MG Morning Breeze: Updates to Skim before Market
MG News | June 09, 2026 at 07:46 AM GMT+05:00
June 09, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Strengthening bilateral trade, investment, and economic cooperation between Pakistan and Mauritius was discussed in a meeting focused on expanding commercial engagement and identifying new opportunities for mutually beneficial economic collaboration. Read more
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Monday chaired a high-level inter-ministerial meeting to review Pakistan's automotive and auto parts policy, placing electric vehicles (EVs) at the centre of the country's industrial and climate agenda. Read more
South Korea's benchmark equity index dived down more than 8% on Monday, which triggered circuit breakers for the third time this year. Read more
Punjab's Apni Chhat, Apna Ghar housing programme is set to receive $100 million in World Bank funding, as the global lender expressed interest in joining the provincial government's flagship low-income housing initiative. Read more
A China Pakistan agricultural collaboration has been formalized through a Memorandum of Understanding (MoU) aimed at introducing high-quality tomato varieties for industrial processing in Pakistan. Read more
Pakistan has implemented sweeping economic reforms since 2024 to modernize its tax system, expand digital payments, and streamline trade, with tax collection growing 26% during fiscal year 2025. Read more
Pakistan's chemical sector has the potential to play a pivotal role in economic growth, export promotion, industrial innovation and job creation. Read more
Pakistan's government called for a fundamental rethink of humanity's relationship with the oceans, warning that marine ecosystems face severe stress from climate change, biodiversity loss and rising emissions. Read more
The Senate of Pakistan has returned Rs1.436 billion to the national exchequer under an extensive austerity and expenditure rationalisation drive carried out across its Secretariat on the directives of Chairman Senate Syed Yousaf Raza Gilani. Read more
Small traders and business leaders have expressed cautious optimism over the government's new fixed tax scheme for retailers, while urging authorities to ensure transparent implementation, consistent policy application and adequate support for digital compliance. Read more
The benchmark KSE-100 Index started the week on a negative note, closing Monday's session at 168,953.70, down by 1,525.24 points or 0.89%, as investor sentiment weakened amid rising geopolitical tensions in the Middle East and renewed pressure on heavyweight banking, energy, and fertilizer stocks. Read more
The Pakistani rupee extended its gaining momentum against the US dollar on Monday, edging up in the interbank market and closing at PKR 278.40 per USD, compared to the previous day’s closing of 278.41, reflecting a marginal gain of 0.84 paisa. Read more
Sazgar Engineering Works Limited produced 1,609 four-wheelers (off-road and passenger vehicles) in May 2026, while sales came in slightly lower at 1,604 units during the month. Read more
Wahdat Poultry Farm Limited (PSX:WAHDAT) has commenced rearing of an additional flock of 100,000 layer birds under its IPO-funded expansion plan, with commercial egg production from the new flock expected to begin in November 2026. Read more
Pakistan and Albania have discussed strengthening bilateral trade ties and advancing cooperation across multiple sectors, including IT and tourism. Read more
Chairperson of the Benazir Income Support Programme, Rubina Khalid, has declared that disbursements under BISP will be made through digital wallets from July this year. Read more
Japan's economy expanded at an annualized real rate of 1.8% in the January-March quarter, revised down from an initial estimate of 2.1%, as capital investment slowed. Read more
The hearing on delays in the Nai Gaj Dam project was adjourned until June 11 by the Federal Constitutional Court after both the Water and Power Development Authority (WAPDA) and the project contractor completed their arguments. Read more
The Central Directorate of National Savings (CDNS) mobilized Rs1.32 trillion in investments during the first eleven months of FY2025-26, reaching 97.1% of its annual target of Rs1.36tr. Read more
The Securities and Exchange Commission of Pakistan (SECP), in a major facilitation measure, has allowed companies with foreign sponsors or directors to submit licensing applications on the basis of a self-declaration undertaking instead of obtaining prior security clearance of foreign directors from relevant departments. Read more
Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs452,233 per tola, down Rs3,094. Read more
Service Long March Tyres Limited's initial public offering received 33,190 applications for a total of 739,171,500 ordinary shares, against a revised issue size of 116,920,000 shares. Read more
The meeting of the National Economic Council (National Economic Council), originally scheduled for Monday (June 8, 2026), has once again been deferred and will now take place on Tuesday, June 9, at 11:30 am at the Prime Minister’s House in Islamabad, according to notification issued by the Cabinet Division. Read more
Ghandhara Industries Limited (GHNI) has seen its valuation outlook strengthened as improving commercial vehicle demand and better-than-expected sales performance prompted an upward revision in earnings estimates and target price. Read more
Fitch Ratings expects oil prices to fall sharply after the Strait of Hormuz reopens, arguing that the current surge reflects a temporary logistical supply shock rather than a lasting loss of production capacity. Read more
Fitch Ratings has cut its 2026 global growth forecast by 0.2 percentage points to 2.4%, citing the oil price shock triggered by the US-Iran war and the resulting closure of the Strait of Hormuz, now in its 14th week. Read more
Gold prices declined on Monday as stronger expectations of a U.S. Federal Reserve interest rate hike weighed on investor sentiment, while escalating tensions in the Middle East pushed oil prices higher and raised inflation concerns. Read more
The S&P 500 has posted 19 all-time highs in the first five months of 2026, a 9.8% year-to-date return. Read more
Oil prices moved higher on Monday as renewed military exchanges between Israel and Iran heightened fears of prolonged instability in the Middle East, raising concerns over potential disruptions to regional energy supplies. Read more
ITANZ Technologies Limited's board has approved an investment of up to AUD21.86 million (approximately Rs4.34 billion) to acquire a 51% stake in Australia-based ITANZ Infinity Pty Limited. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
Asian markets declined on Monday, with technology stocks leading losses across the region as investors pulled back from AI-linked plays following a sharp sell-off in U.S. tech shares. Read more
Pakistan's National Economic Council (NEC) is set to consider a Rs4.464 trillion national development budget for fiscal year 2026-27. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 168,953.71 137.85M | -0.89% -1525.24 |
| ALLSHR | 101,913.00 653.00M | -0.95% -972.54 |
| KSE30 | 50,350.49 53.41M | -1.04% -527.12 |
| KMI30 | 241,458.68 47.12M | -1.01% -2459.18 |
| KMIALLSHR | 66,152.24 285.01M | -0.89% -591.11 |
| BKTi | 45,807.84 15.71M | -1.10% -509.63 |
| OGTi | 34,908.25 5.34M | -0.88% -310.37 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,050.00 | 63,845.00 62,515.00 | -425.00 -0.67% |
| BRENT CRUDE | 93.44 | 94.42 93.38 | -0.81 -0.86% |
| RICHARDS BAY COAL MONTHLY | 125.00 | 125.25 125.00 | 2.60 2.12% |
| ROTTERDAM COAL MONTHLY | 136.75 | 138.05 136.75 | 2.75 2.05% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 90.38 | 91.55 90.31 | -0.92 -1.01% |
| SUGAR #11 WORLD | 14.16 | 14.36 14.11 | 0.02 0.14% |
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