MG Morning Breeze: Updates to Skim before Market

November 08, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SECP proposes amendments to regulatory framework

The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the regulatory framework for insurance companies. Read more

• Govt sets Rs32,000 monthly minimum wage

The federal government has declared the minimum rate of wages at Rs32,000 per month, as per a notification issued by the finance division. Read more

• PKR on a losing streak

The Pakistani rupee (PKR) depreciated by 1.1 rupees against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 286.39 per USD. Read more

• PSX Closing Bell: All In

The benchmark KSE-100 index faced a minor correction on Tuesday after crossing the 54,000 mark for the first time ever during intraday trading. Read more

• Gold price dips slightly to settle at Rs214,000 per tola

Domestic bullion witnessed a relatively stable session on Tuesday as the price of 24-karat gold inched down by Rs200 per tola to settle at Rs214,000. Read more

• HCAR extends plant shutdown to November 9

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) has decided to further extend its plant shutdown from November 08 to November 09, 2023. Read more

• OGRA takes action against substandard LPG cylinder manufacturing

The Oil and Gas Regulatory Authority (OGRA)'s Enforcement Department recently executed a targeted operation in Gujranwala, successfully uncovering and sealing four illegal LPG Cylinder Manufacturing Facilities. Read more

• Hallmark Company backtracks on name change

The Board of Directors (BoD) of Hallmark Company Limited (PSX: HCL) has unanimously resolved that the previously approved decision to change the company's name is hereby rescinded. Read more

• SPL extends plant shutdown for another month

The management of Sitara Peroxide Limited (PSX: SPL) has decided to extend the suspension of plant operation for another 30 days. Read more

• PSX launches WhatsApp service for instant market info

The Pakistan Stock Exchange (PSX) has introduced a new 'PSX WhatsApp Service' to make available a whole host of information to capital market customers at their fingertips. Read more

• SIFC hosts Pakistan Investment Roadshow in Dubai

The Special Investment Facilitation Council (SIFC) is hosting the Pakistan Investment Roadshow in Dubai from November 05-07, with a singular focus on projecting the latent potential of Pakistan. Read more

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