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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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August 27, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The government will be able to reduce power tariffs within one year, as all necessary steps are being taken to address issues in the power sector. Read more

Habib Bank Limited (HBL) earned Rs14.01 billion [EPS: 981] on an unconsolidated basis during the quarter ended June 30, 2024 (Q2 CY24). Read more

BankIslami Pakistan Limited (PSX: BIPL) has revealed its financial statement for the quarter ended June 30, 2024, as per which the bank posted a profit. Read more

The government is targeting to borrow Rs6.1 trillion during the three months from August to October 2024. Read more

Pakistan International Container Terminal Limited (PSX: PICT) to bridge the operations in the past, has signed an agreement with Sky Media (Pvt) Limited. Read more

The benchmark KSE-100 Index concluded Monday’s trading session at 78,571.05, showing a decrease of 230.37 points or 0.29%. Read more

The Pakistani rupee (PKR) appreciated by 8.56 paisa or 0.03% against the US dollar in Monday’s interbank session to settle the trade at PKR 278.42 per USD. Read more

In connection with the proposed sale of Bank Alfalah Limited (PSX: BAFL), Bangladesh operations, the bank has received a non-binding offer from Hatton. Read more

The net purchase of securities for the week ended August 16, 2024 clocked in at Rs536.37m, as compared to a net sale worth Rs22.76bn recorded last week. Read more

Symmetry Group Limited (PSX: SYM) has successfully secured contracts with six major customers for their digital projects, where the company. Read more

Hub Power Holdings Limited (HPHL) has entered into a joint venture agreement with a mining company, Ark Metals (Private) Limited and its shareholders. Read more

Shell Pakistan Limited (PSX: SHEL) reported a dramatic 87.9% decline in profit for the second quarter of 2024, falling to Rs1 billion [EPS: Rs4.69]. Read more

Hub Power Company Limited (PSX: HUBC) experienced a rise of 9.5% in its profitability, with its profit after tax rising to Rs33.88 billion [EPS: Rs26.12]. Read more

Service Industries Limited (PSX: SRVI) reported a profit of Rs2.04 billion [EPS: Rs30.09] for the quarter ended June 30, 2024, a remarkable increase. Read more

Minister for Information and Broadcasting Attaullah Tarar has launched a comprehensive overhaul of Pakistan Television, as reported by the Information Ministry. Read more

Prime Minister Shehbaz Sharif has directed to submit a final plan for the transfer of the ongoing projects under Pak PWD to the provinces. Read more

Service Industries Limited (PSX: SRVI) earnings during the quarter ended June 30, 2024, fell over 64% to Rs65.13 million [EPS: Rs0.32] compared to a profit. Read more

Symmetry Group Limited (PSX: SYM) has successfully renewed its digital services contracts with four major customers, according to the company’s. Read more

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Posted on: 2024-08-27T06:00:00+05:00