MG Morning Breeze: Updates to Skim before Market

April 08, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• ECC approves Rs54.5bn TSG for Danish Education Trust

The Economic Coordination Committee (ECC) of the Cabinet reviewed and approved a proposal from the Ministry of Federal Education and Professional Training for. Read more

• White House rejects “fake news” on 90-day tariff pause

The White House rejected reports labeling them as “fake news,” which suggested that U.S. President Donald Trump was contemplating a 90-day pause on tariffs. Read more

• Lucky Islamic Fund IPO set for April 9

Lucky Islamic Money Market Fund has declared the launch of its Initial Public Offering (IPO), scheduled for April 9, 2025. 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

• Goldman Sachs cuts 2026 oil price forecast to under $60

Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had. Read more

• Binance Founder Changpeng Zhao joins Pakistan Crypto Council as Strategic Advisor

Changpeng Zhao (CZ) — visionary founder of Binance and one of the most influential figures in Web3 — has officially been appointed as a Strategic Advisor to. Read more

• China boosts equity holdings to defend market stability

China intervened on Monday to support domestic stocks plunging on U.S. tariff woes, with a sovereign wealth fund increasing. Read more

• PKR falls 10 paisa per USD

The Pakistani Rupee (PKR) has reached its 52-week low today as the currency settled the trade at PKR 280.57 per USD. Read more

• PSX Closing Bell: Blood and Thunder

Panic gripped the trading floor of the Pakistan Stock Exchange following the international markets. Read more

• India stocks see worst day in 10 months amid tariff selloff

India’s stock benchmarks clocked their worst session in 10 months on Monday as a tariff-fueled selloff intensified and investors dumped riskier assets. Read more

• SECP proposes reforms to expedite issuance of bonus, right shares

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper seeking public feedback on proposed amendments to the existing. Read more

• SECP explores revival of Waqf for socio-economic development

The SECP has issued a concept paper exploring the revival and modernization of Waqf to align with contemporary socio-economic needs. Read more

• Trump’s tariff ‘Chart of Death’ has Wall Street facing harsh reality

The American investor class — that top 10% that owns almost all of the stocks — is quickly coming to terms with its new, much-diminished status in the era of. Read more

• TikTok sale stalled by China’s opposition to US tariffs: Trump

China’s objections to new US tariffs stalled a deal to sell off TikTok and keep it operating in the US. Read more

• Traders see five Fed rate cuts in 2025, with potential for an emergency move

Traders boosted their expectations for Federal Reserve interest rate cuts this year as the U.S. administration’s tariffs ignite fears of a global recession. Read more

• Money markets react to aggressive selloff, dollar demand soars

Money markets on Monday began showing signs of strain following an aggressive selloff engulfing global equities, sending. Read more

• KSE-100 sinks 8,687 points (-7.3%) in record crash after reopening

Following an earlier drop of over 6,000 points, the benchmark KSE-100 index sank by a staggering 8,687.69. Read more

• PSX to resume at 1:03pm

Due to a 5% decrease in the KSE-30 index from the previous trading day close of the index, a Market Halt has been triggered as per PSX Regulations and all equit Read more

• Hedge funds liquidate positions amid trade war market losses

Some hedge funds say they are offloading all or most of their holdings of stocks as U.S. President Donald Trump’s trade war. Read more

• Trump’s tariff storm breaks records at PSX

Marking one of the steepest declines in its history, the Pakistan Stock Exchange (PSX) experienced a seismic shock on Monday as the KSE-100. Read more

• PSX halted amid major selling pressure

In the backdrop of major selling pressure, the Pakistan Stock Exchange (PSX) has halted as the KSE30 index bled by 5%. Read more

• Spot gold prices drop to 3-week low amid market sell-off, recession fears

Gold prices fell on Monday to their lowest levels in more than three weeks, continuing their retreat amid a wider market sell-off, as investors dumped. Read more

• Heavy selloff at PSX, KSE-100 plummets 5,700 points

The KSE-100 index continued to feel the heat on Monday, plunging by 4,732.39 points, or 3.98%, in intraday trade. Read more

• Oil prices drop over 3% as trade tensions fuel recession fears

Oil prices slid more than 3% on Monday, extending last week’s losses, as escalating trade tensions between the United States. Read more

• Trump faces declining support as protests erupt over tariff policies

President Donald Trump’s approval rating has turned negative for the first time in a poll conducted by a Republican-leaning firm. Read more

• Warren Buffett adds around $13bn to fortune, net worth soars to $155bn

Legendary investor Warren Buffett has done it again, adding $12.7 billion to his net worth this year and pushing it to $155bn. Read more

• Goldman raises recession risk, brings forward Fed rate cut forecast

Goldman Sachs Group Inc. economists raised their recession probability assessment and brought forward the forecast timing of the next US Federal Reserve. Read more

• SLGL reports strong 70% profit growth for FY 2024

Secure Logistics Group Limited (PSX: SLGL) has posted its financial results for the year ended December 31, 2024, reporting. Read more

• Saif Power’s annual profit drops 60% in 2024

Saif Power Limited (PSX: SPWL) posted a net profit of Rs133.3 million for the year ended December 31, 2024, down 60.3% from Rs336.1m in the previous year. Read more

• PSX crashes 3,300 points on Trump tariff shock

Following a sharp selloff in international markets, the Pakistan equities also seen a dramatic fall as the benchmark KSE-100. Read more

• EU plans United response to U.S. tariffs

European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump’s tariffs. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more

• Samsung set to report 21% profit drop in Q1

Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales. Read more

• U.S. stock market loses nearly $11tr since Jan 17, ahead of Trump’s 2nd term

Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and. Read more

• Trump calls tariffs ‘medicine,’ sparks market turmoil

U.S. President Donald Trump said on Sunday foreign governments would have to pay “a lot of money” to lift sweeping tariffs that. Read more

• Engro Energy terminates Liberty Power asset deal over unmet conditions

Engro Energy Limited (EEL) has officially terminated its share purchase agreements (SPAs) with Liberty Power Holdings. Read more

• Markets dive across Asia amid Tariff standoff

Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping. Read more

• Digital assets dive amid Trump tariff shock

Cryptocurrencies plunged at the start of the week in Asia, with Bitcoin and Ether leading a broad-based selloff. Read more

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