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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.

The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs353.05bn. Read more

Total Cement despatches during November 2024 were 4.146 million tons against 3.927m tons despatched during the same month of last fiscal year. Read more

Turkey’s annual inflation rate slowed for the sixth month in a row in November, official data showed Tuesday, as the central bank has kept borrowing costs. Read more

Foreign investors have pulled out a substantial $36.58 million from Pakistani T-bills during the week ended November 22, 2024, State Bank of Pakistan (SBP). Read more

Germany’s blue-chip DAX stock index jumped above 20,000 points for the first time on Tuesday, following gains on US and Asian markets. Read more

Bulls once again remained unstoppable, driving the Pakistan Stock Market to new highs on expectations of significantly broader rate cuts by the central bank. Read more

The Pakistani rupee (PKR) increased by 10.48 paisa or 0.04% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 277.87 per USD. Read more

The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has directed the Competition Commission of Pakistan (CCP). Read more

Global oil prices rose on Tuesday, as traders awaited the outcome of an OPEC+ meeting later this week, as Reuters reported. Read more

Minister for Energy of Pakistan Sardar Awais Khan Legahri and Russian Minister for Transport Roman Starovoyt in a meeting today positively assessed. Read more

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs275,200 per tola, up Rs700. Read more

Citi Pharma Limited (PSX: CPHL) has forged a strategic partnership with Mersi Farma, an Indonesia-based Based Leading Pharmaceutical Company. Read more

JS Global Capital Limited, as Manager to the Offer, has re-submitted Public Announcement of Intention (PAI) by Asif Ali Shaikh to acquire up to 9.02 million. Read more

Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) has resumed its production activities in accordance with its normal routine as of December 3, 2024. Read more

Cotton arrivals in Pakistan fell 33.05% to 5.19 million bales as of November 30, 2024, as compared to 7.75m bales in the same period of last year. Read more

Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, stressed the need for an independent validation of NESPAK’s. Read more

The Securities & Exchange Commission of Pakistan has renewed a license to Dawood Equities Limited (PSX: DEL) as an underwriter to carry out activities. Read more

In response to concerns expressed by the Pakistan Tea Association (PTA) over the fixation of Minimum Retail Price (MRP) of Rs1,200 per kg. Read more

The IMF program is proceeding smoothly, with no disruptions, as the Government of Pakistan remains fully committed to meeting all the conditionalities. Read more

Atif Ikram Sheikh, President of FPCCI, has suggested that the federal and provincial governments should facilitate the establishment. Read more

K-Electric Limited (KEL) has urged Pakistan railway authorities to clear outstanding dues of Rs430 million accumulated against 31 connections since May 2024. Read more

The consortium, involving prominent textile giants, has submitted a fresh Public Announcement of Intention (PAI) to acquire approximately 68.89%. Read more

Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Tuesday, highlighted a 25.6% (YOY) increase in tax revenues for the first quarter of FY 2025. Read more

The Board of Directors of United Bank Limited (UBL) has approved a share swap arrangement. Read more

The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL), in their meeting held yesterday, approved a declaration of solvency. Read more

Pakistan’s predetermined short-term net drains on foreign currency assets by the end of October stood at $30.81 billion for the next 12 months. Read more

Pakistan’s gold reserves, which include gold deposits and swapped gold stood at $5.69 billion as of October 2024. Read more

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Posted on: 2024-12-04T06:50:50+05:00