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MPS Preview: SBP set to slash policy rate by 200bps

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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November 07, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial rise of 296.05% in the sale of four-wheel off-road and passenger vehicles in October. Read more

The Board of Directors of Silkbank Limited (PSX: SILK), in its meeting held on November 6, 2024, has accorded its in-principle approval for a potential merger. Read more

Maple Leaf Cement Factory Limited (PSX: MLCF) has submitted a public intention to acquire 37.86% shares (i.e. 160,762,209 shares) of Agritech Limited (PSX: AGL) Read more

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs282,200 per tola, down Rs1,000. Read more

Pakistan stocks rose during early hours Wednesday but then gave up their advance and ended in red after Donald Trump won the US presidential election. Read more

The Pakistan Stock Exchange (PSX) announced today the placement of Al Shaheer Corporation Limited (PSX: ASC) in the Defaulters’ Segment, effective November 6. Read more

The Pakistani rupee (PKR) decreased by 5.44 paisa or 0.02% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 277.89 per USD. Read more

Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president. Read more

The State Bank of Pakistan will remain closed on Saturday, November 09, 2024, on the occasion of Iqbal Day. Read more

Mughal Iron & Steel Industries Limited (PSX: MUGHAL) has reached a decision to issue 50 million Unlisted Ordinary Class-C shares—an eye-catching move. Read more

Coca-Cola Icecek AS saw a drop in sales in Pakistan and Turkey due to calls in the region to boycott brands. Read more

Aurangzeb launched SECPs Electronic Mortgage Register of Companies to provide a centralized system for accessing and verifying mortgage information of companies Read more

SBP has given in-principle approval to Toko Lab Private Limited and PayMob for establishing as an EMI and Payment System Operator (PSO)/Payment Service Provider Read more

Pakistan State Oil (PSO) and Hub Power Holdings Limited (HPHL) have signed a Memorandum of Understanding (MoU) to establish a nationwide electric vehicle (EV). Read more

Dewan Farooque Motors reported a nearly 100% increase in its net loss for FY24, as the company’s cost of sales surged while it struggled to generate any revenue Read more

Pakistan’s agricultural industry is struggling to adjust to the end of a shortlived boom in supplying a staple for China’s kitchens. Read more

Zong, Pakistan’s leading cellular and digital services provider announced its achievement of the prestigious TIA-942-C Rated-3 Certification for its Data Center Read more

Bitcoin jumped to a record as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Trump. Read more

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Posted on: 2024-11-07T06:00:00+05:00