August 26, 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 Rs5.9 per litre following a decline in international rates, price estimates up to August 23, 2024 show. Read more
Pakistan’s bullion market continued its upward rally this week as gold prices once again reached a new peak due to a continuous. Read more
Jerome Powell said the time has come for the Fed to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs. Read more
Pakistan stocks rebounded this week, driven by optimism for a third consecutive rate cut next month and increased clarity on the IMF board approval. Read more
The Pakistani rupee (PKR) appreciated by 16.65 paisa or 0.06% against the US dollar in Friday’s interbank session to settle the trade at PKR 278.5 per USD. Read more
Bolan Castings Limited (PSX: BCL) has decided to halt its production activities starting Monday, August 26, 2024, until further notice. Read more
Blue-Ex Limited (PSX: GEMBLUEX) is considering the acquisition of the domestic e-commerce operations business being offered for sale by an E-com sector company. Read more
Mari Petroleum Company Limited (PSX: MARI) has clarified today that recent social media reports about a gas discovery in Chagai, Balochistan, are false. Read more
Pakistan’s short-term inflation decreased by -0.1% WoW during the week ended August 22, 2024, while the annual increase was 16.69%. Read more
The outgoing week witnessed notable developments in Pakistan’s corporate landscape including strategic acquisitions. Read more
The Competition Commission of Pakistan (CCP) has granted approval to Al Falah Asset Management to acquire the funds of Faisal Asset Management. Read more
Arif Habib Limited has extended the deadline by 90 days for making a Public Announcement of the Offer (PAO) on behalf of Liberty Power Holding (Private). Read more
Dawood Hercules Corporation Limited (PSX: DAWH) recorded a decrease of 38.5% in its profitability, clocking in its profit after tax at Rs3.83 billion. Read more
Soneri Bank Limited (PSX: SNBL) has revealed its financial statement today for quarter ended June 30, 2024, as per which the bank posted a profit worth. Read more
GlaxoSmithKline (Pakistan) Limited (PSX: GLAXO) made a strong recovery in the second quarter of 2024, earning a profit after tax of Rs1.09 billion. Read more
Pakistan’s Finance Minister Muhammad Aurangzeb, in a virtual meeting held yesterday, invited Dubai Islamic Bank to increase its investments in the country. Read more
Fatima Fertilizer Company Limited (PSX: FATIMA) has announced its intention to acquire a stake in Agritech Limited (PSX: AGL). Read more
The Economic Coordination Committee (ECC) in its meeting held yesterday approved the summary from the Ministry of Industries & Production regarding. Read more
Habib Metropolitan Bank Limited (PSX: HMB) reported a 7.46% decrease in profit for the second quarter of 2024, falling to Rs5.82 billion (EPS: Rs5.41). Read more
Philip Morris (Pakistan) Limited (PSX: PMPK) recorded a profit after tax of Rs96.25 million [EPS: Rs1.56] in the second quarter of 2024. Read more
Pakistan Oxygen Limited (PSX: PAKOXY) rebounded strongly in the second quarter of 2024, earning a profit after tax of Rs132.52 million. Read more
Rafhan Maize Products Limited (PSX: RMPL) earned a profit after tax of Rs1.9 billion [EPS: Rs205.95] in the second quarter of 2024, a 17.2% jump. Read more
INIL reported its profit and loss statement for the financial year 2024, posting a profit after tax of Rs1.47 billion [EPS: Rs11.17]. Read more
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Posted on: 2024-08-26T06:00:00+05:00
