December 26, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The benchmark index of the Pakistan Stock Exchange (PSX) faces a critical test this week as it approaches the candle closure for both the month and year. Read more
Gold prices in Pakistan increased this week as the price of 24-karat gold rose by Rs2,500 per tola and settled the week at Rs219,300. Read more
The government is expected to announce further relief for the consumers, with a probable reduction of Rs1.72 per litre in petrol prices for the upcoming fortnightly pricing update. Read more
The Pakistani rupee (PKR) appreciated by around 73 paisa against the US dollar this week and settled at PKR 282.53 per USD, compared to the previous session's closing of PKR 283.26 per USD. Read more
The State Bank of Pakistan (SBP) has rolled out a directive instructing the Exchange Companies Association of Pakistan (ECAP) to institute an inclusive mechanism for the calculation and publication of end-of-day open market exchange rates with effect from December 26, 2023. Read more
Domestic Bullion recorded substantial gains on Friday as the price of 24-karat gold surged by Rs1,800 per tola and settled the session at Rs219,800. Read more
Millat Tractors Limited (PSX: MTL) will suspend its production operations from Tuesday, December 26, 2023, to Friday, December 29, 2023. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.51% WoW during the week ended December 21, 2023, while the SPI rose by 42.6% YoY compared to the corresponding period from last year. Read more
Mari Petroleum Company Limited (PSX: MARI) is poised for substantial growth, with its share price expected to reach Rs3,000 by the end of December 2024, offering a notable upside of 44% from current levels. Read more
Avanceon’s shareholders on Friday resolved to transfer the entirety of 47.5 million ordinary shares of its wholly-owned subsidiary, Empiric AI (Private) Limited, representing 100% of its issued capital, to Octopus Digital Limited (PSX: OCTOPUS). Read more
TPL Properties Limited (PSX: TPLP) is poised for a significant value unlock as it advances toward the successful completion of its ambitious projects, One Hoshang and Mangrove. Read more
Regasified Liquefied Natural Gas (RLNG) prices for December 2023 surged by 9.76% and 10.09% for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) respectively. Read more
Following the authorization from the Economic Coordination Committee (ECC), Sui Southern Gas Company Limited (SSGC) has decided to blend indigenous gas and RLNG for both export and non-export consumers. Read more
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of TPL Trakker Limited (PSX: TPLT) at "A-" for long term and "A2" for short term with a stable outlook forecast. Read more
The State Bank of Pakistan (SBP) has successfully raised Rs115.01 billion through the sale of 3-year, and 5-year GOP Ijara Sukuk (GIS) Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR). Read more
Dandot Cement Company Limited (PSX: DNCC) has received a crucial certification from its Statutory Auditor, verifying the successful resumption of commercial activities and business operations. Read more
Copyright Mettis Link News
Posted on: 2023-12-26T05:15:00+05:00
