MG Morning Breeze: Updates to Skim before Market
MG News | May 04, 2026 at 07:44 AM GMT+05:00
May 04, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Sitara Petroleum Services Limited (SPSL) is pitching a transformation story that feels almost too good to ignore. Revenue tripled in a year. Net profit surged an eye-catching 1,370%. Shares are being offered at a floor price of PKR 13.50, marketed as a steep discount to a ‘fair value’ of PKR 22.83. On the surface, it reads like a rare bargain in Pakistan’s energy space. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
Pakistan is stepping up efforts to enhance cybersecurity preparedness across its financial sector in response to emerging technological risks and evolving threat dynamics. Read more
After enduring back-to-back double-digit monthly losses, the sharpest in years, Pakistan's equity market staged its most decisive single-month rebound of FY26 in April, fuelled first by geopolitical hope and then by the resilient conviction of local investors who refused to let the market fall further. Read more
The Securities and Exchange Commission of Pakistan has granted approval for the prospectus of the Initial Public Offering (IPO) of Service Long March Tyres Limited, bringing the total number of IPOs in FY2025–26 to 12. Read more
The International Monetary Fund (IMF) has warned that the ongoing Middle East conflict is likely to slow economic growth across the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region, with Pakistan facing heightened risks due to rising energy and food import costs, potential declines in remittances and tighter financial conditions. Read more
The US dollar's dominance in global central bank reserves is rapidly eroding, dropping from a peak of over 60% to just 40% in recent times. Read more
In a move aimed at cushioning the impact of rising costs, Shehbaz Sharif has decided to continue relief measures for the country’s economically vulnerable segments. Read more
Lucky Textile Mills Limited has declared that its Chief Executive Officer, Mr. Jawed Yunus Tabba, has been appointed as Ambassador-at-Large for Export Promotion by the Government of Pakistan, marked a significant milestone for the company. Read more
The Federal Board of Revenue (FBR) has reported a tax shortfall of Rs649 billion for the period July–April. Read more
In a landmark ruling, the Supreme Court of Pakistan has held that super tax cannot be levied on the sale of immovable property or shares where such income already enjoys an exemption under the Income Tax Ordinance. Read more
Copper prices have staged a sharp recovery, bouncing back to around $13,000 per metric ton after briefly falling below $12,000/mt, driven by mine disruptions and a renewed risk-on tone in global markets. Read more
Pakistan’s equity market extended its decline during the week ended May 01, 2026, with the benchmark KSE-100 Index closing at 162,994.17, down sharply from 170,672.04 recorded on April 24, 2026. Read more
The federal government has reaffirmed its commitment to building a predictable and transparent regulatory environment, advancing end-to-end digitalization, and strengthening Pakistan's presence in international capital markets. Read more
Pakistan’s national carrier is moving closer to full privatization as a consortium spearheaded by Arif Habib Corporation Limited has formally expressed its intention to acquire the remaining 25% stake in Pakistan International Airlines Corporation Limited (PIACL). Read more
The government has declared an end to load shedding across the country after a fresh LNG supply eased pressure on the power system, bringing relief following days of outages. Read more
Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), increased by 0.62% for the week ended April 30, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more
Pakistan's headline Consumer Price Index (CPI) inflation surged to 10.9% year-on-year (YoY) in April 2026, up sharply from 7.3% in March 2026, the Pakistan Bureau of Statistics (PBS) reported today. This compares to just 0.3% recorded in April 2025. Read more
Just when households and transporters begin adjusting to one round of fuel shock, another notification arrives quietly but sharply shifting the cost of every litre that keeps the economy moving. Read more
Pakistan Telecommunication Company Limited (PSX: PTC) on Thursday rejected market chatter suggesting a potential shift in the investment stance of its majority shareholder e& (formerly Etisalat), calling the reports “baseless and speculative” and cautioning against misinformation that could fuel volatility. Read more
Pakistan is set to overhaul its real estate sector as the National Accountability Bureau (NAB) prepares to abolish the decades-old property file system within two months, Chairman Lt Gen (retd) Nazir Ahmed Butt said during an informal media briefing. Read more
Fauji Fertilizer Company (FFC) has announced its financial results for the first quarter ended March 31, 2026, at its Board of Directors’ meeting. Read more
The State Bank of Pakistan (SBP) has kept the rate of remuneration on the Special Cash Reserve Account (US$) at 2.65% for May 2026, down slightly from 2.66% in April 2026 and 2.67% in March 2026. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $730.3 million or 4.84% WoW to $15.83 billion during the week ended on April 24, 2026, according to the data released by the central bank on Thursday. Read more
Pakistan’s inflation is projected to remain within the 8–9% range in April 2026, which reflects persistent but manageable price pressures amid global uncertainty. Read more
Engro Holdings (ENGROH) held its analyst briefing, presenting a broadly optimistic long-term outlook anchored in digital infrastructure ownership and agricultural fundamentals, even as several segments grapple with near-term earnings pressure from regulatory headwinds and global market volatility. Read more
The Bank of England’s Monetary Policy Committee (MPC) voted by an 8–1 majority to hold the bank rate at 3.75%. Read more
The Pakistani Rupee continued its upward trajectory against the US Dollar on Thursday, appreciating by 3.02 paisa in the interbank market to close at PKR 278.77 per dollar, compared to the previous session’s closing of 278.80. Read more
The benchmark KSE-100 Index concluded Thursday's trading session at 162,994.17, registering a decline of 2,829.70 points or 1.71%, as persistent selling pressure weighed on the market. Read more
Hascol Petroleum Limited (PSX: HASCOL) reported a spectacular financial turnaround for the first quarter ended March 31, 2026, posting a net profit of Rs448.97m. This marks a massive recovery from the heavy net loss of Rs3.10bn recorded in the corresponding period last year. Read more
Cordoba Financial Services Limited (CFSL) has entered the ratings map with a solid debut, as VIS Credit Rating Company Limited assigned initial entity ratings of ‘A/A2’ with a Stable outlook. Read more
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has successfully commissioned a Battery Energy Storage System (BESS) project. Read more
Pakistan Cables Limited (PSX: PCAL) reported a decisive turnaround for the nine months ended March 31, 2026, posting a profit after tax of Rs206.23m compared to a loss of Rs260.99m in the corresponding period last year. Read more
Ideal Spinning Mills Limited (PSX:IDSM) has received board-level approval for a proposed change of its corporate name to Ideal Dynamics Limited, subject to shareholder and regulatory clearances. Read more
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) swung to a loss for the period of Rs343.58m for the nine months ended March 31, 2026, compared to a profit of Rs63.79m in the corresponding period last year, showing a significant deterioration in the overall earnings base. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs483,962 per tola, up Rs4,400. Read more
Pakistan Aluminium Beverage Cans Limited (PSX: PABC) reported a solid 9% increase in its net profit for the first quarter ended March 31, 2026, recording Rs1.39bn compared to Rs1.28bn in the corresponding period last year. Read more
Pakistan's headline inflation is poised to breach the double-digit threshold for the first time in nearly two years, with market consensus pointing to an average CPI reading of approximately 10.25% year-on-year for April 2026. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo Open Market Operation (OMO) today, in which it injected a total of Rs300,000m into the market through an 8-day reverse repo OMO. Out of Rs689,000m offered, Rs300,000m was accepted at a rate of 10.56%. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 162,994.17 366.14M | -1.71% -2829.70 |
| ALLSHR | 97,525.91 833.18M | -1.65% -1634.99 |
| KSE30 | 49,090.22 171.05M | -2.02% -1011.73 |
| KMI30 | 234,097.76 141.71M | -1.92% -4583.61 |
| KMIALLSHR | 63,284.58 381.76M | -1.79% -1151.00 |
| BKTi | 45,458.10 90.77M | -1.53% -707.82 |
| OGTi | 33,162.89 14.24M | -2.82% -962.44 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 80,365.00 | 80,810.00 78,605.00 | 1590.00 2.02% |
| BRENT CRUDE | 108.65 | 108.80 105.55 | 0.48 0.44% |
| RICHARDS BAY COAL MONTHLY | 113.00 | 0.00 0.00 | 1.00 0.89% |
| ROTTERDAM COAL MONTHLY | 109.25 | 0.00 0.00 | 1.80 1.68% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 102.09 | 102.33 99.11 | 0.15 0.15% |
| SUGAR #11 WORLD | 14.97 | 0.00 0.00 | 0.02 0.13% |
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