October 23, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The international spot gold experienced a strong rally, with prices surging by 9.4% or $170 over a mere 10 trading sessions, ultimately closing the week at $1980, which is above the key resistance level of $1974. Read more
The allegations surrounding private airlines raising fares amid Pakistan International Airlines (PIAC's) operational struggles are baseless, according to an investigation conducted by Mettis Link News on Friday. Read more
The domestic bullion saw significant gains this week as the price of 24-karat gold surged by Rs6,350 per tola to Rs208,350 amid rising global prices and a relatively weaker Pakistani Rupee (PKR). Read more
PTCL Group has appointed Mohamed Essa Al Taheri has been appointed as the acting President and CEO of U Microfinance Bank. Read more
The Pakistani rupee (PKR) depreciated by 1.18 rupees against the US dollar this week and closed at PKR 278.8, compared to the previous week’s closing of PKR 277.62. Read more
The benchmark KSE-100 index concluded the week on a strong note, extending its rally by gaining an impressive 366.72 points or 0.73% DoD to close at 50,731.87. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 1.7% WoW during the week ended October 19, 2023, while the SPI increased by 35.45% YoY compared to the corresponding period from last year. Read more
Agritech Limited (PSX: AGL) has revealed its profit and loss statement for 9MCY23, as per which the company's loss further increased by 13.94% YoY to Rs2.76bn [LPS: 7.03]. Read more
The service sector of Pakistan posed a trade deficit of $216 million in September, reflecting a significant rise of 75.61% YoY. Read more
Pakistan State Oil Company Limited (PSX: PSO) reported a profit of Rs25.2 billion [EPS: Rs51.1] in 1QFY24, which is more than ten-fold when compared to a profit of Rs2.15bn [EPS: Rs3.72] in the same period last year (SPLY). Read more
The U.S.A. remained the top export destination for Pakistan with $441.46 million worth of shipments in September, however, it registered a fall of 17.44% YoY. Read more
The import bill of the petroleum group soared to $1.18 billion in September 2023, marking a decrease of 20.43% YoY compared to the import bill of $1.48bn recorded in September 2022. Read more
Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during September FY24, followed by Saudi Arabia, U. A. E. Dubai, and Qatar. Read more
Copyright Mettis Link News
Posted on: 2023-10-23T06:00:00+05:00
