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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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October 25, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Pakistani rupee (PKR) depreciated by 31 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 279.43 per USD. Read more

Regassified Liquefied Natural Gas (RLNG) prices for the month of October 2023 have been increased by 3.87% and 3.8% for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) respectively. Read more

Indus Motor Company Limited (PSX: INDU) has decided to pass on the forex benefit of PKR appreciation against USD to its customers. Read more

Following a period of continuous upward trajectory, the benchmark KSE-100 index faced some profit-taking pressure and lost around 446.44 points in early trading. Read more

Service Global Footwear Limited (PSX: SGF)’s profit rose by 72.04% YoY to Rs787.46m [EPS: 3.84] in 9MCY23. Read more

BankIslami Pakistan Limited (PSX: BIPL) posted a profit worth Rs8.46 billion [EPS: Rs7.63], depicting a surge of 2.96x YoY in 9MCY23. Read more

Unilever Pakistan Foods Limited (PSX: UPFL) reported a profit after tax of Rs7.47 billion [EPS: Rs1,173.27] in 9MCY23. Read more

Domestic bullion remained relatively stable on Tuesday as the price of 24-karat gold price inched down by Rs400 per tola to Rs209,200. Read more

GlaxoSmithKline (Pakistan) Limited (PSX: GLAXO)’s loss after tax clocked in at 391.62 million [LPS: Rs1.23] in 9MCY23. Read more

International Steels Limited (PSX: ISL) unveiled its profit and loss statement for 1QFY24, wherein the profit after tax clocked in at Rs1.12 billion [EPS: Rs2.57]. Read more

PAKGEN Power Limited (PSX: PKGP) 's profitability increased significantly by 2.73x YoY as its profit after tax for the 9MCY23 stood at Rs5.08bn [EPS: 13.66]. Read more

FNE Developments (Pvt.) Ltd, a wholly-owned subsidiary of First National Equities Limited (PSX: FNEL) has formally commenced commercial operations. Read more

The State Bank of Pakistan (SBP) has revealed its financial results for the fiscal year ended June 30, 2023 (FY23) as per which the central bank posted a profit of 1.143 trillion. Read more

The State Bank of Pakistan (SBP) has advised CMPECC (Pvt) Ltd to refund all its e-money customers within 15 days. Read more

Owing to the shortage of inventory level, Pak Suzuki Motor Company Limited (PSX: PSMC) has officially extended the shutdown of its automobile plant from October 30, 2023, to November 3, 2023. Read more

Engro Corporation Limited (PSX: ENGRO) delivered a strong financial performance, with a profit of Rs 43.87 billion [EPS: Rs41.56] for the first nine months of CY23. Read more

Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has made a significant turnaround in the third quarter of 2023, reporting a profit after tax of Rs5.3 billion. Read more

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Posted on: 2023-10-25T07:21:49+05:00