MG Morning Breeze: Updates to Skim before Market
MG News | October 28, 2024 at 06:00 AM GMT+05:00
October 28, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The total power generation in the country decreased by 6.4% to 12,486 GWh during September 2024 as compared to 13,339 GWh in the same month of last year. Read more
Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps low and middle income countries mitigate climate risk. Read more
During a discussion with Geoffrey Pyatt, US Assistant Secretary of State for Energy Resources, Finance Minister Muhammad. Read more
The financial market will be watching Iran’s reaction to the Israeli raid on Saturday, which Israel claims was finished. Read more
Gold price in Pakistan increased on Saturday, with 24-karat gold being sold at Rs284,300 per tola, up Rs2,000. Read more
This week, developments in Pakistan’s corporate landscape have inspired us with Hoechst Pakistan boldly. Read more
Pakistan stocks continued to face selling pressure from foreign investors who dumped stocks for the eighth week in a row, the longest streak since mid-2022. Read more
Pakistan stocks soared to new heights this week amid improving macroeconomic indicators and expectations of further reduction in the policy rate. Read more
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad shared Pakistan’s economic progress with global investors and international. Read more
Kot Addu Power Company Limited (PSX: KAPCO)’s bid for the proposed K-Electric solar project to be set up at Deh Metha Ghar, Sindh for 150 MW is the lowest. Read more
The State Bank of Pakistan (SBP) has invited bids for the Market Treasury Bills (MTBs) buyback auction scheduled for October 29-30, 2024. Read more
Habib Metropolitan Bank Limited (PSX: HMB)’s earnings for the quarter ended September 30, 2024 (3QCY24) inched up to Rs7.71 billion [EPS: Rs7.14]. Read more
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days. Read more
JS Bank Limited (PSX: JSBL)’s earnings on a consolidated basis during the third quarter of 2024 dropped by 44.18%, booking a profit of Rs2.99bn [EPS: 1.07]. Read more
Abbot Laboratories (Pakistan) Limited (PSX: ABOT) reported its third-quarter earnings, wherein the profit after tax clocked in at Rs1.81 billion [EPS: Rs18.48]. Read more
Clover Pakistan Limited (PSX: CLOV) rebounded in the first quarter of FY25, posting a net profit of Rs87.69 million [EPS: Rs2.82] as its sales rose. Read more
Thatta Cement Company Limited (PSX: THCCL) recorded an increase of 392.0% in its profits during the first quarter of FY25 as its gross margins jumped. Read more
Millat Tractors Limited (PSX: MTL) unveiled its profit and loss statement, wherein the profit after tax clocked in at Rs569.21 million [EPS: Rs2.97]. Read more
The Pakistani rupee (PKR) appreciated by 20.00 paisa or 0.07% against the US dollar in Friday’s interbank session to settle the trade at PKR 277.64 per USD. Read more
Pakistan State Oil Company Limited (PSX: PSO) recorded a decrease of 81.9% YoY in its profitability, clocking in its profit after tax. Read more
Oil & Gas Development Company Limited (PSX: OGDC) recorded a decline of 16% in its first-quarter profit, significantly hurt by lower sales. Read more
Murree Brewery Company Limited (PSX: MUREB) recorded an increase of 54.7% YoY in its quarterly earnings, with the company’s after-tax profits. Read more
Pakistan’s short-term inflation decreased by 0.22% WoW during the week ended October 24, 2024, while the annual increase was 15.15%. Read more
Fauji Cement Company Limited (PSX: FCCL) posted a net profit of Rs3.25 billion [EPS: Rs1.32] during the quarter ending September 2024, up 24.2%. Read more
Lotte Chemical Pakistan Limited’s (PSX: LOTCHEM)profit after tax plunged 75.1% to Rs494.94 million [EPS: Rs0.33] during the thrid quarter of 2024. Read more
Fatima Fertilizers’ Multan plant has become eligible for financial support from the NACAG Secretariat to install catalysts, following the signing. Read more
Chinese electric vehicle giant BYD has launched the BYD Seal and BYD Atto 3 in Pakistan, PakWheels, Pakistan’s automobile website said. Read more
Rafhan Maize Products Limited (PSX: RMPL) earned a profit after tax of Rs1.85 billion [EPS: Rs200.78], witnessing a surge of 37.74% YoY. Read more
Mashreq Bank is expanding its operations in Pakistan and will soon launch a new office. Read more
Gharibwal Cement Limited (PSX: GWLC) on Friday reported a profit after tax of Rs535.08 million [EPS: Rs1.34] for the quarter ending September 2024. Read more
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 117,860.00 | 119,740.00 116,460.00 | -435.00 -0.37% |
| BRENT CRUDE | 73.52 | 73.63 71.75 | 1.01 1.39% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.37 | 70.51 68.45 | 1.16 1.68% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|