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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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December 06, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

International spot gold soared to a new record high of $2,135 but encountered strong resistance from sellers who pushed it back within the previous range. Read more

Domestic bullion witnessed a significant downturn on Tuesday as the price of 24-karat gold plunged by Rs4,200 per tola to Rs219,400 per tola. Read more

he Pakistani rupee (PKR) appreciated by over 15 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 284.38 per USD. Read more

The Pakistan Stock Exchange (PSX) benchmark index continued its bullish momentum today, gaining 463 points or 0.74% to close just below the 63,000 mark. Read more

The total government domestic debt and liabilities have risen by 23.44% YoY to Rs41.033 trillion in October 2023, compared to Rs33.24tr in October 2022. Read more

The total debt of the central government has increased by 24.45% YoY to Rs62.48 trillion in October 2023, compared to Rs50.21tr in October 2022. Read more

The import portion of the Plant and Machinery of the Ghani Chemical Industries Limited (PSX: GCIL)'s ASU plant for manufacturing Medical and industrial Gases has arrived, unloaded and customs cleared. Read more

The Finance Division has released Rs17.4 billion to the Election Commission of Pakistan in addition to Rs10bn released in July 2023 for the conduct of general elections in the country. Read more

Pakistan and the UAE could further enhance their cooperation in agriculture, energy, mining, IT, logistics, and defence. Read more

The government has released an amount of Rs19.35 billion for various power sector NTDC/PEPCO schemes under the annual Public Sector Development Program (PSDP) so far in the current fiscal year 2023-24. Read more

The Competition Commission of Pakistan (CCP) has authorized the proposed merger transaction of First UDL Modaraba (PSX: FUDLM) with and into UDL International Limited. Read more

Cement dispatches declined by 2.12% YoY in November 2023, as the total dispatches stood at 3.924 million tons against 4.009m tons dispatched during the same month of last fiscal year. Read more

The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to Dewan Automotive Engineering Limited (PSX: DWAE) due to its failure to rectify non-compliance with PSX regulations. Read more

The VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Fast Cables Limited (PSX: FCL) at ‘A-’ for long-term and ‘A-2’ for short-term with a stable future outlook. Read more

Cotton arrivals in Pakistan reached 7.75 million bales as of November 30, 2023, the latest data released by the Pakistan Cotton Ginners Association (PCGA) showed. Read more

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Posted on: 2023-12-06T07:17:58+05:00