October 30, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction and resilience in Pakistan. Read more
The buying rate for the Saudi Riyal stood at Rs73.52, while it sold at Rs74.17. The UAE Dirham followed suit. Read more
The Pakistani rupee (PKR) decreased by 6.11 paisa or 0.02% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 277.74 per USD. Read more
Pakistan stocks continued their record-breaking rally for the seventh session on Tuesday amid improving macroeconomic indicators. Read more
The Organic Meat Company Limited’s (PSX: TOMCL) first-quarter profit surged 228.6% to Rs170.61 million [EPS: Rs1.15] during the quarter ending September 2024. Read more
AGP Limited (PSX: AGP) earned a net profit of Rs549.75 million [EPS: Rs1.96] during the quarter ending September 2024, up 35.0%. Read more
Agha Steel Ind.Ltd (PSX: AGHA) suffered a massive loss of Rs1.81bn [LPS: Rs3] in contrast to the profit of Rs125.24m [EPS: Rs 0.21] achieved in the same. Read more
Saif Power Limited (PSX: SPWL) recorded a profit after tax of Rs535.37 million [EPS: Rs1.39] during the quarter ending September 2024, down 25.3%. Read more
WorldCall Telecom Limited (PSX: WTL) reduced its loss by 17.3% in the third quarter of the current year, with a loss after tax of Rs 342.68 million. Read more
Nishat Chunian Power Limited (PSX: NCPL) posted a profit after tax of Rs1.47 billion [EPS: Rs3.99] during the quarter ending September 2024, up 5.8%. Read more
Hum Network Limited (PSX: HUMNL) net profit jumped 40.9% to Rs677.47 million [EPS: Rs0.6] during the quarter ending September 2024. Read more
Mari Petroleum Company Limited (PSX: MARI) has released the withheld bonus shares of shareholders that had deposited their withholding tax on bonus shares. Read more
Ghazi Fabrics International Limited (PSX: GFIL) has decided to partially curtail production activities at its Weaving Unit. Read more
ZAREA Limited, one of Pakistan’s largest digital marketplaces for physical commodities, has applied for listing on the Main Board of PSX. Read more
Fatima Fertilizer Company Limited (PSX: FATIMA) earned a 25.1% higher net profit of Rs9.4 billion [EPS: Rs4.48] during the quarter ending September 2024. Read more
Shell Pakistan Limited (PSX: SHEL) incurred a net loss of Rs727.11 million [LPS: Rs2.78] during the quarter ending September 2024 as its margins plummeted. Read more
Prime Minister Muhammad Shehbaz Sharif on Monday expressed the government’s resolve to make Pakistan a polio-free country. Read more
Calcorp Limited (PSX: CASH) experienced a fall of 41.7% YoY in its earnings for the third quarter, reporting a profit after tax of Rs4.05 billion. Read more
Unity Foods Limited (PSX: UNITY) rebounded with a profit after tax of Rs51.23 million [EPS: Rs0.04] during the quarter ending September 2024. Read more
Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs285,000 per tola, up Rs1,600. Read more
Pioneer Cement Limited (PSX: PIOC) experienced a rise of 9.6% YoY in its third quarter bottom line, earning a profit after tax of Rs1.02 billion [EPS: Rs4.5]. Read more
Pakistan secured external financing worth $593.91 million in September 2024 from multiple financing sources, 119.5% higher than last month. Read more
Pakistan Cables Limited (PSX: PCAL) reported a loss of Rs130.94 million [LPS: Rs2.4] compared to a profit of Rs136.33m [EPS: Rs2.5]. Read more
Pakistan stocks continued their record-breaking rally for the seventh session on Tuesday amid improving macroeconomic indicators. Read more
Pakistan Petroleum Limited’s (PSX: PPL) first-quarter profit fell 20.4% from last year as its revenue contracted while cost of sales rose. Read more
Philip Morris (Pakistan) Limited (PSX: PMPK) reported a loss of Rs113.13 million [LPS: Rs1.84] in the third quarter, contrasting with a profit of Rs287.24m. Read more
Standard Chartered Bank (Pakistan) Ltd (PSX: SCBPL) reported a 12.51% decline in third-quarter earnings, with profit after tax falling to Rs11.08 billion. Read more
Fecto Cement Limited’s (PSX: FECTC) net profit soared 180.1% during the first quarter of FY25 as gross margins jumped. Read more
Dewan Cement Limited’s (PSX: DCL) losses more than doubled in the first quarter as sales fell. Read more
Meezan Bank, Pakistan’s leading Islamic financial institution, has cemented its position as the country’s most valuable lender after its shares surged. Read more
Engro Corporation’s revenue from continued operations grew by 12% to Rs279 billion, compared to Rs250bn in the same period of 2023. Read more
Minister of State for IT and Telecommunication Shaza Fatima Khawaja has said that the technology has important role in addressing urgent challenges. Read more
Sitara Chemical Industries Limited (PSX: SITC) posted a net profit of Rs155.33 million [EPS: Rs7.25] during the quarter ending September 2024, down 23.0%. Read more
Pakistan Aluminium Beverage Cans Limited (PSX: PABC) earned a net profit of Rs1.71 billion [EPS: Rs4.72] during the quarter ending September 2024, up 15.1%. Read more
Pakistan and Russia have reaffirmed their resolve to further strengthen bilateral ties in the areas of trade, commerce, investment, agriculture, and energy. Read more
Engro Corporation Limited (PSX: ENGRO) recorded a profit after tax of Rs10.38 billion [EPS: Rs10.66] during the quarter ending September 2024, down 53.7%. Read more
TRG Pakistan Limited (PSX: TRG) reported its profit and loss statement for the first quarter of FY25, wherein the net profit clocked in at Rs2.41 billion. Read more
Copyright Mettis Link News
Posted on: 2024-10-30T06:00:00+05:00
