MG Morning Breeze: Updates to Skim before Market

October 29, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan stocks set to outshine gold for second year running

Pakistan stocks are once again on track to outperform gold in delivering higher calendar-year returns, driven by improved macroeconomic indicators. Read more

• PSX Closing Bell: Cashing In

The benchmark KSE-100 Index concluded Monday’s trading session at 90,195.51, showing an increase of 201.55 points or 0.22%. Read more

• Cherat Cement profit soars 88% in Q1

Pakistan’s cement manufacturer Cherat Cement Company Limited (PSX: CHCC) saw its first-quarter profit grow by 87.7% to Rs2.88 billion [EPS: Rs14.81]. Read more

• PKR decreases by 4 paisa against USD

The Pakistani rupee (PKR) deteriorated by 3.89 paisa or 0.01% against the US dollar in Monday’s interbank session to settle the trade at PKR 277.68 per USD. Read more

• FEROZ’s profit slumps 22% in Q1 FY25

Ferozsons Laboratories Limited (PSX: FEROZ)’s bottom line in Q1 FY25 contracted by 22.16% YoY to Rs140.5 million [EPS: Rs3.23]. Read more

• CNERGY incurs Rs1.6bn loss in three months

Cnergyico PK Limited (PSX: CNERGY) recorded a loss after tax of Rs1.6 billion [LPS: Rs0.29] during the quarter ending September 2024. Read more

• Air Link Communication profit falls 45%

Air Link Communication Limited (PSX: AIRLINK) posted a 44.6% decline in first-quarter profits as its expenses jumped. Read more

• Lucky Cement beats Q1 profit estimates on strong sales

Lucky Cement Limited (PSX: LUCK) posted first-quarter profit above analysts’ estimates on Monday amid strong sales. Read more

• PHDL quarterly profit surges 14-fold

Pakistan Hotels Developers Limited (PSX: PHDL) earned a net profit of Rs232.64 million [EPS: Rs12.92] during the quarter ending September 2024, up 1280.5%. Read more

• Fauji Fertilizer Q3 profit surges 80%

Fauji Fertilizer Company Limited (PSX: FFC) earned a profit after tax of Rs16.48 billion [EPS: Rs12.95] during the quarter ending September 2024. Read more

• TPL Properties losses widen four times

TPL Properties Limited (PSX: TPLP) recorded a net loss of Rs884.33 million [LPS: Rs1.58] during the quarter ending September 2024, up a significant 296.9%. Read more

• GSK Pakistan posts robust quarterly profit

GlaxoSmithKline (Pakistan) Limited (PSX: GLAXO) posted a profit after tax of Rs1.93 billion [EPS: Rs6.06] during the quarter ending September 2024. Read more

• Indus Motor Company temporarily shuts operations

Indus Motor Company Limited (PSX: INDU) has decided to temporarily suspend operations at its production plant from October 29 to 31 due to parts shortage. Read more

• AGTL profit falls 35% on lower revenue, higher expenses

Al-Ghazi Tractors Limited (PSX: AGTL) experienced a fall of 35.4% YoY in its quarterly bottom line, earning a profit after tax of Rs633.45 million. Read more

• KSE-100 nears 91,000 as bull run continues

Pakistan stocks continued their recor­d-breaking rally for the fifth straight session on Monday. Read more

• FBR refutes misleading media claims on customs directorate

The Federal Board of Revenue (FBR) has categorically refuted the recent misleading claims by certain sections of the media that misrepresented the role. Read more

• Packages Limited’s Q3 profit falls over 45%

Packages Limited (PSX: PKGS) revealed its third-quarter earnings, wherein the profit after tax dropped over 45% to Rs464.66 million [EPS: Rs5.2] compared. Read more

• BF Biosciences injects 14% profit surge in Q1 FY25

Newly listed at the Pakistan Stock Exchange, BF Biosciences Limited (BFBIO) has notified its financial results for the. Read more

• Lucky Core reports subdued earnings growth

Lucky Core Industries Limited (PSX: LCI) posted a paltry growth in its earnings during the first quarter of FY25 as the business operations c Read more

• Sazgar quarterly profit surges over six times

Sazgar Engineering Works Limited (PSX: SAZEW) recorded a net profit of Rs4.22 billion [EPS: Rs69.77] during the quarter ending September 2024, up 540.4% from th Read more

• Gul Ahmed profit falls 40% despite higher revenue

Gul Ahmed Textile Mills Limited (PSX: GATM) posted a 40.2% decline in its net profit during the quarter ending September 2024 despite higher revenue. Read more

• Indus Motor profit jumps 58% in Q1

Indus Motor Company Limited (PSX: INDU) reported a profit of Rs5.09 billion for the July-September quarter, an increase of 58.3%. Read more

• Colgate earns Rs5.1bn in three months

Colgate Palmolive (Pakistan) Limited (PSX: COLG) earned a net profit of Rs5.1 billion [EPS: Rs21.02] during the quarter ending September 2024, up 37.9%. Read more

• RTO Islamabad seals two restaurants for issuing fake receipts

As part of FBR’s drive to bring Tier-1 Retailers/Restaurants under the tax net through the POS Invoicing system and after the. Read more

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