MG Morning Breeze: Updates to Skim before Market
MG News | March 09, 2026 at 08:21 AM GMT+05:00
March 09, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The escalation of conflict involving Iran has triggered significant volatility in global energy markets after military strikes and retaliatory actions effectively disrupted shipping through the Strait of Hormuz, one of the world’s most critical energy chokepoints. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
The Government of Khyber Pakhtunkhwa’s Finance Department has issued an urgent notification directing all subordinate offices to implement immediate fuel conservation measures. Read more
Pakistan’s government has explained recent fuel price adjustments, linking them to a sharp surge in international oil benchmarks and the need to ensure stable energy supplies while protecting the country’s economic stability. Read more
The Government of Pakistan, through the Ministry of Energy’s Petroleum Division and the Oil and Gas Regulatory Authority (OGRA), has implemented a new pricing and levy structure effective from March 07, 2026. Read more
In a significant administrative development, the Government of Khyber Pakhtunkhwa has officially granted the status of Provincial Minister to Mr. Muzzammil Aslam. Read more
The Government of Sindh has amended the Motor Vehicles (Amendment) Act, 2026, which makes third-party liability insurance compulsory for all vehicles registered in the province, aiming to enhance financial protection for road accident victims. Read more
Fuel prices in Pakistan are determined based on the average Platts benchmark prices of petrol and diesel during the pricing period, along with exchange rate adjustments not the cost of a specific shipment purchased weeks earlier. Read more
China has lowered its economic sights for 2026, which signals a major pivot from rapid expansion to structural health. Read more
Jazz International Holding Limited, the UAE-incorporated subsidiary of VEON and operator of Jazz in Pakistan, has signed an agreement to acquire a controlling stake in TPL Insurance Limited for approximately Rs4.15 billion. Read more
BlackRock has restricted investor withdrawals from one of its largest private credit vehicles after redemption requests surged, which growing unease among investors about the rapidly expanding private lending market. Read more
Pakistan’s equity market remained under heavy selling pressure during the outgoing week, as the benchmark KSE-100 Index closed at 157,496.10, compared to 168,062.17 recorded on February 27, 2026. Read more
The federal government has increased the prices of petrol and high-speed diesel by Rs55 per litre, taking the price of petrol to Rs321.17 per litre from Rs266.17, while the price of high-speed diesel (HSD) has risen to Rs335.86 per litre from Rs280.86, effective from midnight, March 07, 2026 amid a sharp surge in global oil prices. Read more
Hum Network Limited (PSX: HUMNL) rejected media and social media reports linking it to alleged money laundering, calling the claims baseless. Read more
The Pakistani rupee (PKR) strengthened marginally against the US dollar during Friday’s interbank session, gaining 0.97 paisa to settle at PKR 279.40 per USD, slightly higher than the previous closing of PKR 279.41. Read more
Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs533,762 per tola, down Rs3,400. Read more
The Bank of Khyber (PSX: BOK) reported a robust 60.87% increase in net profit to Rs5.82bn for the year ended December 31, 2025, up from Rs3.62bn in CY24. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs1.9trillion into the market, of which Rs1.52tr were injected through reverse repo OMO. Read more
After Thursday’s sharp rally, the Pakistan Stock Exchange (PSX) retreated on Friday as geopolitical risks and profit-taking weighed on investor sentiment. Read more
TPL Insurance Limited's (PSX:TPLI) acquisition timeline has been extended by ninety days, pushing the deadline for Jazz International Holding Limited's Public Announcement of Offer to June 05, 2026. Read more
The world is standing on the edge of an economic precipice, watching a conflict that has transformed the global landscape in just six days. Read more
Sazgar Engineering Works Limited (PSX: SAZEW) recorded production and sales of both four-wheelers and three-wheelers for February 2026, showing a mixed performance compared to the previous month. Read more
Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), increased by 0.37% for the week ended March 05, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more
Pakistan Aluminium Beverage Cans Limited (PSX: PABC) has concluded the acquisition of 60% of the units of Alfalah Agri-Cultivation Fund – I from Liberty Mills Limited. Read more
Aviation disruption across the Middle East following attacks by Israel and the United States on Iran on February 28, and Iran’s subsequent strikes on countries in the region, will play a key role in determining the impact on sectors including airlines, airports, lodging, insurance and aircraft lessors, according to Fitch Ratings. Read more
Pakistan has witnessed a notable rise in new company registrations which signals growing economic momentum. In February alone, 3,444 new companies were registered, bringing the total number of registered companies in the country to 287,049, according to the Securities and Exchange Commission of Pakistan (SECP). Read more
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) has scheduled a temporary shutdown of its production plant from March 9 to March 19, 2026, according to a notice submitted to the Pakistan Stock Exchange. Read more
After yesterday’s optimism-driven rally, the Pakistan Stock Exchange (PSX) opened Friday’s session on a weaker footing as early profit-taking emerged across key sectors. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved the voluntary de-registration of LSE Capital Limited as a Modaraba Management Company. Read more
President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded, according to a statement shared by the U.S. Treasury Secretary. Read more
The Middle East is at a critical economic crossroads as the conflict between the US/Israel and Iran intensifies, forcing the Gulf Cooperation Council (GCC) into a complex financial paradox. Read more
The Government of Pakistan has transferred and posted Hamed Yaqoob Sheikh, a BS-22 officer of the Pakistan Administrative Service, as Secretary of the Petroleum Division with immediate effect. Read more
Asian markets traded mixed on Friday as rising geopolitical tensions in the Middle East pushed energy prices higher and investors reacted to overnight declines on Wall Street. Read more
The government is preparing contingency measures to safeguard Pakistan’s energy supply chain amid potential disruptions linked to the evolving regional situation. Read more
Pakistan has sufficient petroleum reserves and there is currently no immediate threat of fuel shortages despite the emerging regional situation and uncertainty in global energy markets. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 145,158.60 73.86M | -7.83% -12337.50 |
| ALLSHR | 87,771.98 117.83M | -6.85% -6455.02 |
| KSE30 | 44,415.49 30.27M | -8.10% -3914.71 |
| KMI30 | 205,188.55 27.21M | -8.68% -19498.78 |
| KMIALLSHR | 56,396.55 76.26M | -7.30% -4442.55 |
| BKTi | 42,312.90 9.94M | -6.98% -3177.06 |
| OGTi | 29,870.19 3.62M | -6.90% -2213.28 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 67,350.00 | 67,795.00 65,685.00 | -945.00 -1.38% |
| BRENT CRUDE | 115.20 | 119.50 99.00 | 22.51 24.29% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -11.85 -10.65% |
| ROTTERDAM COAL MONTHLY | 127.00 | 129.00 123.00 | 3.55 2.88% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 113.27 | 119.48 98.00 | 22.37 24.61% |
| SUGAR #11 WORLD | 14.09 | 14.17 13.69 | 0.37 2.70% |
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