MG Morning Breeze: Updates to Skim before Market
MG News | January 09, 2024 at 06:00 AM GMT+05:00
January 09, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
After sixteen consecutive trading sessions of upper caps, the Pakistan Stock Exchange (PSX) has finally asked Treet Battery Limited (PSX: TBL) to disclose material facts known to the company that have contributed to the unusual spike in its share price. Read more
Government borrowings from banks are following a troubling upward trend, pushing the country deeper into the debt tunnel and casting shadows over its poised positive economic outlook. Read more
Domestic bullion started the week on a negative note, as the price of 24-karat gold in Pakistan dropped by Rs1,900 per tola to Rs216,100. Read more
The benchmark KSE-100 index opened the week on a positive note and hit its intraday high of 65,069 after gaining 554 points. Read more
The share price of Engro Corporation (PSX: ENGRO) is expected to reach Rs490 by the end of December 2024, marking a potential upside of 57%. Read more
The Pakistani rupee (PKR) appreciated by 11.49 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 281.28 per USD, compared to the previous session's closing of PKR 281.4 per USD. Read more
The Board of Directors (BoD) of BRR Guardian Limited (BRRG) has approved to participate in the bid for acquiring the 100% shares of Awwal Modaraba Management Limited. Read more
The steel rebar prices in the country have surged by up to Rs3,000 per ton owing to supply chain disruptions amid Red Sea crisis coupled with a domestic rise in utility prices. Read more
Pakistan's major airports have begun testing about 2% of passengers on inbound international flights amid a surge in global Covid-19 cases. Read more
The Federal Board of Revenue (FBR) generated a demand of Rs47.8 billion in audit cases related to income tax and sales tax but managed to recover only Rs529 million in FY23. Read more
ACE Money Transfer and Habib Metropolitan Bank Limited (PSX: HMB) have joined forces to offer a secure and convenient solution for online money transfers to Pakistan. Read more
The Pakistan Stock Exchange Limited has carried out the Re-composition exercise of the Meezan Pakistan Index (MZNPI) Companies as of December 22, 2023, by the relevant index rules. Read more
The total deposits held by scheduled banks have moved up by 23.2% YoY to Rs27.68 trillion in December 2023 compared to Rs22.47tr in December 2022. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,850.00 | 119,275.00 117,905.00 | 1230.00 1.05% |
| BRENT CRUDE | 72.42 | 72.82 72.34 | -0.82 -1.12% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.04 | 70.41 69.97 | 0.04 0.06% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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