MG Morning Breeze: Updates to Skim before Market

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MG News | July 30, 2024 at 06:00 AM GMT+05:00

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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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402.35
KSE30 40,814.29
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0.33%
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KMI30 192,589.16
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0.49%
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KMIALLSHR 56,072.25
387.69M
0.32%
180.74
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19.46M
-0.05%
-16.94
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6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
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RICHARDS BAY COAL MONTHLY 97.50 0.00
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1.10
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ROTTERDAM COAL MONTHLY 108.75 108.75
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USD RBD PALM OLEIN 998.50 998.50
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0.00
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CRUDE OIL - WTI 68.75 68.77
66.50
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SUGAR #11 WORLD 16.56 16.60
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0.30
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