MG Morning Breeze: Updates to Skim before Market
MG News | April 23, 2026 at 08:40 AM GMT+05:00
April 23, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Sui Northern Gas Pipelines Limited (PSX:SNGP) has secured a favorable decision from the Lahore High Court regarding a disputed tax demand linked to Cost Equalization Adjustment (CEA) expenditure, with the court ruling that the amount qualifies as "wholly and exclusively for the purpose of business." Read more
The Pakistani rupee (PKR) continued its remarkable upward streak against the US dollar on Wednesday, marking its 144th consecutive session of appreciation in the interbank market. Read more
International Steels Limited (PSX: ISL) reported a spectacular financial performance for the nine months ended March 31, 2026, with its net profit surging 2.53 times to Rs2.41bn compared to Rs951.31m in the corresponding period last year. Read more
Stocks at the Pakistan Stock Exchange closed lower on Wednesday, with the benchmark KSE-100 Index snapping its previous gaining streak as investor sentiment weakened amid uncertainty surrounding ongoing US-Iran diplomatic efforts. Read more
Loads Limited (PSX: LOADS) reported a massive 2.44-fold surge in its consolidated net profit for the nine months ended March 31, 2026, reaching Rs156.72m compared to Rs64.29m in the corresponding period last year. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) reported a remarkable financial turnaround for the first quarter ended March 31, 2026, swinging from a heavy net loss of Rs824.59m in the same period last year to a net profit of Rs370.84m. Read more
Sitara Petroleum Service Limited (SPSL) has unveiled plans for its Initial Public Offering (IPO), aiming to raise Rs4.8 billion to accelerate growth across its fuel retail network. Read more
Mari Energies Limited (PSX: MARI) reported a solid 7% increase in its consolidated net profit for the nine months ended March 31, 2026, reaching Rs49.71bn compared to Rs46.53bn in the corresponding period last year. Read more
Mari Energies Limited (PSX: MARI) has opted to hold back shareholder payouts, announcing no dividend, bonus, or right shares, while simultaneously approving over Rs10 billion in fresh investments. Read more
State Bank of Pakistan conducted Open Market Operation, Repo Sale (Mop-Up) today, in which it mopped up a total of Rs198 billion from the market. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved two more Initial Public Offerings. These include Sitara Petroleum Service Limited and LSE SPAC-I. Read more
Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs498,962 per tola, down Rs1,200. Read more
The Hub Power Company Limited (PSX: HUBC) reported a marginal 1% dip in its consolidated net profit for the nine months ended March 31, 2026, recording Rs37.75bn compared to Rs38.15bn in the corresponding period last year. Read more
Azerbaijan’s state energy firm SOCAR is prepared to supply liquefied natural gas (LNG) to Pakistan once it receives a formal purchase request. Read more
Oil prices inched down on Wednesday as doubts persisted over how the confrontation between the United States and Iran will unfold. Read more
U.S. President Donald Trump said he would extend a temporary ceasefire with Iran, citing a request from Pakistan’s leadership, as diplomatic efforts intensify to avert a broader conflict in the Gulf. Read more
The initial public offering (IPO) of Wahdat has drawn strong investor interest, with the book building phase oversubscribed by five times, signaling robust demand and market confidence. Read more
Attock Refinery Limited (PSX: ATRL) has shut down its main crude distillation unit after transport disruptions linked to security measures in Islamabad curtailed both crude inflows and fuel dispatches. Read more
Maple Leaf Cement Factory Limited (PSX: MLCF) reported a marginal 1% dip in its consolidated net profit for the nine months ended March 31, 2026, recording Rs7.80bn compared to Rs7.87bn in the corresponding period last year. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more
Asian markets traded on a mixed footing on Wednesday, as investor sentiment remained cautious amid ongoing uncertainty surrounding U.S. Iran relations, even as Japan’s benchmark index climbed to an all-time high. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 171,099.55 40.05M | -0.28% -479.76 |
| ALLSHR | 102,279.50 152.64M | -0.10% -98.44 |
| KSE30 | 51,855.84 13.39M | -0.48% -249.29 |
| KMI30 | 245,517.16 13.76M | -0.24% -586.45 |
| KMIALLSHR | 66,118.86 80.32M | -0.18% -118.16 |
| BKTi | 48,221.19 7.26M | -0.91% -441.76 |
| OGTi | 35,649.00 0.59M | -0.32% -115.69 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,935.00 | 78,900.00 77,505.00 | -1000.00 -1.27% |
| BRENT CRUDE | 103.29 | 106.15 101.58 | 1.38 1.35% |
| RICHARDS BAY COAL MONTHLY | 103.25 | 0.00 0.00 | -0.75 -0.72% |
| ROTTERDAM COAL MONTHLY | 102.00 | 102.00 101.70 | -0.25 -0.24% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 94.41 | 97.22 92.33 | 1.45 1.56% |
| SUGAR #11 WORLD | 13.81 | 13.96 13.67 | 0.09 0.66% |
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