MG Morning Breeze: Updates to Skim before Market

August 13, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan stock accounts reach 332,819 as of July

The new unique registered investor base on the Pakistan Stock Exchange was recorded at a notable 8,776 in July 2024. Read more

• Car sales rise 68.7% YoY in July 2024

Auto sales in Pakistan increased by 68.7% YoY to 8,589 units in July 2024, compared to 5,092 units recorded in the same month of last year. Read more

• Sazgar reports 511% surge in four-wheel vehicle sales for July

Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial rise of 511.11% YoY in the sale of four-wheel off-road and passenger vehicles in July. Read more

• Motorcycle, three-wheeler sales rise 15.5% YoY in July

Motorcycles and three-wheeler sales in Pakistan rose 15.5% YoY in July 2024 to 84,993 units compared to 73,588 units sold in the same month of last year. Read more

• Bad loans rise to Rs1tr as of June

The non-performing loans (NPLs) of the banking sector increased by Rs9.11 billion or 0.9% by June 2024 compared to the previous quarter. Read more

• PKR loses over 9 paisa against USD

The Pakistani rupee (PKR) depreciated by 9.23 paisa or 0.03% against the US dollar in Monday’s interbank session to settle the trade at PKR 278.64 per USD. Read more

• PSX Closing Bell: Back Against the Wall

The benchmark KSE-100 Index concluded Monday’s trading session at 77,980.29, showing a decrease of 589.29 points or 0.75%. Read more

• MTL confirms operational status amid media reports

In response to a media report claiming that vendors have stopped supplying tractor parts to assemblers, Millat Tractors Limited (PSX: MTL) clarified. Read more

• Official reserve assets rise to $15.4bn as of July

The official reserve assets rose to $15.41 billion as of July 2024. Read more

• Gold prices remain unchanged in Pakistan

Gold price in Pakistan remained unchanged on Monday, with 24-karat gold being sold at Rs256,500 per tola. Read more

• FoodAg 2024 wraps up with $1.2bn in deals, global participation

The second edition of the International Food and Agriculture Exhibition, ‘FoodAg 2024,’ concluded on Sunday at the Expo Centre, generating $1.2 billion. Read more

• OGDC commences production at Nur West Well in Sujawal

The Oil & Gas Development Company Limited (PSX: OGDC) has reported commencement of early commercial production of Tight Gas from Nur West Well-1. Read more

• China to establish solar panel plant, testing lab in Punjab

In a significant development, China is set to establish a solar panel manufacturing and assembly plant in Punjab. Read more

• Al-Ghazi Tractors refutes claims of supply chain disruption

In response to recent news flows highlighting disruptions in the supply of tractor parts to Al-Ghazi Tractors. Read more

• EFERT resumes base plant after scheduled maintenance

The Base Plant of Engro Fertilizers Limited (PSX: EFERT) has successfully resumed operations on the evening. Read more

• SECP interacts with Pakistan’s African missions for investment facilitation

SECP held its second online awareness session with Pakistan’s diplomatic/consular offices in African countries. Read more

• SECP revokes EFU Health Insurance’s license amid compliance concerns

The Securities and Exchange Commission of Pakistan (SECP), has revoked the registration of EFU Health Insurance Limited as an insurer under sub-section. Read more

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