December 08, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistani rupee (PKR) appreciated by 2.5 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 284.1189 per USD, compared to the previous session's closing of PKR 284.1439 per USD. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $236.8 million or 3.26% WoW to $7.02 billion during the week ended on December 01, 2023. Read more
The total money supply circulating within the economy till October 2023 has been recorded at Rs34.91 trillion, according to provisional accounts on Monetary Aggregates for the month. Read more
Pakistan stock market's benchmark index closed in green for another session and is on track to record its tenth consecutive weekly gain. Read more
Universal Network Systems Limited (PSX: GEMUNSL) has successfully utilized funds worth Rs445.71 million for development, expansion and working capital requirements. Read more
Tariq Glass Industries Limited (PSX: TGL) has acquired 50% or 57.55 million shares of MMM Holding (Private) Limited (MMM), a holding company of Balochistan Glass Limited (PSX: BGL) from Muhammad Tousif Peracha. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) has entered into an interim agreement with Sui Southern Gas Company Limited (PSX: SSGCL) for the supply of gas till February 29, 2024. Read more
Gold price in Pakistan witnessed an uptick on Thursday as the price of 24-karat gold increased by Rs800 per tola to settle at Rs218,900 per tola. Read more
In a significant development, the Pakistan Stock Exchange Limited (PSX) is set to conduct the auction for the sale of 1 year listed Government of Pakistan (GOP) for the very first time in history. Read more
To achieve the national objective of $100 billion in exports, the Ministry of Industries and Production conducted a meeting of the Industrial Advisory Council (IAC) to address critical issues and propose actionable strategies for the enhancement of the country's industrial sector. Read more
To enhance its appeal to potential buyers in the aviation industry, Pakistan International Airlines (PIACL) is set to undergo restructuring. Read more
Habib Sugar Mills Limited (PSX: HABSM) has issued a clarification notice to the local bourse today, affirming that the company is not aware of any material information that may have caused the increase in the trading volume of its shares. Read more
Options traders are loading up on bets that Bitcoin will surge to $50,000 by January when many market observers expect the SEC to finally allow exchange-traded funds to directly hold the cryptocurrency. Read more
Karandaaz Pakistan, a development finance firm is committed to supporting the enablement of an Open Banking ecosystem as it can directly help lower the barriers to accessing financial services and innovation. Read more.
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Posted on: 2023-12-08T06:00:00+05:00
