October 05, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The $1,807 support level is the last line in the sand for gold bulls, if this breaks next support lies at $1,717 which should not be tested if gold is to see any bullish momentum in the short to mid-term. Read more
The Pakistani rupee (PKR) appreciated by 1.04 rupees against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 284.68 per USD, compared to the previous session's closing of PKR 285.72 per USD. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs557.388 billion for 3,6 and 12 months against a target of Rs600bn. Read more
SBP sold Pakistan Investment Bond – Floating Rate (PIB-FRR) semiannual and quarterly worth Rs518.36 billion for 2, 3, 5 and 10 years against a target of Rs280bn. Read more
Pakistan LNG Limited (PLL), the state-owned company that procures Liquefied Natural Gas (LNG) and deliver Natural Gas to Pakistan has received bids for 2 LNG Cargoes from international suppliers. Read more
The benchmark KSE-100 Index concluded Wednesday's trading session at 47,079.83 showing an increase of 323.03 points or 0.69%. Read more
Oilboy Energy Limited (PSX: OBOY) reduced its losses by 70.49% YoY, reporting a loss after tax of Rs18.19 million in FY23 [LPS: Rs0.75] compared to a loss of Rs61.64m [LPS: Rs5.98] in the previous year. Read more
As the International Monetary Fund (IMF) review approaches, the delay in gas price decision has become the burning question. Read more
Flying Cement Company Limited (PSX: FLYNG) 's profitability plunged by 70.71% YoY to Rs271.25 million [EPS: 13.84] in the fiscal year 2023. Read more
The World Bank has devised a road map for addressing fiscal constraints where weakness in revenues and expenditure policies have contributed to economic imbalances. Read more
Textile exports in the month of September 2023 slumped by 12% YoY to $1.35 billion, compared to $1.53bn in September 2022. Read more
Pakistan Railways has charged its officials concerned to initiate the procedure to recover outstanding dues from the federal and provincial departments. Read more
With the objective to redefine the automotive sector in Pakistan and to expand its presence in it, Hyundai Nishat Motor (Private) Limited (HNMPL) has launched the Santa FE Hybrid, a locally manufactured D-SUV hybrid vehicle. Read more
K-Electric Ltd. is currently in talks with financial institutions abroad to raise around $400 million to meet growing power demand as the nation grapples with an ongoing energy crisis. Read more
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Posted on: 2023-10-05T06:00:00+05:00
