MG Morning Breeze: Updates to Skim before Market
MG News | August 05, 2024 at 06:00 AM GMT+05:00
August 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Competition Commission of Pakistan (CCP) has approved the acquisition of certain assets of Pfizer Pakistan Limited. Read more
The US unemployment rate rose to the highest level in nearly three years, triggering a recession indicator. Read more
Pakistan’s bullion market glittered this week as its key benchmark rallied to a new all-time high following a global surge and a relatively weaker local. Read more
The corporate landscape of Pakistan continues to impress as the outgoing week brought another spell of significant. Read more
U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report. Read more
Due to the commitment and facilitation by the Special Investment Facilitation Council (SIFC) for the automotive industry, Pak Suzuki Motor Company Limited. Read more
The government has approved a risk coverage scheme for small and medium enterprises (SMEs), offering to absorb up to 20% of the losses incurred by banks. Read more
The benchmark KSE-100 Index closed this week at 78,226 showing an increase of 196 points or 0.3%.,, Read more
US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years. Read more
The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the Asset Manager Rating of AWT Investments Limited (AWTIL) from “AM3++” to “AM2″. Read more
The Economic Coordination Committee (ECC) on Friday approved the proposal of Ministry of Industries & Production for the import of 100,000 MT Urea. Read more
The Pakistani rupee (PKR) appreciated by 16.4 paisa against the US dollar in Friday’s interbank session as the currency settled the trade at PKR 278.5. Read more
Total inflows into Roshan Digital Accounts (RDA) during June 2024 stood at $200 million, bringing the total cumulative inflows into RDA to $8.26 billion. Read more
Weekly inflation in Pakistan fell for the first time in five weeks amid a fall in electricity charges compared to last week. Read more
Pakistan Stock Exchange Limited (PSX) has announced the listing of Big Bird Foods Limited (BBFL) with effect from Monday, August 05, 2024 on the Exchange. Read more
Lucky Motor Corporation is likely to introduce the latest Kia “EV” battery electric vehicle range later this year. Read more
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Pak Suzuki Motor Company Limited (PSMC) at “AA-” for the long term and “A1″. Read more
K-Electric Limited (KEL) has received 15 bids for its inaugural renewable energy project: a 150 MW solar installation at Winder and Bela in Balochistan. Read more
The National Electric Power Regulatory Authority has received an application from Bahria Town (Private) Limited for the grant of an Electric Power Supplier. Read more
Punjab cement factories are set to face a major setback as the government has imposed a royalty rate of 6% on the ex-factory sale price of Cement or Clinker. Read more
US government bonds rallied on economic data seen as cementing the case for three Federal Reserve interest-rate cuts this year. Read more
The Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project has made significant progress and is on the right track due to the interest. Read more
The sales of oil marketing companies (OMCs) decreased by 11.4% YoY to 1.2 million Metric Tons (MTs) in July 2024 compared to 1.35m MTs in July 2023. Read more
Bawany Air Products Limited (PSX: BAPL) has signed a share purchase agreement to acquire 100% of the shareholding in Alman Seyyam Sugar Mills Private Ltd. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 119,200.00 | 119,275.00 117,905.00 | 1580.00 1.34% |
| BRENT CRUDE | 72.36 | 72.82 72.29 | -0.88 -1.20% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.98 | 70.41 69.91 | -0.02 -0.03% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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