August 19, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan’s inflation is expected to fall below 10% for the first time in nearly three years as food cost gains ease amid smooth supplies. Read more
Sazgar Engineering Works Limited (SAZEW), the Blue-chip pick of the Pakistan Stock Exchange (PSX) has been in the limelight for quite a prolonged period. Read more
Gold price in Pakistan topped Rs260,000 per tola for the first time on growing expectations for an interest rate cut. Read more
From a cement giant cashing in on a major deal to a tech company shining bright on a global stage, the outgoing week. Read more
Pakistan’s Large-scale Scale Manufacturing Industries output growth rebounded in fiscal year 2023-24. Read more
he benchmark KSE-100 Index closed this week at 78,045 showing a decrease of 524 points or 0.7% in both PKR and USD terms. Read more
The net sale of securities for the week ended August 09, 2024 clocked in at Rs22.76bn, as compared to a net sale worth Rs1.07bn recorded last week. Read more
Asif All Shaikh, the acquirer who made a Public Announcement of Offer (PAO) to acquire 83.96% of the total issued and paid-up capital of Calcorp Limited. Read more
Foreign currency deposits rose $54m or 0.81% MoM to $6.68 billion as of July 2024. Read more
Pakistan Cables Limited (PSX: PCAL) reported a profit after tax of Rs208.86 million [EPS: Rs4.22] for the year ended June 30, 2024, plummeting by 71.14% YoY. Read more
The outstanding domestic debt of Pakistan International Airlines Corporation (PIA) as a Public Sector Enterprise (PSE) increased by Rs5 billion or 2.7%. Read more
The Pakistani rupee (PKR) appreciated by 15.77 paisa or 0.06% against the US dollar in Friday’s interbank session to settle the trade at PKR 278.54 per USD. Read more
Pakistan’s textile exports in July 2024 fell by 3.09% to $1.27 billion compared to $1.31 billion in the same period last year. Read more
Agritech Limited (PSX: AGL) recorded an increase of 11.6% YoY in its losses during the second quarter of 2024 amid a decline in its gross margins. Read more
Unilever Pakistan Foods Limited (PSX: UPFL) profit rose 8.23% to Rs1.98 billion [EPS: Rs311.46] in Q2 CY24 compared to a profit of Rs1.83bn [EPS: Rs287.78]. Read more
Attock Cement Pakistan Limited (PSX: ACPL) has received a sum of $5.85 million as consideration against the sale of further 4.5m shares held in its subsidiary. Read more
The total deposits held by scheduled banks have decreased by Rs518 billion or 1.7% to Rs30.6 trillion in July 2024 compared to last month. Read more
In a major development today, Punjab-based manufacturers have obtained a stay order from the court against the imposition of 6% of ex-factory cement/clinker. Read more
Pakistan’s short-term inflation decreased by 0.16% during the week ended August 15, 2024, while the annual increase was 16.86%. Read more
Fertilizer sales, including urea and DAP, rose 4% YoY to 775,000 tonnes during July 2024. Read more
The Pakistan Stock Exchange Limited has approved the formal listing and quotation of units for the NBP Mustahkum Fund – II, according to a notice. Read more
The Economic Coordination Committee (ECC) approved yesterday the Industries & Production Division’s proposal to continue the Prime Minister’s Relief Package. Read more
Frieslandcampina Engro Foods Limited (PSX: FCEPL) recorded an increase of 75% YoY in its profitability. Read more
Engro Polymer and Chemicals Limited (PSX: EPCL) incurred a loss after tax clocked of Rs480.49 million. Read more
Copyright Mettis Link News
Posted on: 2024-08-19T06:00:00+05:00
