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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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December 01, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Pakistan Stock Exchange’s benchmark index closed the month of November at 60,531, gaining a staggering 8,611 points or 16.59% MoM. Read more

The management of the Oil & Gas Development Company Limited (PSX: OGDC) has painted a bright picture for its shareholders during yesterday’s corporate briefing session mainly on the back of their willingness to embrace high-return, high-risk projects. Read more

The caretaker federal government on Thursday decided to maintain the current petrol price of RsRs281.34 for the next fortnight. Read more

The Pakistani rupee (PKR) appreciated by around 22 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 285.17. Read more

The net buying of foreign investors in November 2023 was recorded at $34.5 million, the highest since January 2018. Read more

The Federal Board of Revenue (FBR) has successfully achieved the revenue collection target for the first five months of FY24. Read more

The Oil and Gas Regulatory Authority (OGRA) has increased the price of Liquefied Petroleum Gas (LPG) by Rs3.82 per kg. Read more

The State Bank of Pakistan (SBP) has successfully raised Rs167.275 billion through the sale of 1-year, 3-year, and 5-year GOP Ijara Sukuk (GIS) Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR). Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $77 million or 1.07% WoW to $7.26 billion during the week ended on November 24, 2023. Read more

Domestic bullion remained stable on Thursday, with the price of 24-karat gold remaining unchanged at Rs221,000 per tola. Read more

Mughal Iron & Steel Industries Limited (PSX: MUGHAL) has completed the acquisition of Mughal Energy Limited (MEL), marking a significant strategic move in the industry. Read more

The cement manufacturers in the northern region have increased the price of each bag of cement by up to Rs60, citing a surge in freight costs. Read more

Pakistan and Kuwait signed seven agreements and three Memorandums of Understanding (MoUs) on Wednesday with the aim of attracting multi-billion-dollar investments from the State of Kuwait across various sectors in Pakistan. Read more

Fauji Cement Company Limited (PSX: FCCL) has successfully commissioned its Greenfield Cement Manufacturing Plant today, having a production capacity of 6,500 tons per day. Read more

Pak Suzuki Motor Company Limited (PSX: PSMC)in collaboration with Meezan Bank Limited (PSX: MEBL) is introducing a limited-time Islamic financing offer without Riba that allows customers to save up to Rs650,000. Read more

Monitoring teams from Field formations of the FBR have been deployed to sugar mills across the country to curb tax evasion in the sugar industry. Read more

FBR collected Rs70.33 billion withholding tax on sales of immovable properties in FY23, which is a massive 4.4x YoY growth as compared to the previous year. Read more


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Posted on: 2023-12-01T07:31:40+05:00