October 30, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The headline inflation for October 2023 is anticipated to settle at around 26.4-26.5% YoY and 0.7% MoM. Read more
The Pakistani rupee (PKR) depreciated by 1.78 rupees against the US dollar this week and settled the trade at PKR 280.57, compared to the previous week's closing of PKR 278.8 per USD. Read more
Domestic bullion witnessed a remarkable surge this week as the price of 24-karat gold soared by Rs4,950 per tola to settle at Rs213,300. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.33% WoW during the week ended October 26, 2023. Read more
The local equities market remained subdued today as investors awaited key developments unfolding next week. Read more
Amidst Pakistan International Airlines Corporation's (PIAC) operational challenges, private airlines have formed a cartel, with fares for a single flight ranging from 38,000 to 43,000. Read more
The initiative of establishing a local Renminbi (RMB) clearing system will yield long-term benefits to the China-Pakistan relationship in general, and Pakistan’s economy and banking system in particular. Read more
The State Bank of Pakistan (SBP) issued the no-objection certificate to Allied Bank Limited (PSX: ABL) on Friday for establishing an exchange company in the name of ABL Exchange Company (Private) Limited. Read more
The Board of Directors of Askari Bank Limited (PSX: AKBL) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs1 billion. Read more
Summit Bank Limited (PSX: SMBL)’s net loss soared by 88.08% to Rs3.79 billion [LPS: Rs0.77] in 9MCY23 compared to Rs2.01bn [LPS: Rs0.76] loss recorded in the same period last year (SPLY). Read more
Mughal Iron and Steel Industries Limited (PSX: MUGHAL)’s profit after tax fell by around 41% YoY to Rs515.06m [EPS: 1.53] in 3QCY23. Read more
The profitability of Searle Company Limited (PSX: SEARL) fell significantly by 52.76% YoY in the 3QCY23. Read more
The loss after tax of Amreli Steels Ltd. (PSX: ASTL) clocked in at 172.78m (LPS: Rs0.58), compared to a profit of Rs204.06m (EPS: Rs0.69) in SPLY. Read more
Lalpir Power Limited (PSX: LPL) witnessed a significant hike in profitability by 98.26% YoY, clocking in its profit after tax at Rs3.25 billion [EPS: 8.56]. Read more
Towellers Limited (PSX: TOWL) recorded a decline of 32.91% YoY in its profitability, clocking in its profit after tax at Rs503.99 million [EPS: Rs29.65] in 1QFY24. Read more
Askari Bank Limited (PSX: AKBL)’s profit after tax clocked in at Rs14.59 billion [EPS: Rs10.06] in 9MCY23. Read more
Maple Leaf Cement Factory Limited (PSX: MLCF) experienced a rise of 18% YoY in its profits in the first quarter of FY24, earning a profit after tax of Rs1.63 billion [EPS: Rs1.52]. Read more
Indus Motor Company Limited (PSX: INDU) recorded an increase of around 2.5x YoY in its profitability in the first quarter of FY24, clocking in its profit after tax at Rs3.22 billion [EPS: Rs40.91]. Read more
Systems Limited (PSX: SYS) reported its profit and loss statement for the nine months of 2023, wherein the profit after tax clocked in at Rs7.15 billion [EPS: Rs24.57]. Read more
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Posted on: 2023-10-30T06:01:00+05:00
