MG Morning Breeze: Updates to Skim before Market

March 03, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan’s short-term FX liabilities nears $32bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $31.72bn, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more

• Hot money bolts PSX with $4.4m exit

Selling pressure intensified across trading floors as investors rushed to cut exposure, offloading shares amid escalating war fears and mounting uncertainty. Read more

• QatarEnergy halts LNG production

QatarEnergy has stopped production of liquefied natural gas (LNG) after drone attacks struck its key operating facilities, further escalating tensions in the Gulf and jolting global energy markets. Read more

• Pakistan begins daily fuel stock monitoring amid strait risks

Pakistan will begin daily reviews of petroleum stocks and global oil price movements after a high-level cabinet committee moved to tighten oversight of the country’s energy supply chain. Read more

• Trade deficit widens 8% in February, exports slump

Pakistan’s trade deficit widened by 8.4% month-on-month (MoM) to $2.98 billion in February 2026, compared to $2.75bn in January 2026, as exports declined sharply during the month. Read more

• HBL Pakistan’s Manufacturing PMI hits 53.6 in Feb

Pakistan’s manufacturing activity strengthened in February, as reflected by a notable rise in the HBL Pakistan Manufacturing PMI to 53.6 from 51.8 in the previous month which marks its strongest performance in a year. Read more

• PKR gains marginally in interbank trade

The Pakistani rupee (PKR) posted a marginal gain against the US dollar in Monday’s interbank trading, edging up by 1.08 paisa to close at 279.46 per USD, compared with the previous session’s 279.47. Read more

• PSX Closing Bell: Bloodbath on the Bourse

The KSE-100 Index witnessed a historic collapse on Monday, as intensifying geopolitical tensions and deepening uncertainty triggered panic selling across the board, pushing the market into crisis territory. Read more

• Gold price in Pakistan rises Rs13,300 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs563,862 per tola, up Rs13,300. Read more

• February inflation rises by 7%

Pakistan's headline Consumer Price Index (CPI) inflation increased to 7% year-on-year (YoY) in February 2026, up from 5.8% in January 2026, the Pakistan Bureau of Statistics (PBS) reported today. Read more

• Aramco’s Ras Tanura refinery temporarily closed after attack

Saudi Aramco has temporarily shut its Ras Tanura refinery after a drone strike reportedly launched by Houthis set part of the facility on fire, an industry source confirmed today. Read more

• STL profit jumps 2.4x in 1HFY26

Supernet Technologies Limited (PSX: STL) reported a massive 2.4 times surge in net profit to Rs70.60m for the half-year ended December 31, 2025, compared to Rs29.29m in the same period last year. Read more

• TPL H1 loss shrinks 27%

TPL Corp Limited (PSX:TPL) posted a net loss of Rs468.63 million for the half-year ended December 31, 2025, marking a 27% decrease compared to the Rs616.94m loss reported in the same period last year. Read more

• EFERT CEO Ali Rathore resigns

Engro Fertilizers Limited (PSX:EFERT) is undergoing a leadership transition following the resignation of its Chief Executive Officer, Mr. Ali Rathore. Read more

• PSX Intra Day: Recovery Mode Engaged

The KSE-100 Index has shown a partial recovery following Monday morning’s trading halt at the Pakistan Stock Exchange, which was triggered after the KSE-30 Index plunged 5% amid panic selling and heightened geopolitical tensions, including concerns over the ongoing US-Iran conflict. Read more

• PAKOXY CY2025 profit more than doubles

Pakistan Oxygen Limited (PSX: PAKOXY) posted a strong net profit of Rs1.67 billion for the year ended December 31, 2025, more than doubling from Rs711.76 million in the same period last year. Read more

• Oilboy Energy swings to profit in 1HFY26

Oilboy Energy Limited (PSX:OBOY) reported a successful turnaround for the half year ended December 31, 2025, posting a net profit of Rs733,700. Read more

• KSE-100 teeters on the edge

The scenes currently unfolding at the Pakistan Stock Exchange (PSX) are not merely a market correction; they are a visceral reaction to a world that feels as though it is coming apart at the seams. Read more

• Gulf markets grounded, regional conflict triggers halts

Major stock exchanges across the Gulf have suspended trading following a dramatic escalation in tensions after a US military strike on Iran. Read more

• Pakistan holds kick-off meeting with IMF Mission

Pakistan kicked off formal discussions with a visiting International Monetary Fund (IMF) mission, signalling a critical juncture in the country’s IMF-supported economic program. Read more

• PSX Triggers Market Halt Amid 9% Plunge

The Pakistan Stock Exchange (PSX) has temporarily halted all equity trading following a sharp 5% drop in the KSE-30 Index from the previous session’s close. Read more

• Gold up on heightened geopolitical uncertainty

Gold prices climbed sharply on Monday as escalating tensions in the Middle East fueled a rush into safe-haven assets. Read more

• Crude oil rockets higher amid Middle East war fears

Global oil prices surged sharply after escalating military tensions between the United States and Iran rattled energy markets, fueling fears of a significant supply disruption in the Middle East. Read more

• FBR records Rs457bn revenue shortfall in 8MFY26

Federal Board of Revenue (FBR) recorded a revenue shortfall of Rs457bn during the first eight months of the current fiscal year (July–February), missing its collection target despite posting over 11% growth compared to the same period last year. Read more

• War Premium: A Tactical Re-Entry Window

When headlines scream conflict and oil tankers drop anchor in the Strait of Hormuz, markets react first and analyze later. Read more

• Asian markets dip amid middle east tensions

Asian markets opened the week on a weaker note Monday as escalating geopolitical tensions in the Middle East rattled markets, triggering sharp declines in airline stocks while energy shares advanced on surging oil prices. Read more

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