MG Morning Breeze: Updates to Skim before Market
MG News | April 28, 2026 at 07:22 AM GMT+05:00
April 28, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
KE Ventures Company Limited, a wholly-owned subsidiary of K-Electric Limited (KE) established in 2020, has appointed Adeeb Ahmad as its new Chief Executive Officer as part of its strategy to diversify beyond core utility operations. Read more
The State Bank of Pakistan (SBP) purchased $728 million from the interbank foreign exchange market in January 2026, according to official data released by its Domestic Markets & Monetary Management Department. Read more
The overall Business Confidence Index (BCI) declined by 0.3 points, falling to 47.4 in April 2026, the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA), revealed. Read more
Pakistan’s central bank has cautioned that inflation is already picking up and is expected to rise further, even as it remains within the target range for now, according to remarks made by the SBP Governor at an analyst briefing. Read more
The Consumer Confidence Index (CCI) in Pakistan declined by 1.3 to 36.1 points in April 2026 compared to 37.4 points in March 2026, according to a survey report released by the State Bank of Pakistan (SBP). Read more
The European Central Bank (ECB) and the Bank of England (BOE) are expected to keep their benchmark interest rates unchanged on Thursday, as policymakers wait for greater clarity on the energy shock stemming from the ongoing Middle East conflict, according to a report by The Wall Street Journal. Read more
The Pakistani rupee extended its remarkable winning streak against the US dollar, notching its 147th straight session of appreciation in Monday's interbank trading as the local currency continues to demonstrate resilience in the foreign exchange market. Read more
Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan approved the Initial Public Offering of Sitara Petroleum Service Limited, comprising 168,000,000 ordinary shares through the Book Building method. Read more
Stocks at the Pakistan Stock Exchange closed lower on Monday, with the benchmark KSE-100 Index ending in the red as renewed setbacks in US-Iran diplomatic efforts and rising global oil prices weighed on investor sentiment. Read more
Agritech Limited (PSX:AGL) has restarted operations at its Urea Plant following the restoration of gas supply from Sui Northern Gas Pipelines Limited (SNGPL), bringing an end to a period of suspended production. Read more
Cherat Packaging Limited (PSX: CPPL) reported a sharp 71.13% decline in its profit after taxation for the nine months ended March 31, 2026, falling to Rs114.76m compared to Rs397.58m in the corresponding period last year. Read more
The Monetary Policy Committee has decided to increase the policy rate by 100 bps to 11.5% in its meeting held on March 27, 2026. Read more
Soneri Bank Limited (PSX:SNBL) has secured board approval to establish a wholly owned Asset Management Company (AMC) as a subsidiary, marking a significant step toward diversifying its business operations. Read more
The Bank of Punjab (PSX: BOP) reported a spectacular 2.6x surge in its consolidated profit after taxation for the first quarter ended March 31, 2026, reaching Rs4.69bn compared to Rs1.79bn in the corresponding period last year. Read more
Engro Holdings Limited (PSX: ENGROH) reported a near-quadrupling of its net profit for the quarter ended March 31, 2026, recording Rs15.93bn compared to Rs4.04bn in the corresponding period last year. Read more
Soneri Bank Limited (PSX: SNBL) reported a 16.72% surge in its profit after taxation for the first quarter ended March 31, 2026, climbing to Rs1.34bn from Rs1.15bn recorded in the same period last year. Read more
Fast Cables Limited (PSX: FCL) reported a solid 11% increase in its net profit for the nine months ended March 31, 2026, recording Rs1.26bn compared to Rs1.13bn in the corresponding period last year. Read more
Kot Addu Power Company Limited (PSX: KAPCO) reported a 37% decline in its net profit for the nine-month period ended March 31, 2026, recording Rs1.51bn compared to Rs2.41bn in the corresponding period last year. Read more
The Sindh High Court, vide Order dated 16 April 2026, approves the Modified Scheme of Arrangement for the merger of Crescent Star Foods (Private) Limited with and into PICIC Insurance Limited, subject to completion of all legal and procedural formalities. Read more
Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs493,962 per tola, up Rs800. Read more
GlaxoSmithKline Pakistan Limited (PSX: GLAXO) reported a robust 23% increase in its net profit for the first quarter ended March 31, 2026, reaching Rs2.61bn compared to Rs2.13bn in the corresponding period last year. Read more
Askari Bank Limited (PSX: AKBL) reported a 8% decline in its profit after taxation for the first quarter ended March 31, 2026, falling to Rs6.58bn from Rs7.16bn recorded in the same period last year. Read more
Symmetry Group Limited's (PSX:SYM) subsidiary, Iris Digital (Private) Limited, has formally executed its second Service Agreement with Jazz for Digital Services. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) will carry out scheduled maintenance at its plant from April 28, 2026 to May 18, 2026. Read more
Nimir Industrial Chemicals Limited (PSX: NICL) reported a largely stable consolidated net profit for the nine months ended March 31, 2026, recording Rs1.339bn, practically unchanged from the Rs1.34bn posted in the corresponding period last year. Read more
The Bank of Khyber (PSX: BOK) reported a significant 36.65% decline in its profit after taxation for the first quarter ended March 31, 2026, falling to Rs1.02bn from Rs1.60bn recorded in the same period last year. Read more
Big Bird Foods Limited (PSX: BBFL) reported an 11% increase in its net profit for the period ended March 31, 2026, recording Rs1bn compared to Rs901.11m in the corresponding period last year. Read more
Macter International Limited (PSX: MACTER) reported a steady 8.44% increase in its profit after taxation for the nine months ended March 31, 2026, clocking in at Rs529.30 million compared to Rs488.10m in the corresponding period last year. Read more
BankIslami Pakistan Limited (PSX: BIPL) reported a massive 65% decline in its consolidated profit after taxation for the first quarter ended March 31, 2026, plunging to Rs903.88m compared to Rs2.61bn in the corresponding period last year. Read more
Fauji Cement Company Limited (PSX:FCCL) has completed the acquisition of an 84.06% equity stake in Attock Cement Pakistan Limited, following the execution of a Sale and Purchase Agreement (SPA) dated 30 January 2026 between the Company, Kot Addu Power Company Limited (collectively the "Purchasers"), and Pharaon Investment Group Limited Holding S.A.L. (the "Seller"). Read more
Indus Motor Company Limited (PSX: INDU) has moved forward with its ongoing localization initiative, increasing the total investment to Rs5.1bn as part of efforts to strengthen domestic manufacturing. Read more
Oil prices climbed after renewed efforts to restart peace negotiations between the United States and Iran broke down once again. Read more
Indus Motor Company Limited (PSX:INDU) reported a strong 17% increase in its profit after taxation for the nine months ended March 31, 2026, clocking in at Rs19.40bn compared to Rs16.55bn in the corresponding period last year. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
The Government of Pakistan has officially issued the "Transit of Goods through Territory of Pakistan Order 2026," establishing a formal legal framework for the international transport of goods destined for Iran across Pakistani soil. Read more
Asian markets advanced on Monday, with several key benchmarks scaling fresh record highs as investors remained optimistic despite escalating geopolitical risks in the Middle East and stalled U.S. Iran diplomacy. Read more
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| KSE100 | 169,497.36 357.30M | -0.69% -1174.68 |
| ALLSHR | 101,339.29 778.53M | -0.68% -695.60 |
| KSE30 | 51,409.14 194.39M | -0.77% -400.47 |
| KMI30 | 243,225.72 109.29M | -0.72% -1761.16 |
| KMIALLSHR | 65,648.72 362.70M | -0.72% -474.94 |
| BKTi | 47,799.18 146.86M | -0.77% -371.87 |
| OGTi | 35,183.30 7.35M | -1.46% -521.89 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,200.00 | 77,840.00 76,800.00 | 10.00 0.01% |
| BRENT CRUDE | 109.30 | 109.48 107.81 | 1.07 0.99% |
| RICHARDS BAY COAL MONTHLY | 106.00 | 106.00 105.50 | 2.00 1.92% |
| ROTTERDAM COAL MONTHLY | 104.35 | 104.35 102.00 | 0.55 0.53% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 97.35 | 97.55 96.24 | 0.98 1.02% |
| SUGAR #11 WORLD | 13.99 | 14.30 13.95 | -0.12 -0.85% |
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