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Mettis Global News

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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December 04, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
 

Pakistan’s inflation slowed to 4.9% in November compared to the previous year, marking the lowest price increase since April 2018. Read more

The Advances to Deposit Ratio (ADR) of the banking sector stood at 44.3% as of October 2024, significantly up by 502 basis points compared to the ratio. Read more

Pakistan’s trade deficit in November 2024 has decreased notably by 18.6% as exports jumped while imports fell. Read more

The Pakistan Stock Exchange (PSX) has seen a significant increase in its trading value over the past couple of weeks, with today’s session recording. Read more

Pakistan and Saudi Arabia signed of 34 memorandums of understanding (MOUs) on Monday, 7 of which have already been formalized into agreements, valued at $560m. Read more

The Pakistan Telecommunication Authority (PTA) decided on Sunday not to ban virtual private networks (VPNs). Read more

The GCC economy is expected to grow to an average of 4.2% over 2025-2026, driven by higher oil output and supported by the continued growth. Read more

Pakistan’s stock market continued its bull run on Monday, with the benchmark KSE-100 Index surging by 1,917.62 points or 1.89%, to reach 103,274.94, a fresh. Read more

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs274,500 per tola, down Rs1,700. Read more

The Pakistani rupee (PKR) increased by 7.65 paisa or 0.03% against the US dollar in Monday’s interbank session to settle the trade at PKR 277.97 per USD. Read more

The Directors of Nishat Power Limited (PSX: RPPL) have called an emergency board meeting to discuss proposed amendments to certain critical power contracts. Read more

Crescent Star Insurance Limited (PSX: CSIL) has purchased more than 10% of the shares of S.G. Power Limited (PSX: SGPL). Read more

Saudi Pak Leasing Company Limited (SPLC), in its quarterly progress update, highlighted its efforts related to the company’s name change to Saudi Pak. Read more

The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited, a subsidiary of Gulf Energy Development Public Company Limited (Gulf). Read more

The Federal Board of Revenue (FBR) announced on Sunday that it has transferred 60 inland revenue officers from their current posts. Read more

Regal Automobiles Industries Limited has achieved a historic milestone with the unveiling of Pakistan’s first locally assembled electric SUV, the Seres 3. Read more

The Punjab Board of Investment and Trade (PBIT) is actively working to secure pre-credit approval letters from financial institutions for bankable projects. Read more

Global oil prices rose Monday, supported by upbeat factory activity in China, the world’s second largest oil consumer, and as Israel resumed attacks on Lebanon. Read more

Islamic Chamber of Commerce & Development (ICCD) and the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) are jointly organizing. Read more

Gold prices experienced a prominent decline of 0.84% ($22.31) to $2,626.80 per ounce [10:44 am] from the prior day’s close of $2,650.35 per ounce. Read more

Bank Makramah Limited (PSX: BML) has been excluded from the KMI-All Share Index. Read more

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would. Read more

Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, mentioned that countries like China, South Korea, and India have progressed. Read more

The Board of Directors of LSE Financial Services Limited (PSX: LSEFSL) has approved the Scheme of Compromises. Read more

Minister of State for IT and Telecommunication Ms Shaza Fatima Khawaja has urged business users and freelancers to. Read more

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Posted on: 2024-12-03T07:07:12+05:00