MG Morning Breeze: Updates to Skim before Market

March 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• PSX in February: Struggling for Footing

February saw the bulls take a backseat as the benchmark KSE-100 index lost 1,004.06 points in a sluggish. Read more

• Gold price in Pakistan rises Rs1,500 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs301,500 per tola, up Rs1,500. Read more

• CCP all set for groundbreaking of Its head office building

The Competition Commission of Pakistan (CCP) is set to mark a historic milestone with its groundbreaking ceremony. 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

• Trade deficit clocks in at $2.3bn in Feb’25

Pakistan’s trade deficit in February 2025 increased by 33.43%, standing at $2.3 billion compared to $1.7bn. Read more

• Inflation slows to 1.5% in February

Pakistan’s inflation slowed to 1.5% in February 2025, compared to 2.4% in the previous month. Read more

• Pakistan’s cotton arrivals drop by 34% to 5.5m bales in February

Cotton arrivals in Pakistan fell 34% to 5.5 million bales as of February 28, 2025, compared to 8.4m bales in the same period last year, as per the latest. Read more

• IFC, Pakistan collaborate on climate financing & sustainability

Pakistan is set to enhance its climate resilience through strengthened collaboration with the International Finance Corporation (IFC). Read more

• PSX Closing Bell: The Scientist

The benchmark KSE-100 Index concluded Monday’s trading session at 111,986.88, showing. Read more

• Euro rebounds on Ukraine peace talks, defense spending hopes

The euro rebounded from a 2-1/2-week low against the dollar on Monday as investors monitored a renewed. Read more

• Thailand removes $1.5m asset requirement for locals in casino plan

Thailand has dropped plans to limit casino access to citizens with assets of at least $1.5 million because it would exclude too many people, a deputy finance. Read more

• Trump’s 25% tariff plan poses threat to Central Europe’s growth: S&P

U.S. President Donald Trump’s proposal to impose 25% tariffs on imports from the European Union is. Read more

• Govt considers reviving RERA to ensure transparency in real estate

In response to growing concerns over fraudulent transactions, misreporting of property prices, and a lack of consumer protection. Read more

• Pakistan opens doors to foreign investors via SIFC

The Special Investment Facilitation Council is actively facilitating investments from various countries to. Read more

• Mixue IPO pops 43% as Hong Kong sees best start since 2021

Shares of China’s largest bubble tea and drinks chain Mixue Group jumped more than 43% on their first day of trading on the. Read more

• Spot gold prices climb amid weaker dollar, geopolitical tensions

Gold prices rose on Monday, helped by a weaker dollar, while a delay in finding peace in Ukraine and concerns over the U.S. tariff policy fuelled safe-haven. Read more

• Trump names 5 cryptos for U.S. reserve, prices surge

U.S. President Donald Trump on social media announced the names of five digital assets he expects to. Read more

• Engro Holdings’ profit jumps 17% to Rs43bn

Engro Holdings Limited (PSX: ENGROH) unveiled its consolidated profit and loss statement for the period ended December 31. Read more

• Agha Steel reports Rs4bn loss for H1FY25, nearly 18x higher YoY

Agha Steel Industries Limited (PSX: AGHA) has reported a net loss of Rs4 billion for the half-year ended December 31, 2024, a significant increase from the. Read more

• AGHA to boost market share with Mi. Da Rolling Mill, secures Rs385m insurance claim

The successful installation of the Mi. Da Rolling Mill is expected to increase both the market share and production yield of Agha Steel Industries Limited. Read more

• Chinese AI firm Zhipu AI gains fresh ¥1bn investment

Chinese artificial intelligence startup Zhipu AI has raised more than ¥1 billion ($137.22 million) in fresh. Read more

• Oil prices climb on strong China manufacturing data

Oil rose on Monday as upbeat manufacturing data from China, the world’s biggest crude importer, led to renewed optimism. Read more

• Pakistan’s short-term FX liabilities reach around $30bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan’s foreign currency assets are expected to see a. Read more

• NBP posts Rs26bn profit, Rs8 dividend

The National Bank of Pakistan (PSX: NBP) reported a significant decline in its profit after taxation for the year ended December 31, 2024, posting Rs26bn. Read more

• TRG Pakistan discloses arbitration setback for Zia Chishti

TRG Pakistan Limited (PSX: TRG) disclosed that a U.S. arbitrator has denied a motion filed by its former CEO, Mr. Zia Chishti. Read more

• WorldCall’s losses dial down by 32% in 2024

WorldCall Telecom Limited (PSX: WTL) saw its loss shrink by 32.3% in 2024, with the after-tax loss decreasing to. Read more

• Pak-Uzbek trade target set at $1bn: Uzbek envoy

Pakistan and Uzbekistan are committed to achieving a bilateral trade volume of $1 billion, according. Read more

• Bitcoin jumps 20% following Trump’s crypto reserve move

Bitcoin was trading up a fifth from last week’s lows on Monday and several other cryptocurrencies that U.S. President. Read more

• JSBL records profit of over Rs13bn, sees 29% growth

JS Bank Limited (PSX: JSBL) posted a consolidated profit of Rs13.36 billion for the year ended December 31, 2024, reflecting. Read more

• Asian shares see modest gains while bitcoin rallies

Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs. Read more

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