MG Morning Breeze: Updates to Skim before Market

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February 26, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.PSX reports compliance update for KSTMThe Pakistan Stock Exchange (PSX) has declared the rectification of non-compliance by Khalid. Read morePakistan needs deeper financial reforms: SBP GovernorThe Governor of the State reiterated the need to significantly increase financial deepening in Pakistan. Read moreUrgent call to cut electricity tariffs to Rs26/kWh by Ahmed ChinoyPakistan’s economic stability is under severe threat as high electricity tariffs continue to cripple. Read moreCCP, Yango meet to explore ride-hailing, delivery servicesTo explore Yango’s ride-hailing, delivery, and other digital platform services in Pakistan, the Competition Commission of Pakistan (CCP). Read moreKEZAD & Bisconni sign 50-year lease for Abu Dhabi factoryKhalifa Economic Zones Abu Dhabi – KEZAD Group, the leading operator of integrated and purpose-built economic zones. Read moreGovt borrows Rs65bn debt in a weekThe government of Pakistan has acquired an additional debt of Rs65.29 billion during the week ended February 14, 2025. Read moreM2 falls by Rs174bn in a weekBroad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs174.27 billion. Read moreSaudi Riyal to PKR exchange rateThe exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR) in today’s. Read moreMatco Foods nearly triples net profit to Rs238mn in H1FY25Matco Foods Limited (PSX: MFL) has reported a significant 182% increase in net profit for the half-year ended December 31, 2024, reaching Rs238 million. Read moreNEPRA approves inclusion of KAPCO plant in Power Acquisition Plan 2023-27The National Electric Power Regulatory Authority (NEPRA) has approved the inclusion of the Kot Addu Power Company Limited’s (KAPCO) power plant in the Power. Read moreIPAK’s profits take a nosedive, down 62% YoYInternational Packaging Films Limited (PSX: IPAK) has reported a significant decline of 62.26% YoY in its profit after tax. Read moreGold price in Pakistan falls Rs800 per tolaGold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs308,700 per tola, down Rs800. Read moreKAPCO reports 20% decline in 1HFY25 net profit to Rs2bnKot Addu Power Company Limited (KAPCO) has reported a 20% decline in net profit for the half-year ended December 31, 2024, with earnings amounting to Rs2. Read morePSX Closing Bell: TubthumpingThe benchmark KSE-100 Index concluded Tuesday’s trading session at 114,528.08, showing an increase of 197.98 points or 0.17%. Read morePKR hits 52-week low, closes at 279.67/USDThe Pakistani rupee (PKR) remained relatively flat against the US dollar in Tuesday’s interbank. Read moreTreet Battery powers up, cutting net losses by 38% to Rs174mnTreet Battery Limited (TBL) has reported a reduced net loss of Rs174 million for the half-year ended December 31, 2024, marking a 38% improvement compared to. Read moreAtlas Battery’s profits run out of charge, drop 39%Atlas Battery Limited (PSX: ATBA) reported a 39.5% decline in net profit to Rs165.41 million [EPS: Rs4.72] for the half-year ended December. Read moreFCCL lays a strong foundation with 38% profit growthFauji Cement Company Limited (PSX: FCCL) posted a net profit of Rs7.27 billion [EPS: Rs2.96] for the six-month period ended December 31. Read moreGhani Glass feels the heat as profits melt by 15%Ghani Glass Limited (PSX: GHGL) has reported a 15% decrease in its net profit for the half-year ended December 31, 2024, with earnings after taxation standing. Read moreMughal Steel’s profits take a hit, down 86% YoYMughal Iron and Steel Industries Limited (PSX: MUGHAL) has reported a profit of Rs186.04 million [EPS: Rs0.56] for the six-month. Read morePSX, Baku Stock Exchange ink deal to fuel cross-border market growthPakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU). Read moreGVGL’s profits remain unbreakable, rising to Rs530mnGhani Value Glass Limited (GVGL) has reported a profit of Rs530 million for the half-year ended December 31, 2024, reflecting a nearly 11% increase from. Read moreTOWL couldn’t soak up losses as profits slashed by two-thirdsTowellers Limited (TOWL) has reported a sharp decline in its profitability for the half-year ended December 31, 2024. The company’s profit for the period. Read moreEuropean car sales drop 2% in January despite EV surgeNew car sales in Europe were down by 2.1% in January, as a jump in fully electric and hybrid-electric car registrations in its main markets was not enough to. Read moreOGDC discovers gas, condensate at Spinwam-1 well in North WaziristanOil & Gas Development Company Limited (PSX: OGDC) has discovered gas/condensate at the Spinwam-1 exploratory well, drilled in the Waziristan block, located. Read moreHong Kong budget aims to curb deficit amid economic challengesHong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to. Read moreRomina Khurshid urges OIC member states to prioritize water securityMember states of the Organization of Islamic Cooperation (OIC) have been urged to prioritize water security in their climate action strategies, enhance. Read moreOil prices rise as U.S. sanctions on Iran stoke supply concernsOil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as. Read moreGold hits record high amid tariff concerns, strong ETF inflowsGold prices surged to a record high on Monday, driven by safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans, with additional. Read moreKSE-100 soars 1,500+ pointsAmid optimism on the economic front and strong earnings reports, the benchmark KSE-100 Index gained 1,502.69 points. Read moreGul Ahmed’s profits take a stitch in time, dropping 6%Gul Ahmed Textile Mills Limited (PSX: GATM) has reported a net profit of Rs1 billion for the half-year ended December 2024, reflecting a 6% decline compared. Read moreRiyad Capital tops Saudi ECM rankings with nearly $2bn deal valueRiyad Capital has emerged as the top-ranked financial institution in Saudi Arabia’s Equity Capital Markets (ECM) for 2024, with a credited deal value of. Read moreUnity Foods cooks up Rs830m profit despite sales slumpUnity Foods Limited has posted a net profit of Rs830 million for the six months ended December 31, 2024. Read moreMari Energies strikes gas in North WaziristanMari Energies Limited has made a gas/condensate discovery at the Spinwam-1, exploration well, drilled in the Waziristan Block. Read moreNational Foods sees over 7% growth in half-year profitNational Foods Limited (PSX: NATF) posted a profit after tax of Rs1.61 billion for the half-year ended December 31. Read morePRL signs Tripartite MoU with SOCAR, PSO for refinery modernizationPakistan Refinery Limited (PSX: PRL) has executed a Tripartite Memorandum of Understanding (MoU) with the State Oil Company of Azerbaijan Republic (SOCAR) and Pakistan State Oil Company Limited (PSO) in Baku, Azerbaijan. Read moreCopyright Mettis Link NewsPosted on: 2025-02-26T06:00:00+05:00The post MG Morning Breeze: Updates to Skim before Market appeared first on Mettis Global Link.