October 17, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The country is bracing itself for an impending surge in gas prices of up to 100% on the back of a surging circular debt. Read more
The Pakistani rupee (PKR) started the week extending its upward trajectory, appreciating by 79 paisa against the US dollar in Monday’s interbank session to settle at PKR 276.83, compared to the previous day’s closing of PKR 277.62 per USD. Read more
Pakistan State Oil Company Limited (PSX: PSO) continues to recover its outstanding dues from Pakistan International Airlines (PIAC), with a payment of Rs100 million received today. Read more
Domestic bullion started the week on a lower note, with the price of 24-karat gold decreasing by Rs1,900 per tola to close at Rs200,100. Read more
Pakistan’s Large Scale Manufacturing Industries (LSMI) production increased by 8.44% MoM in August 2023 to stand at 117 compared to 107.89 in July 2023. Read more
The Pakistan Stock Exchange (PSX) started the week on a bullish note, with the benchmark KSE-100 index marking the day’s high of 49,919 (+426pts) within the first five minutes of the trading session. Read more
Indus Motor Company Limited (PSX: INDU) has decided to shut down its production plant from October 17 to November 17, 2023 (Both days inclusive). Read more
Soneri Bank Limited (PSX: SNBL) has revealed its financial statement today for the 9MCY23, as per which the bank posted a profit worth Rs4.14 billion [EPS: Rs3.76]. Read more
Pakistan State Oil Company Limited (PSX: PSO) has informed that at this point in time, no material development has taken place regarding the establishment of a Greenfield Refinery Project which requires PSO to inform PSX. Read more
Frieslandcampina Engro Foods Limited (PSX: FCEPL) saw a 10.75% YoY decline in profitability during the first nine months of the calendar year 2023. Read more
K-Electric Limited (PSX: KEL) is engaged with the National Electric Power Regulatory Authority (NEPRA) for a separate tariff determination, and due to the absence of approved tariff determinations, the financial statements for the quarter ending September 30, 2023, cannot be finalized. Read more
Pakistan International Container (PSX:PICT) embarked on a review of future business opportunities following the expiration of the concession agreement with Karachi Port Trust (KPT). Read more
The total deposits held by scheduled banks have moved up by 15.1% YoY to Rs26.273 trillion in September 2023 compared to Rs22.82 tr in September 2022. Read more
Prax Overseas Holdings Limited has publicly announced its intention to acquire up to 77.42% of the issued and paid-up share capital and control of Shell Pakistan Limited (PSX: SHEL). Read more
Total inflows into Roshan Digital Accounts (RDA) during September 2023 stood at $139 million, bringing the total cumulative inflows into RDA to $6.756 billion. Read more
Renowned Egyptian billionaire Naguib Sawiris is eyeing an investment in Barrick Gold Corp.’s $7 billion Reko Diq copper-gold project with the objective of strategic expansion in Pakistan. Read more
Copyright Mettis Link News
Posted on: 2023-10-17T06:00:00+05:00
