MG Morning Breeze: Updates to Skim before Market

February 26, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• PSX reports compliance update for KSTM

The Pakistan Stock Exchange (PSX) has declared the rectification of non-compliance by Khalid. Read more

• Pakistan needs deeper financial reforms: SBP Governor

The Governor of the State reiterated the need to significantly increase financial deepening in Pakistan. Read more

• Urgent call to cut electricity tariffs to Rs26/kWh by Ahmed Chinoy

Pakistan’s economic stability is under severe threat as high electricity tariffs continue to cripple. Read more

• CCP, Yango meet to explore ride-hailing, delivery services

To explore Yango’s ride-hailing, delivery, and other digital platform services in Pakistan, the Competition Commission of Pakistan (CCP). Read more

• KEZAD & Bisconni sign 50-year lease for Abu Dhabi factory

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the leading operator of integrated and purpose-built economic zones. Read more

• Govt borrows Rs65bn debt in a week

The government of Pakistan has acquired an additional debt of Rs65.29 billion during the week ended February 14, 2025. Read more

• M2 falls by Rs174bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs174.27 billion. Read more

• Saudi Riyal to PKR exchange rate

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

• Matco Foods nearly triples net profit to Rs238mn in H1FY25

Matco Foods Limited (PSX: MFL) has reported a significant 182% increase in net profit for the half-year ended December 31, 2024, reaching Rs238 million. Read more

• NEPRA approves inclusion of KAPCO plant in Power Acquisition Plan 2023-27

The National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of the Kot Addu Power Company Limited’s (KAPCO) power plant in the Power. Read more

• IPAK’s profits take a nosedive, down 62% YoY

International Packaging Films Limited (PSX: IPAK) has reported a significant decline of 62.26% YoY in its profit after tax. Read more

• Gold price in Pakistan falls Rs800 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs308,700 per tola, down Rs800. Read more

• KAPCO reports 20% decline in 1HFY25 net profit to Rs2bn

Kot Addu Power Company Limited (KAPCO) has reported a 20% decline in net profit for the half-year ended December 31, 2024, with earnings amounting to Rs2. Read more

• PSX Closing Bell: Tubthumping

The benchmark KSE-100 Index concluded Tuesday’s trading session at 114,528.08, showing an increase of 197.98 points or 0.17%. Read more

• PKR hits 52-week low, closes at 279.67/USD

The Pakistani rupee (PKR) remained relatively flat against the US dollar in Tuesday’s interbank. Read more

• Treet Battery powers up, cutting net losses by 38% to Rs174mn

Treet Battery Limited (TBL) has reported a reduced net loss of Rs174 million for the half-year ended December 31, 2024, marking a 38% improvement compared to. Read more

• Atlas Battery’s profits run out of charge, drop 39%

Atlas Battery Limited (PSX: ATBA) reported a 39.5% decline in net profit to Rs165.41 million [EPS: Rs4.72] for the half-year ended December. Read more

• FCCL lays a strong foundation with 38% profit growth

Fauji Cement Company Limited (PSX: FCCL) posted a net profit of Rs7.27 billion [EPS: Rs2.96] for the six-month period ended December 31. Read more

• Ghani Glass feels the heat as profits melt by 15%

Ghani Glass Limited (PSX: GHGL) has reported a 15% decrease in its net profit for the half-year ended December 31, 2024, with earnings after taxation standing. Read more

• Mughal Steel’s profits take a hit, down 86% YoY

Mughal Iron and Steel Industries Limited (PSX: MUGHAL) has reported a profit of Rs186.04 million [EPS: Rs0.56] for the six-month. Read more

• PSX, Baku Stock Exchange ink deal to fuel cross-border market growth

Pakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU). Read more

• GVGL’s profits remain unbreakable, rising to Rs530mn

Ghani Value Glass Limited (GVGL) has reported a profit of Rs530 million for the half-year ended December 31, 2024, reflecting a nearly 11% increase from. Read more

• TOWL couldn’t soak up losses as profits slashed by two-thirds

Towellers Limited (TOWL) has reported a sharp decline in its profitability for the half-year ended December 31, 2024. The company’s profit for the period. Read more

• European car sales drop 2% in January despite EV surge

New car sales in Europe were down by 2.1% in January, as a jump in fully electric and hybrid-electric car registrations in its main markets was not enough to. Read more

• OGDC discovers gas, condensate at Spinwam-1 well in North Waziristan

Oil & Gas Development Company Limited (PSX: OGDC) has discovered gas/condensate at the Spinwam-1 exploratory well, drilled in the Waziristan block, located. Read more

• Hong Kong budget aims to curb deficit amid economic challenges

Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to. Read more

• Romina Khurshid urges OIC member states to prioritize water security

Member states of the Organization of Islamic Cooperation (OIC) have been urged to prioritize water security in their climate action strategies, enhance. Read more

• Oil prices rise as U.S. sanctions on Iran stoke supply concerns

Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as. Read more

• Gold hits record high amid tariff concerns, strong ETF inflows

Gold prices surged to a record high on Monday, driven by safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans, with additional. Read more

• KSE-100 soars 1,500+ points

Amid optimism on the economic front and strong earnings reports, the benchmark KSE-100 Index gained 1,502.69 points. Read more

• Gul Ahmed’s profits take a stitch in time, dropping 6%

Gul Ahmed Textile Mills Limited (PSX: GATM) has reported a net profit of Rs1 billion for the half-year ended December 2024, reflecting a 6% decline compared. Read more

• Riyad Capital tops Saudi ECM rankings with nearly $2bn deal value

Riyad Capital has emerged as the top-ranked financial institution in Saudi Arabia’s Equity Capital Markets (ECM) for 2024, with a credited deal value of. Read more

• Unity Foods cooks up Rs830m profit despite sales slump

Unity Foods Limited has posted a net profit of Rs830 million for the six months ended December 31, 2024. Read more

• Mari Energies strikes gas in North Waziristan

Mari Energies Limited has made a gas/condensate discovery at the Spinwam-1, exploration well, drilled in the Waziristan Block. Read more

• National Foods sees over 7% growth in half-year profit

National Foods Limited (PSX: NATF) posted a profit after tax of Rs1.61 billion for the half-year ended December 31. Read more

• PRL signs Tripartite MoU with SOCAR, PSO for refinery modernization

Pakistan Refinery Limited (PSX: PRL) has executed a Tripartite Memorandum of Understanding (MoU) with the State Oil Company of Azerbaijan Republic (SOCAR) and Pakistan State Oil Company Limited (PSO) in Baku, Azerbaijan. Read more

Copyright Mettis Link News