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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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November 29, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The net sale of securities for the week ended November 22, 2024 clocked in at Rs10.1bn, as compared to a net sale worth Rs3.61bn recorded last week. Read more

The State Bank of Pakistan (SBP) has received $500 million from Asian Development Bank (ADB) as proceeds of a loan to the Government of Pakistan. Read more

The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR). Read more

The total money supply circulating within the economy till October 2024 has been recorded at Rs39.93 trillion, according to provisional accounts. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $130.54 million or 1.16% WoW to $11.42 billion during the week. Read more

The Competition Commission of Pakistan (CCP) has granted approval for the merger of M/s. Millat Equipment Limited (MEL) with Millat Tractors Limited. Read more

The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform operating under the name “IGIL Securities”. Read more

The Pakistani rupee (PKR) deteriorated by 8.15 paisa or 0.03% against the US dollar in Thursday’s interbank session to settle the trade at PKR 278.04 per USD. Read more

The Pakistan stock market achieved its much-awaited target, with the benchmark index reaching 100,000 points. It rose by 813.52 points, or 0.82%. Read more

In order to facilitate the intending pilgrims to deposit Hajj applications along with dues for Hajj 2025, State Bank of Pakistan has directed 15 designated. Read more

The name of Dar Es Salaam Textile Mills Limited (PSX: DSML) has officially been changed to TPL Life Insurance Limited. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs275,200 per tola, down Rs700. Read more

The Board of Directors of Bank Makramah Limited (PSX: BML) has approved the Scheme of Arrangement for the restructuring of the Bank. Read more

Pakistan and the World Bank today agreed to collaborate on an anti-smog plan, with a joint team from the World Bank and the Capital Development Authority (CDA). Read more

Cherat Packaging Limited (PSX: CPPL) has successfully completed the sale of its Papersack production line (Line III), receiving proceeds of €440,000. Read more

Global oil prices dropped for the fourth straight session on Thursday after a surprise jump in U.S. gasoline inventories, while investors await. Read more

Roshan Packages Limited (PSX: RPL) is set to strengthen its market position through vertical integration with its subsidiary. Read more

The management of Mari Petroleum Company Limited (PSX: MARI) has proposed changing the company’s name to “Mari Energies Limited.”. Read more

Pace Barka Properties Limited has entered into a partnership joint venture (JV) with Ever Green Water Valley (Pvt.) Limited and Initiative (Pvt.) Limited. Read more

Following the initiation of the MoU signed between Hi-Tech Lubricants Limited (PSX: HTL) and SK Enmove Co., HTL has officially begun blending and packaging. Read more

Gold prices experienced a significant decrease of -$2.57 to $2,633.51 per ounce [11:16 am] from the prior day’s close of $2,636.09 per ounce. Read more

More than 50% of the physical work on Stage-1 of the Greater Karachi Bulk Water Supply Scheme (K-IV) has been completed. Read more

Considering the law and order situation and road closures causing difficulties for consumers in paying their electricity bills, the Islamabad Electric Supply. Read more

Atif Ikram Sheikh, President FPCCI, has demanded that the country needs a new law for its Oil & Gas Regulatory Authority (OGRA) to reflect the ground. Read more

The benchmark KSE-100 index wasted no time making history today as right after the market opening, the index surged swiftly. Read more

The United States slapped sanctions on 21 top Venezuelan security and cabinet officials Wednesday, accusing them of a campaign of repression. Read more

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Posted on: 2024-11-29T06:15:52+05:00