MG Morning Breeze: Updates to Skim before Market

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MG News | December 15, 2023 at 05:28 AM GMT+05:00

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December 15, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $20.6 million or 0.29% WoW to $7.04 billion during the week ended on December 08, 2023. Read more

The Pakistani rupee (PKR) appreciated by 10.02 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 283.51 per USD, compared to the previous session's closing of PKR 283.61 per USD. Read more

The benchmark KSE-100 index opened Thursday’s session on a negative note, extending its downslide to retest yesterday’s lows of around 64,400, however, buyers stepped in and successfully defended this level once again. Read more

Pakistan stands among the biggest gainers in the Asian region this year as improving macroeconomic conditions bode well for earnings. Read more

Treet Battery Limited (TBL) is all set to be listed on the Pakistan Stock Exchange Limited (PSX) with effect from tomorrow i.e. Friday, December 15, 2023, at the opening price of Rs10 per share. Read more

To successfully adopt International Financial Reporting Standards and Risk-Based Capital Regime, specific efforts need to be directed towards achieving synergies post-implementation of IFRS-17. Read more

Gold prices in Pakistan witnessed a robust rebound on Thursday, eliminating almost all losses from the past five sessions, driven by a notable upswing in international markets. Read more

The Board of Directors (BoD) of Service Industries Limited (PSX: SRVI) has decided to demerge and transfer the Tyres & Tubes segment of the company along with its manufacturing facilities to a wholly owned subsidiary. Read more

The Searle Company Limited (PSX: SEARL) has received approval from the Drug Regulatory Authority of Pakistan (DRAP) for ADALIMUMAB, a biosimilar drug developed in collaboration with BioRay Biopharmaceuticals Co. Limited, China. Read more

In a recent development for Pakistan’s power sector, the Private Power and Infrastructure Board (PPIB) has announced the successful financial closing for the country’s largest Thar coal-fired power project by Shanghai Electric Corporation. Read more

The private sector should leverage technology to digitalize distribution channels to tap the huge business potential in the areas of crop insurance, health insurance, and disaster risk insurance. Read more

Pakistan Telecommunication Company Limited (PSX: PTCL) has entered into a Share Purchase Agreement (SPA) with the shareholders of Telenor Pakistan (Private) Limited (TPL) for the acquisition of 100% of TPL's shares, based on an Enterprise Value of Rs108 billion. Read more

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299.28M
1.68%
2285.53
ALLSHR 85,699.50
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1.24%
1051.15
KSE30 42,353.14
103.20M
1.94%
806.91
KMI30 195,182.04
107.99M
1.81%
3462.27
KMIALLSHR 56,389.15
437.73M
1.01%
561.42
BKTi 38,422.98
17.31M
1.57%
595.37
OGTi 27,718.26
13.25M
0.17%
47.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,070.00 119,915.00
117,720.00
-560.00
-0.47%
BRENT CRUDE 69.30 69.42
68.27
0.78
1.14%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 105.00 105.00
105.00
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-0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.40 67.54
66.29
1.02
1.54%
SUGAR #11 WORLD 16.75 16.88
16.54
0.19
1.15%

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