October 04, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistani rupee (PKR) continued its ascent for the 20th straight session, appreciating by over 1 rupee against the US dollar in Monday's interbank session as the currency settled the trade at PKR 285.72 per USD, compared to the previous session's closing of PKR 286.76 per USD. Read more
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday decided to constitute an inter-ministerial Committee to present recommendations on the allocation and pricing of gas for the fertilizer industry. Read more
Cement dispatches declined by 3.96% YoY to 4.115 million tons in Sep 2023, as compared to 4.284m tons in the same month of last fiscal year. Read more
The benchmark KSE-100 Index ended Tuesday's trading session at 46,756.80 showing an increase of 129.72 points or 0.28%, closing in towards the key 47,000 level. Read more
The profitability of Ghani Glass Limited (PSX: GHGL) has soared by around 34% YoY in FY23 to Rs8.1 billion (EPS: Rs8.1) compared to the profits of Rs6bn [EPS: Rs6.05] in FY22. Read more
Ghandhara Industries Limited (PSX: GHNI) has reported a profit of Rs179.42 million [EPS: 4.21] in the fiscal year 2023. Read more
Unity Foods Limited (PSX: UNITY) witnessed a substantial 69.05% YoY decline in its profitability, with its after-tax profit for FY23 standing at Rs675.09 million, as compared to a noteworthy profit of Rs2.18 billion [EPS: Rs1.83] during last year. Read more
The Board of Directors of Bank Alfalah Limited (PSX: BAFL) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs2 billion. Read more
Ghandhara Automobiles Limited (PSX: GAL) 's profitability plunged by 38.17% YoY, clocking in its profit after tax at Rs173.53 million in FY23 [EPS: Rs3.04] compared to a profit of Rs280.67m [EPS: Rs4.92] in the previous last year. Read more
Pakistan's real GDP growth is projected to rebound to 1.7% in FY24 and 2.4% in FY25. Read more
In a noteworthy development, the Honorable High Court of Sindh (SHC) has issued an interim order, effectively restraining the implementation of the contentious requisition notice. Read more
Investors looking for attractive and interest-free returns can explore the USD Riba-Free Certificate offered by Bank of Punjab (BOP) Taqwa, offering returns as high as 9% per annum. Read more
The Organic Meat Company Limited (PSX: TOMCL) has received authorization from the UAE authorities to export "Red and White Offals (frozen and fresh vacuum packed)" to the UAE. Read more
Universal Network Systems Limited (PSX: GEMUNSL) has received a binding offer from TPL Logistics (Private) Limited for the acquisition of its e-commerce domestic operations business. Read more
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Posted on: 2023-10-04T06:00:00+05:00
