October 31, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 22. Read more
The Pakistani rupee (PKR) depreciated by 37.58 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 280.95 per USD. Read more
Domestic bullion started the week lower as the price of 24-karat gold fell by Rs1,200 per tola to settle at Rs212,100. Read more
The caretaker federal government decided to revise the gas tariff for captive power producers with effect from November 01, 2023. Read more
The Supreme Court has extended the tax relief provision under section 7E to defer 50% of tax liability, offering taxpayers a reprieve amid pending petitions. Read more
Bulls started the week by continuing their domination in the local stock market, with the benchmark KSE-100 index surging by 539.09 points or 1.06% to close the day at 51,482.92. Read more
Gul Ahmed Textile Mills Limited (PSX: GATM) has received an invitation to submit a non-binding offer from the financial advisor of a potential seller to acquire up to 100% equity stake in a public limited company which owns and operates a 49.5MW wind power project in the province of Sindh. Read more
Roshan Packages Limited (PSX: RPL) recorded an increase of 96.45% YoY in its profitability, clocking in its profit after tax at Rs63.64 million [EPS: Rs0.45]. Read more
Pakistan Petroleum Limited (PSX: PPL) 's profitability rose by 13.03% YoY, clocking in its profit after tax at Rs29.76 billion [EPS: 10.94]. Read more
Pakistan State Oil (PSO) has supplied fuel for twenty-two flights operated by Pakistan International Airlines Corporation (PIAC) on Monday. Read more
The Board of Directors of The Bank of Punjab (PSX: BOP) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs2.5 billion. Read more
The profit after tax of the Organic Meat Company Limited (PSX: TOMCL) for 1QFY24 clocked in at Rs51.92 million [EPS: Rs0.38]. Read more
Xiaomi, a leading consumer electronics and smartphone manufacturer in the world, has decided to partner with Air Link Communication Limited (AIRLINK) to produce Xiaomi Smart TVs. Read more
Thatta Cement Company Limited (PSX: THCCL) revealed its earnings for the first quarter of FY24, wherein the profit after tax clocked in at Rs144.39 million [EPS: Rs1.36]. Read more
AKD Group Holdings (Private) Limited has withdrawn the investor's public announcement of intention to acquire at least 51% shareholding and control of EFG Hermes Pakistan Limited. Read more
D.G. Khan Cement Company Limited (PSX: DGKC) experienced a rise of 56.29% YoY in its profitability in the first quarter of FY24, clocking in its profit after tax at Rs725.08 million [EPS: Rs1.59]. Read more
In 9MCY23, the Bank of Punjab (PSX: BOP)’s profit after tax went down by 21.29% YoY to Rs5.97 billion [EPS: Rs1.78]. Read more
SBP issued the no-objection certificate to Habib Metropolitan Bank Limited (PSX: HMB) for establishing an exchange company in the name of Habib Metro Exchange Services Limited. Read more
The management of Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has decided to extend the suspension of its Plant operations till 12 November 2023 due to lower downstream demand. Read more
TRG Pakistan Limited (PSX: TRG) reported a loss of Rs8.54 billion [LPS: Rs15.66] in the first quarter of FY24, as compared to a profit of Rs11.53bn [EPS: Rs10.73] in 1QFY23. Read more
Lucky Cement Limited (PSX: LUCK) received the green light from its Board of Directors (BoD) pertaining to diversifying its portfolio. Read more
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Posted on: 2023-10-31T07:33:19+05:00
