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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 11, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The 11th Sectoral Special Investment Facilitation Council (SIFC) Executive Committee Meeting, scheduled for December 11, 2024. Read more

To strengthen bilateral ties in trade, energy, and other key sectors, Memorandums of Understanding (MoUs) will be signed during the Pakistan-Tajikistan Joint. Read more

The government is targeting to raise Rs7.6 trillion during the three months from December to February 2024. Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs316.88 billion. Read more

The sales of cars, including LCVs, vans, and jeeps, in Pakistan increased by 56.0% in November 2024, clocking in at 10,100 units. Read more

The benchmark KSE-100 Index concluded Tuesday’s trading session at 108,896.65, showing a decrease of 1,073.73 points or 0.98%. Read more

Gold spot prices gained 1.40% ($56.84) at $2,668.98 per ounce, as of [3:37 pm PST] from the prior day’s close of $2,660.32 per ounce, Gold futures also. Read more

The Pakistani rupee (PKR) fell by 7.50 paisa or 0.03% against the US dollar in Tuesday’s interbank session to settle. Read more

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs277,400 per tola, up Rs1,000. Read more

The Bank of England can cut borrowing costs five more times to 3.5% before it runs the risk of overheating the economy and reigniting inflation. Read more

Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial drop of 41.72% in the sale of four-wheel off-road and passenger vehicles in November 2024. Read more

The State Bank of Pakistan (SBP) has issued a new set of directives to banks and microfinance banks (MFBs). Read more

Oil prices slipped on Tuesday as concerns eased about the fallout from Syrian President Bashar al-Assad’s overthrow, but the market found support in China’s. Read more

The Board of Directors of Fatima Fertilizer Company Limited (PSX: FATIMA) has approved the Scheme. Read more

Pakistan Credit Rating Agency Limited (PACRA) has assigned a long-term rating of ‘AA’ and a short-term rating of ‘A1+’ to Yunus Textile Mills Limited (YTML). Read more

China’s Consumer Price Index (CPI) rose by 0.2% year-on-year in November due to stronger consumer confidence, official data showed on Monday. Read more

China’s exports of rare earth minerals in November slipped 7.1% from October, customs data showed on Tuesday. Read more

A Memorandum of Understanding (MoU) was signed between Chinese company AI Force Tech and Punjab Agriculture Department of Pakistan on Monday. Read more

China’s soybean imports fell by 9% to 7.15 million metric tons in November, down from 7.92mn tons during the same period last year. Read more

The trading session at the stock market has started today on a similarly positive note, with Pakistani stocks continuing the uninterrupted rally observed. Read more

The National Clearing Company of Pakistan Limited (NCCPL) has introduced certain amendments to regulations related to the Margin Trading System (MTS). Read more

Environmental experts have voiced concerns about the carbon footprint generated by the logistics involved in the 2030 FIFA World Cup, which will span three. Read more

Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate. Read more

TRGI portfolio company Afiniti, Ltd., a global customer experience and artificial intelligence provider. Read more

Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh on Monday emphasized the potential for enhanced bilateral. Read more

Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) has signed a non-binding Memorandum of Understanding (MoU). Read more

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Posted on: 2024-12-11T08:07:06+05:00