MG Morning Breeze: Updates to Skim before Market
MG News | September 05, 2024 at 06:00 AM GMT+05:00
September 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs835.23 billion. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold floating rate Pakistan Investment Bonds worth Rs218.4 billion. Read more
Pakistan’s eagerly awaited $7 billion bailout package is not on the International Monetary Fund (IMF) executive board’s agenda until September 13. Read more
Fertilizer sales plunged 29.9% compared to last year amid weak agronomic conditions coupled with higher monsoon rains during August 2024. Read more
VIS Credit Rating Company Limited (VIS) has revised the future outlook of Archroma Pakistan Limited (‘PSX: APL) from ‘stable’ to ‘negative’. Read more
The United States has warned Pakistan of the potential ramifications of considering business deals with Iran. Read more
KCCI Iftikhar Ahmed Sheikh have advised SBP to announce a substantial reduction in interest rate by at least 500 basis points in the next monetary policy. Read more
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 4.25%, it said in a statement issued. Read more
Federal minister for maritime affairs Qaiser Ahmed said that the government is working on right sizing of the institutions to streamline the system. Read more
The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six major development projects worth Rs178.1 billion. Read more
Pakistan stocks gained momentum on Wednesday after the prime minister provided some clarity regarding the International Monetary Fund (IMF) loan approval. Read more
The local gas production in the country stood at around 3,200 million cubic feet per day (MMCFD), with about 200 MMCFD consumed during its extraction. Read more
The Pakistani rupee (PKR) depreciated by 6.68 paisa or 0.02% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 278.77 per USD. Read more
To explore fixed income investment opportunities within Pakistan’s economy, Aurangzeb met with a delegation of international investors, led by CEO J.P. Morgan. Read more
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) bounced back in fiscal year 2024 with a net profit of Rs229.06 million [EPS: Rs1.88] as sales jumped. Read more
Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs260,100 per tola, down Rs1,400. Read more
Oil fell further after plunging almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to OPEC+’s plan to boost production. Read more
VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Fatima Fertilizer Company Limited (PSX: FATIMA) at ‘AA+’ for long-term. Read more
Chakwal Spinning Mills Ltd (PSX: CLOUD) has vehemently denied recent reports suggesting that its management. Read more
To strengthen the economic ties between Pakistan and Denmark, particularly in the mining and cement industries. Read more
BF Biosciences Limited (BFBL)has entered into a contract manufacturing and supply agreement. Read more
The government has introduced a contributory pension fund scheme for the new entrants who are appointed on regular basis on or after July 01, 2024. Read more
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 156,978.85 49.28M | 0.51% 801.03 |
| ALLSHR | 96,090.81 167.50M | 0.48% 460.43 |
| KSE30 | 47,873.89 45.81M | 0.41% 195.42 |
| KMI30 | 231,076.18 25.21M | 0.61% 1393.96 |
| KMIALLSHR | 64,704.95 65.80M | 0.53% 338.19 |
| BKTi | 42,200.65 27.71M | 0.66% 277.85 |
| OGTi | 31,568.86 4.25M | -0.53% -166.93 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,040.00 | 118,295.00 116,115.00 | 2215.00 1.91% |
| BRENT CRUDE | 67.82 | 68.01 67.50 | -0.13 -0.19% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 93.50 | 93.50 93.50 | 0.15 0.16% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 63.55 | 63.82 63.24 | -0.50 -0.78% |
| SUGAR #11 WORLD | 16.23 | 16.59 16.23 | -0.33 -1.99% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Large Scale Manufacturing (LSM)
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|