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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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September 06, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $33.4 million or 0.36% WoW to $9.44 billion during the week. Read more

The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs18.39 billion in July as compared to receipts of Rs1.63bn. Read more

The total deposits held by scheduled banks have moved up by 0.4% to Rs30.71 trillion as of August 2024 compared to last month. Read more

Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial rise of 219.8% YoY in the sale of four-wheel off-road and passenger vehicles. Read more

The decision to transform marketable lot of various sizes into one-share marketable lot was praised for its advantages by all stakeholders. And indeed, it should be. Read more

Kohat Cement Limited (PSX: KOHC) recorded an increase of 420.4% in its profitability during the quarter ending June 2024 compared to last year. Read more

The total government domestic debt and liabilities have increased by 20.98% YoY to Rs48.06 trillion in July 2024, compared to Rs39.73tr in July 2023. Read more

The total debt of the central government increased by 12.67% YoY to Rs69.6 trillion in July 2024, compared to Rs61.78tr in July 2023. Read more

The Pakistan Stock Exchange Limited (PSX) has conducted the JS Momentum Factor Index (JSMFI) recomposition exercise as of August 30, 2024. Read more

The federal government has decided to divert 50% of public sector imports to Gwadar Port with the support of Special Investment Facilitation Council. Read more

The benchmark KSE-100 Index concluded Thursday’s trading session almost flat at 78,863.34, showing a marginal increase of 15.33 points or 0.02%. Read more

The Pakistani rupee (PKR) appreciated by 9.18 paisa or 0.03% against the US dollar in Thursday’s interbank session to settle the trade at PKR 278.68 per USD. Read more

The Board of Directors of Kohat Cement Company Limited (PSX: KOHC) has approved the renewal of an investment through a mark-up bearing, short-term. Read more

The board of directors of Siddiqsons Tin Plate Limited (PSX: STPL) has initiated the formal process for the closure of the tinplate plant located at Winder. Read more

Meezan Bank, Pakistan’s leading Islamic bank and Mastercard, has renewed the strategic partnership. Read more

The delegation from the European Investment Bank (EIB) yesterday expressed interest in water filtration and industrial water recycling projects in Karachi. Read more

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs262,100 per tola, up Rs2,000. Read more

The Senate Standing Committee on National Food Security & Research reviewed the Agriculture Research Center (NARC) and highlighted challenges. Read more

After receiving a total of 15 bids for 150MW solar power projects in Balochistan, there has been further activity in the energy sector as K-Electric Limited. Read more

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Engro Powergen Qadirpur Limited (PSX: EPQL) at ‘AA-’ for long-term and ‘A-1’. Read more

Standard Chartered views Pakistan as a key market with vast opportunities and is committed to deepening its engagement with the country by providing. Read more

The Reserve Bank of India’s (RBI) recent proposal to raise run-off factors for internet and mobile banking accounts in calculating liquidity coverage ratios. Read more

The Ministry of Information and Broadcasting has rejected as false a notification, circulating on social media that declares September 6 as a public. Read more

The State Bank of Pakistan (SBP) has set the rate of remuneration for Septemebr 2024 on Special Cash Reserve Account (US$) at 4.20%. Read more

The Board of Directors of Pakistan Cables Limited (PSX: PCAL) has approved the sale of the company’s bifurcated land located in Karachi. Read more

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Posted on: 2024-09-06T06:00:00+05:00