MG Morning Breeze: Updates to Skim before Market
MG News | May 22, 2026 at 07:55 AM GMT+05:00
May 22, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The SCRA balance decreased by Rs118.07m during the week ending May 15, 2026 to close at Rs27.90bn. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.21 billion or 7.65% WoW to $17.08 billion during the week ended on May 15, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
In a landmark achievement for Pakistan’s energy and petroleum sector, Sitara Petroleum Service Limited has successfully completed its Initial Public Offering (IPO), receiving an overwhelming response from investors during both the book building and public subscription phases. Read more
Pakistan Single Window (PSW) and the Export-Import Bank of Pakistan (Pak EXIM) have entered into a Memorandum of Understanding (MoU) aimed at improving data-driven trade finance solutions and supporting export sector growth. Read more
Pakistan has received a formal invitation to join the Commonwealth Enterprise and Investment Council (CWEIC) as a Strategic Partner, a move that would grant the country expanded access to a vast Commonwealth-wide network spanning trade, investment and business collaboration across emerging and fast-growing markets. Read more
Pakistan's Pak Salt Corporation (PSC) has signed a Strategic Cooperation Framework Agreement with China National Salt Industry Group, which marks a significant step toward developing the country's vast rock salt resources on a commercial scale. Read more
Pakistan and the Aga Khan Development Network have reaffirmed their longstanding partnership, with both sides expressing commitment to expanding collaboration across key development sectors, particularly in Gilgit-Baltistan and Chitral. Read more
Oil and Gas Development Company Limited has significantly expanded its exploration portfolio after securing eight offshore blocks under the Offshore Bid Round 2025, marking one of the company’s largest additions to its upstream acreage in recent years. Read more
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The Board of Directors of Haji Mohammad Ismail Mills Limited has approved a proposal to enter into a merger with SEGO Pakistan (Private) Limited, subject to regulatory approvals. Read more
The benchmark KSE-100 Index extended its bullish momentum on Thursday, closing at 168,514.44, up by 3,683.02 points or 2.23%, as investor sentiment strengthened on optimism surrounding Pakistan’s ongoing engagement with the International Monetary Fund (IMF) and improving expectations regarding regional geopolitical stability. Read more
The Pakistani rupee continued its upward momentum against the US dollar in Thursday's interbank trading session, marking another positive close as the local currency settled at PKR 278.55 per USD an improvement of 0.87 paisa over the previous session's close of 278.56. Read more
The Board of Directors of Hascol Petroleum Limited approved the restructuring and rescheduling of the company's financing facilities with the National Bank of Pakistan (NBP) in an emergent meeting held on 15 May 2026. Read more
VIS Credit Rating Company Limited has reaffirmed its entity ratings for Blessed Textiles Limited (BTL) at A/A1 (Single A/Single A One), maintaining a Stable outlook on the Pakistan Stock Exchange-listed textile manufacturer. Read more
VIS Credit Rating Company Limited has reaffirmed its entity ratings for Bhanero Textile Mills Limited (PSX:BHAT) at A+/A1 (Single A Plus/Single A One), maintaining a Stable outlook on the Pakistan Stock Exchange-listed textile manufacturer. Read more
UDL International Limited acquired two open plots of land measuring 100 square yards each in DHA Phase 7 Extension, Karachi, for a total consideration of Rs65 million, with each plot purchased for Rs32.5m. Read more
VIS Credit Rating Company Limited has reaffirmed its entity ratings for Faisal Spinning Mills Limited (PSX:FASM) at A/A1 (Single A/Single A One), maintaining a Stable outlook on the Pakistan Stock Exchange-listed textile manufacturer. Read more
Tariq Glass Industries Limited (PSX: TGL) has received approval from the Authority of Quaid-e-Azam Business Park - Special Economic Zone (QABP-SEZ), Sheikhupura, for entry of the Company as a Zone Enterprise. Read more
Barkat Frisian Agro Limited (PSX:BFAGRO) has reached full mechanical completion of its egg processing facility, with all plant and machinery installations successfully finished and production was scheduled to commence in April 2026. Read more
Citi Pharma Limited (PSX:CPHL) has entered into a Strategic Financial Advisory Agreement with JS Global Capital Limited, which marks the beginning of a formal partnership focused on investment banking, capital markets, IPOs, REIT structures, fundraising, and strategic corporate initiatives. Read more
Symmetry Group Limited has successfully completed the acquisition of a US-based technology firm, Logo Design Guru. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs475,362 per tola, up Rs5,000. 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 Rs919bn into the market, of which Rs850bn were injected through reverse repo OMO. Read more
Major Pakistani refineries ARL, PARCO, National Refinery Limited, and Pakistan Refinery Limited have jointly written to the Chairman of the Oil and Gas Regulatory Authority (OGRA), Islamabad, warning of a serious and growing threat posed by cross-border inflows of petroleum products to local refinery operations. Read more
Pakistan Petroleum Limited (PSX: PPL) has secured eight offshore blocks under the Pakistan Offshore Bid Round 2025, taking the operator seat on two while joining as a partner in six others. Read more
Pakistan has offered Kuwait investment opportunities in fuel storage, bonded terminals, jetty construction and port infrastructure projects as part of efforts to expand foreign participation in the country’s maritime and energy logistics sectors. Read more
Pakistan and Kenya have agreed to double bilateral trade volume over the next five years, while reaffirming their commitment to significantly expanding economic ties between the two countries. Read more
International Packaging Films Limited's (PSX:IPAK) subsidiary Petpak Films (Private) Limited has approved a Right Issue of approximately Rs2.13 billion through the issuance of ordinary shares at par value of Rs10 per share. Read more
Oil prices climbed modestly on Thursday, recovering a portion of steep losses as markets kept a close watch on ongoing diplomatic negotiations between Washington and Tehran. Read more
Blue-Ex Limited has launched E-Wallet services powered by Easypaisa as part of its strategy to enhance customer convenience and expand its service offerings. Read more
BMI Fitch Solutions expects elevated weather risks to global grain production in the 2026/27 season as an El Niño event is increasingly likely to emerge from mid-2026, with the phenomenon posing varying risks across major crops and producing regions. Read more
The government has reaffirmed its commitment to providing a stable and predictable policy framework for private sector-led growth, as senior officials held wide-ranging talks with leading representatives of Pakistan's business community to address key challenges affecting business growth and investment climate. Read more
Pakistan and the United Kingdom have reaffirmed their commitment to strengthening bilateral ties, with both sides expressing strong interest in expanding cooperation across security, trade, investment and development. Read more
The government conducted a primary market auction, for the issuance of Government of Pakistan Hybrid Sukuk (GHS), with a settlement date of May 21, 2026, through PSX. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more
Asian markets rallied on Thursday, following a strong overnight performance on Wall Street as easing concerns over tensions in the Middle East lifted investor sentiment and pressured oil prices lower. Read more
An International Monetary Fund (IMF) mission headed by Iva Petrova has wrapped up its visit to Islamabad after holding discussions with Pakistani authorities from May 13 to May 20, 2026, focusing on the country’s economic outlook, reform progress, and budget planning for fiscal year 2026-27. Read more
The Asian Infrastructure Investment Bank (AIIB) is considering investing between $100 million and $150 million in Pakistan's energy sector, with a focus on transmission infrastructure, renewable energy and sustainable development projects. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 168,514.45 270.58M | 2.23% 3683.02 |
| ALLSHR | 101,435.11 727.15M | 2.12% 2101.39 |
| KSE30 | 50,579.18 130.90M | 2.48% 1222.35 |
| KMI30 | 242,349.77 110.71M | 2.17% 5137.60 |
| KMIALLSHR | 65,996.09 380.10M | 1.90% 1228.68 |
| BKTi | 46,176.73 48.16M | 2.68% 1203.71 |
| OGTi | 35,670.57 11.87M | 2.41% 839.24 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,835.00 | 77,835.00 77,290.00 | 140.00 0.18% |
| BRENT CRUDE | 104.32 | 105.13 104.00 | 1.74 1.70% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -8.75 -7.37% |
| ROTTERDAM COAL MONTHLY | 113.00 | 0.00 0.00 | 0.50 0.44% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 97.48 | 98.35 97.24 | 1.13 1.17% |
| SUGAR #11 WORLD | 14.90 | 15.05 14.78 | 0.17 1.15% |
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