January 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The attraction of quick gains in a bullish market often blinds investors to the deeper currents underneath the surface. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) surged for a second consecutive week, showing an increase of $464.1 million or 5.98% WoW to $8.22 billion during the week ended on December 29, 2023. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved the name change for Universal Network Systems Limited (PSX: GEMUNSL) to 'Blue-Ex Limited. Read more
After a range-bound session on Thursday, the Pakistan Stock Exchange (PSX) closed flat at 64,639.16, showing a marginal decline of 7.69 points or 0.01%. Read more
Khalid Siraj Textile Mills Limited (PSX: KSTM) continues to face a suspension of operations, citing the impracticality of operating with electricity rates around 19 cents, especially when competitors are utilizing energy at 7 cents. Read more
The Pakistani rupee (PKR) appreciated by 5.08 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 281.67 per USD, compared to the previous session's closing of PKR 281.72 per USD. Read more
Domestic bullion experienced another challenging session today as the price of 24-karat gold in Pakistan dropped by Rs1,800 per tola to Rs218,200. Read more
The Central Directorate of National Savings (CDNS) secured Rs50 billion in Islamic finance bonds at the end of the second quarter of the current fiscal year 2023–24. Read more
The headline inflation accelerated for the second straight month in December despite record borrowing costs, as International Monetary Fund-backed hikes in energy costs and a weak currency stoked price gains. Read more
The Special Investment Facilitation Council on Wednesday gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality. Read more
TikTok, owned by Beijing-based ByteDance, aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, posing a bigger threat to Amazon.com Inc. Read more
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Posted on: 2024-01-05T07:44:39+05:00
