MG Morning Breeze: Updates to Skim before Market

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MG News | October 04, 2024 at 06:00 AM GMT+05:00

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October 04, 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) surged by $1.17 billion or 12.25% WoW to $10.7 billion. Read more

Cotton arrivals in Pakistan plunged 59% to 2.04 million bales as of September 30, 2024, as compared to 5.025m bales in the same period of last year. Read more

Workers’ remittances are one of the major sources of foreign exchange earnings for many developing countries and are a lifeline for their development. Read more

Pakistan and Denmark signed a strategic MOU on Wednesday, after which Maersk, a Danish shipping company, is set to invest nearly $2 billion in Pakistan’s. Read more

Unity Foods Limited (PSX: UNITY) recorded a loss after tax of Rs1.04 billion [LPS: Rs0.87] during April-June quarter, compared to a profit of Rs1.39bn. Read more

TPL Corp Limited (PSX: TPL) losses widened by 62% in the financial year 2024 as its dividend income slumped. Read more

The exchange rates for Saudi Riyal (SAR) and UAE Dirham (AED) remained largely stable in today’s open. Read more

The Pakistani rupee (PKR) depreciated by 10.49 paisa or 0.04% against the US dollar in Thursday’s interbank session to settle the trade at PKR 277.74 per USD. Read more

Pakistan stocks jumped on Thursday largely driven by index heavyweight Fauji Fertilizer as its shares surged over 8%. Read more

Pakistan Credit Rating Agency Limited (PACRA) has downgraded the entity ratings of Amreli Steels Limited (PSX: ASTL) from “BBB” to “BB” for the long-term. Read more

Suhail Jute Mills Limited (PSX: SUHJ) reported no meaningful progress in respect of the sale of Land during. Read more

Pakistan Stock Exchange Limited (PSX) has alerted the investing public regarding the surge in fraudulent activities through different social media platforms. Read more

Ferozsons Laboratories Limited (PSX: FEROZ) has entered into a non-exclusive voluntary license agreement with Gilead. Read more

To meet the changing needs of the agricultural sector, Al-Ghazi Tractors Limited (PSX: AGTL) has launched a new. Read more

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