
A not long time ago teetering on the brink of default, Pakistan has now made a notable turnaround. Read more
The State Bank of Pakistan (SBP) lowered its key policy rate by another 100 basis points to 19.5% on Monday, in line with the market expectations. Read more
Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. Fitch typically does not assign Outlooks. Read more
The overall Business Confidence Index worsened by 7.5 points to 48.6 in July 2024, the latest results of the 50th wave of the Business Confidence Survey (BCS. Read more
Consumers’ confidence in the country dropped by 21.8% MoM or 8.9 points to 31.8 in July 2024, according to a survey report released by the State Bank. Read more
Pakistan stocks started the week on a positive note, with the benchmark index gaining over 1% ahead of the key monetary policy meeting. Read more
The Pakistani rupee (PKR) depreciated by 16.18 paisa against the US dollar in Monday’s interbank session as the currency settled the trade at PKR 278.5. Read more
The Pakistan Stock Exchange (PSX) has issued the process and guidelines that shall be considered by the Exchange when assigning securities to the Designated. Read more
Pakistan has sought Chinese help to “reprofile” its debts with rollovers and maturity extensions to create more breathing room for economic reforms. Read more
Gold price in Pakistan edged higher on Monday, with 24-karat gold being sold at Rs252,700 per tola, up Rs200. Read more
Waves Home Appliances Limited (PSX: WAVESAPP) has received an intention for Strategic Alliance/JV from a foreign global player. Read more
OGDC has discovered gas condensate from the Lumshiwal-1 zone at the Razgir-1 exploratory well, located in Khyber Pakhtunkhwa Province. Read more
Fauji Fertilizer Company Limited (PSX: FFC) and Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have increased the market retail price of. Read more
Considering the issues being faced by banks/DFIs/MFBs regarding the implementation of IFRS 9 standard, SBP has decided to make amendments and extend timelines. Read more
In response to media reports alleging the presence of hazardous bacteria in Pakola Pure Drinking Water, Pakola has officially refuted these claims. Read more
Karachi has been ranked as the world’s second riskiest city for tourists with a rating of 93.12 out of 100, according to a list by Forbes Adviser. Read more
Minister for Energy, Sardar Awais Ahmad Khan Leghari has recently disclosed that Finance Minister Muhammad Aurangzeb and other government officials. Read more
The Pakistani passport has been ranked the fourth worst by this year’s Henley Passport Index, a ranking of the world’s 199 passports. Read more
In a literal sense it is supporting activities you believe are right, however, metaphorically the phrase carries unique meaning for everyone whether he/she is a professor, preacher. Read more
Foreign investors ‘ repatriation of profit and dividends rose 569.24% YoY in FY24 to $2.22 billion compared to $331m worth of repatriation in the same period. Read more
Prime Minister Shehbaz Sharif says the government has approved visa-free entry of businessmen from Gulf countries to promote foreign investment. Read more
The Chinese government has commended Pakistan’s negotiations with the International Monetary Fund (IMF). Read more
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|---|---|---|
| KSE100 | 158,736.95 185.21M | -0.53% -841.24 |
| ALLSHR | 96,557.20 647.62M | -0.39% -374.50 |
| KSE30 | 48,025.35 64.65M | -0.71% -343.56 |
| KMI30 | 227,081.13 44.53M | -0.65% -1474.55 |
| KMIALLSHR | 62,865.75 224.03M | -0.51% -325.33 |
| BKTi | 44,268.22 20.39M | -0.58% -259.25 |
| OGTi | 30,558.76 3.46M | -0.75% -230.37 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 103,505.00 | 104,590.00 103,090.00 | -735.00 -0.71% |
| BRENT CRUDE | 63.55 | 63.89 63.48 | 0.03 0.05% |
| RICHARDS BAY COAL MONTHLY | 87.15 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 97.00 | 0.00 0.00 | -0.20 -0.21% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 59.66 | 60.00 59.55 | 0.06 0.10% |
| SUGAR #11 WORLD | 14.12 | 14.32 14.05 | -0.10 -0.70% |
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