MG Morning Breeze: Updates to Skim before Market

April 30, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP raises Rs1.37tr in MTBs, Floating Rate PIB

The State Bank of Pakistan (SBP) conducted two government securities auctions, with a settlement date of April 30, 2026, a Market Treasury Bills (MTBs) auction and a 10-Year Floating Rate Pakistan Investment Bond (PFL) Semi-Annual auction. While the MTBs auction successfully raised Rs1.374 trillion in face value terms, the SBP rejected all bids in the floating rate PIB auction, netting zero from that instrument. Read more

• TREET profit drops 38% in 9MFY26

Treet Corporation Limited (PSX: TREET) reported a 37.51% year-on-year contraction in profit for the period for the nine months ended March 31, 2026, recording Rs200.37m compared to Rs320.64m in the corresponding period last year. Read more

• ILP 9MFY26 profit rockets 2.9x

Interloop Limited (PSX: ILP) reported a spectacular 2.9x surge in its consolidated net profit for the nine months ended March 31, 2026, reaching an impressive Rs8.80bn compared to Rs3.03bn in the corresponding period last year. Read more

• SSGC reports steep 80% drop in 9MFY26 profit

Sui Southern Gas Company Limited (PSX: SSGC) reported a sharp 79.63% year-on-year contraction in profit for the period for the nine months ended March 31, 2026, recording Rs1.53bn compared to Rs7.49bn in the corresponding period last year. Read more

• AGHA 9MFY26 net loss narrows by 47%

Agha Steel Industries Limited (PSX: AGHA) reported a significant 47% reduction in its net loss for the nine months ended March 31, 2026, recording a loss of Rs2.73bn compared to a heavier net loss of Rs5.17bn in the corresponding period last year. Read more

• Gold price in Pakistan falls Rs5,500 per tola

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs479,562 per tola, down Rs5,500. Read more

• PKR holds firm, posts marginal gain vs USD

The Pakistani rupee (PKR) recorded a marginal appreciation against the US dollar in Wednesday’s interbank foreign exchange session, gaining 0.83 paisa to close at PKR 278.80 per USD compared to the previous day’s closing level of 278.81. Read more

• PSX Closing Bell: The Fall Continues

The benchmark KSE-100 Index concluded Wednesday's trading session at 165,823.87, showing a decrease of 2,588.36 points or 1.54%. Read more

• BML trims Q1 loss 13% to Rs751m

Bank Makramah Limited (PSX: BML) reported a 13.46% narrowing in loss after taxation for the three months ended March 31, 2026, recording a loss of Rs751.21m compared to a loss of Rs868.09m in the corresponding period last year. Read more

• CLOV 9MFY26 profit declines 7%

Clover Pakistan Limited (PSX: CLOV) reported a 7% decline in its net profit for the nine months ended March 31, 2026, recording Rs196.50m compared to Rs212.27m in the corresponding period last year. Read more

• Govt puts power, banking assets on the block

Pakistan is set to accelerate its privatization drive as the Privatisation Commission of Pakistan prepares to invite expressions of interest (EOIs) next month for the sale of stakes in four major state-owned entities, officials familiar with the development said. Read more

• APL profit nearly doubles to Rs14.8bn in 9MFY26

Attock Petroleum Limited (PSX: APL) reported a robust 91.78% year-on-year expansion in profit for the period for the nine months ended March 31, 2026, recording Rs14.76bn compared to Rs7.70bn in the corresponding period last year. Read more

• AIRLINK enters BNPL with new subsidiary

Air Link Communication Limited’s (PSX: AIRLINK) Board of Directors has approved the incorporation of a wholly owned subsidiary under the name AirFin Consumer Finance (Pvt.) Limited, marking the company's strategic entry into the consumer finance sector with Buy Now, Pay Later (BNPL) as its principal line of business. Read more

• AIRLINK profit jumps 28% in 9MFY26

Air Link Communication Limited (PSX: AIRLINK) reported a strong 28% increase in its consolidated net profit for the nine months ended March 31, 2026, reaching Rs3.65bn compared to Rs2.85bn in the corresponding period last year. Read more

• SEARL eyes product portfolio shake-up

The Searle Company Limited (PSX: SEARL) is evaluating a restructuring of its product portfolio, with plans to transfer certain products to one or more subsidiaries as part of a portfolio rationalization strategy aimed at supporting consolidated growth. Read more

• SEARL turns profitable with Rs2.3bn in 9MFY26

The Searle Company Limited (PSX: SEARL) reported a decisive turnaround for the nine months ended March 31, 2026, posting a profit for the period of Rs2.31bn compared to a loss of Rs284.52m in the corresponding period last year. Read more

• OGDC profit shrinks 11% in 9MFY26, dividend at Rs3.25

Oil & Gas Development Company Limited (PSX: OGDC) reported an 11% decline in its consolidated net profit for the nine months ended March 31, 2026, recording Rs115.26bn compared to Rs129.61bn in the corresponding period last year. Read more

• MUGHAL profit shoots up 4x to Rs1.88bn

Mughal Iron & Steel Industries Limited (PSX: MUGHAL) reported a more than fourfold expansion in profit after taxation for the nine months ended March 31, 2026, recording Rs1.88bn compared to Rs412.40m in the corresponding period last year. Read more

• DCR 9MFY26 profit falls 35%

Dolmen City REIT (PSX: DCR) reported a 35% decline in its overall net profit for the nine months ended March 31, 2026, recording Rs5.23bn compared to Rs8.08bn in the corresponding period last year. Read more

• Sea Link moves to acquire majority control in PICT

Pakistan International Container Terminal Limited (PSX: PICT) has received a notice regarding a potential acquisition of at least 83.41% of its issued and outstanding ordinary shares, including 8.43% shareholding through a public offer, the company's filing on PSX revealed today. Read more

• Sitara Petroleum expands retail footprint, scales logistics capacity

Sitara Petroleum Service Limited is rapidly expanding its footprint in Pakistan’s downstream petroleum sector, strengthening its position as a major fuel retail operator and logistics partner to oil marketing companies (OMCs), supported by a growing network of fuel stations and an expanding tanker fleet. Read more

• SNGP 9MFY26 profit holds steady

Sui Northern Gas Pipelines Limited (PSX: SNGP) reported a largely stable bottom line for the nine months ended March 31, 2026, recording a net profit of Rs10.10bn compared to Rs10.14bn in the corresponding period last year. Read more

• FFC posts 32% profit growth, Rs8.50 dividend declared

Fauji Fertilizer Company Limited (PSX: FFC) reported a robust 31.62% year-on-year expansion in profit for the period for the three months ended March 31, 2026, recording Rs17.48bn compared to Rs13.28bn in the corresponding period last year. Read more

• HINOON Q1CY26 profit grows 10%

Highnoon Laboratories Limited (PSX: HINOON) reported a solid 10% increase in its consolidated net profit for the first quarter ended March 31, 2026, recording Rs1.05bn compared to Rs954.56m in the corresponding period last year. Read more

• Service Long March Tyres launches IPO to fund expansion plan

Service Long March Tyres Limited, one of Pakistan’s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. The company has received approval from PSX. Read more

• NBP posts 26% drop in Q1CY26 profit

National Bank of Pakistan (PSX: NBP) reported a 26% decline in its consolidated profit after taxation for the first quarter ended March 31, 2026, falling to Rs16.29bn compared to Rs22.11bn in the corresponding period last year. Read more

• ARPL posts solid gains, lifts profit to Rs778m in H1

Archroma Pakistan Limited (PSX: ARPL) reported a robust 22.65% year-on-year expansion in profit for the period for the six months ended March 31, 2026, recording Rs777.82m compared to Rs634.20m in the corresponding period last year. Read more

• NRL flips from red in 9MFY26

National Refinery Limited (PSX: NRL) reported a spectacular financial turnaround for the nine months ended March 31, 2026, swinging from a massive net loss of Rs14.49bn in the previous year to a commanding net profit of Rs9.07bn. Read more

• PSO posts massive 4x jump in profit to Rs40bn

Pakistan State Oil Company Limited (PSX: PSO) reported a nearly fourfold expansion in profit for the period for the nine months ended March 31, 2026, recording Rs40.17bn compared to Rs10.67bn in the corresponding period last year. Read more

• Oil unfazed, no smoke after UAE exit

Oil prices held steady after a recent multi-day surge, as markets reacted to unexpected developments from the United Arab Emirates’ announcement that it intends to exit OPEC. Read more

• ATBA profit shrinks 81% to Rs3m in 9MFY26

Atlas Battery Limited (PSX: ATBA) reported a sharp 81.46% year-on-year contraction in profit for the period for the nine months ended March 31, 2026, recording Rs2.93m compared to Rs15.82m in the corresponding period last year. Read more

• PPL 9MFY26 profit declines 15%

Pakistan Petroleum Limited (PSX: PPL) reported a 15% decline in its consolidated net profit for the nine months ended March 31, 2026, recording Rs60.79bn compared to Rs71.85bn in the corresponding period last year. Read more

• Cherat Cement earnings slide 19% to Rs5.5bn in 9MFY26

Cherat Cement Company Limited (PSX: CHCC) reported a 19.26% year-on-year contraction in net profit for the nine months ended March 31, 2026, recording Rs5.52bn compared to Rs6.83bn in the corresponding period last year. Read more

• SBP eases mortgage rules under Wazir-e-Azam’s Apna Ghar Program–Ghar Ho Toh Apna

The central bank has relaxed key prudential requirements for housing finance under the government’s “Wazir-e-Azam's Apna Ghar Program-Ghar Ho Tu Apna” initiative. Read more

• MERIT climbs back to profit in 9MFY26

Merit Packaging Limited (PSX: MERIT) reported a significant financial turnaround for the nine months ended March 31, 2026, swinging from a net loss of Rs169.55m in the previous year to a net profit of Rs80.55m. Read more

• MTL posts 22% profit growth in 9MFY26

Millat Tractors Limited (PSX: MTL) reported a robust 21.68% year-on-year expansion in profit after tax for the nine months ended March 31, 2026, recording Rs6.07bn compared to Rs4.99bn in the corresponding period last year. Read more

• JSBL reports steep profit erosion in Q1CY26

JS Bank Limited (PSX: JSBL) reported a 62.68% year-on-year contraction in profit after taxation for the three months ended March 31, 2026, recording Rs1.16bn compared to Rs3.10bn in the corresponding period last year. Read more

• SCBPL Q1CY26 profit declines 30%

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) reported a 30% decline in its profit after taxation for the first quarter ended March 31, 2026, falling to Rs5.60bn compared to Rs7.99bn in the corresponding period last year Read more

• Money supply climbs to Rs47.69tr in March

The total money supply circulating in the economy stood at Rs47.69 trillion in March 2026, according to provisional data on Monetary Aggregates released by the State Bank of Pakistan (SBP). Read more

• ASTL rides back into profit territory

Amreli Steels Limited (PSX: ASTL) reported a spectacular financial turnaround for the nine months ended March 31, 2026, swinging from a massive net loss of Rs2.86bn in the previous year to a robust net profit of Rs868.16m. Read more

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