MG Morning Breeze: Updates to Skim before Market
MG News | June 29, 2026 at 08:02 AM GMT+05:00
June 29, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Weekly roundup of Key Economic releases and market data and statistics Read more
The government kept petrol and high-speed diesel (HSD) prices unchanged, maintaining petrol at Rs299.50 per litre and HSD at Rs311.47 per litre, according to a notification issued by the Petroleum Division. Read more
The benchmark KSE-100 Index closed the week ended June 26, 2026 at 179,571.27 points, up 648.51 points or 0.36% on a week-on-week basis from 178,922.76 points recorded on June 19, 2026. Read more
Commercial banks and NBP branches handling customs collections have been directed to extend their working hours from June 27 to June 30, 2026, to facilitate the payment of government duties and taxes through Over-the-Counter (OTC) and Alternate Delivery Channels (ADCs), on the request of the Federal Board of Revenue (FBR). Read more
The State Bank of Pakistan (SBP) will remain closed for public dealing on Wednesday, July 01, 2026, which will be observed as Bank Holiday, according to the notice of SBP. Read more
Gold and silver prices continued to fluctuate around key levels on Thursday as concerns over inflation and a hawkish stance from central banks weighed on the precious metals market. Read more
JP Morgan has lowered its Brent crude oil price forecast for the second half of 2026, pointing to weaker-than-anticipated inventory drawdowns and larger-than-expected demand losses as key drivers behind the revision. Read more
Barclays Bank Plc has upgraded its rating on Pakistan's sovereign dollar bonds to overweight, reversing a downgrade it had issued in May. Read more
Spot gold prices fell below the $4,000 per ounce psychological mark on Wednesday for the first time since November 2025, as a stronger U.S. dollar and expectations of persistently high interest rates weighed on sentiment. Read more
In a landmark achievement for Pakistan's healthcare sector, Shifa International Hospitals Limited has become the first hospital in the world to simultaneously receive the Joint Commission International (JCI) Clinical Care Program Certification (CCPC) for both its Acute Ischemic Stroke Program and Acute Coronary Syndrome Program. Read more
The SCRA balance decreased by Rs.915.51m during the week ending Jun 19, 2026 to close at Rs26.29bn. Read more
Tasdeeq, Pakistan's leading credit information and analytics company regulated by the State Bank of Pakistan (SBP), is set to launch an Initial Public Offering (IPO) at the Pakistan Stock Exchange (PSX). Read more
Pakistan's basmati rice took centre stage at the Pakistan Rice Festival 2026 in the Netherlands, drawing more than 100 importers, retailers, food industry experts, chefs, diplomatic representatives and business leaders from across Europe in a bid to deepen trade ties and open new market avenues for Pakistani agricultural exports. Read more
The Hydrocarbon Development Institute of Pakistan (HDIP) and the Directorate General of Petroleum Concessions (DGPC) have been directed to submit a comprehensive restructuring plan within two weeks, aimed at strengthening governance, operational efficiency and the institute's strategic role in Pakistan's energy sector. Read more
Zuma Resources Limited's board of directors, in a meeting held on June 24, 2026, approved three significant corporate actions, including a proposed sub-division of shares, a new remuneration framework, and the incorporation of a wholly-owned gaming subsidiary. Read more
The Pakistan Stock Exchange (PSX) staged a strong recovery on Wednesday as investors returned to the market following two sessions of declines, with the benchmark KSE-100 Index gaining 1,878.34 points, or 1.06%, to close at 179,571.26. Read more
The Pakistani rupee continued its upward trajectory against the US dollar on Wednesday, marking its 185th consecutive session of appreciation in the interbank market. Read more
Pakistan International Bulk Terminal Limited (PIBTL) has received a 'Buy' rating from JS Global Capital with a June 2027 DCF-based target price of Rs23 per share, implying 30% upside from the current market price of Rs17.70, as the brokerage initiates coverage on the Port Qasim-based bulk terminal operator. Read more
ITANZ Technologies Limited (PSX:ITANZ) has revealed that ITANZ Infinity Pty Ltd has reached a Deed of Forbearance with Westpac Banking Corporation, which had initiated winding-up proceedings against the unit. Read more
China Financial Futures Exchange (CFFEX) has welcomed the Securities and Exchange Commission of Pakistan’s (SECP) efforts aimed at facilitating Chinese investment in Pakistan’s capital market, while signaling greater interest from Chinese investors in the country’s financial sector. Read more
Oil prices continued to fall on Wednesday as easing fears of major supply disruptions and improving maritime conditions in the Strait of Hormuz weighed on sentiment. Read more
Liven Pharma Limited (PSX:LIVEN) has entered into a Memorandum of Understanding with TOFFLON Science and Technology Group Co., Ltd. of China. Read more
Gold extended its decline on Wednesday, slipping as a stronger dollar and rising expectations of U.S. interest rate hikes pressured the metal, while conflicting statements from Washington and Tehran cast fresh doubt over the durability of their nuclear agreement. Read more
BYD Pakistan, through official partner Mega Motor Company (Pvt.) Limited, has opened a third authorised dealership in Karachi's Korangi area. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance of 116,055,709 ordinary shares of Apna Microfinance Bank Limited at a par value of Rs10 per share, amounting to Rs1,160,557,090, by way of other than right offer against share deposit money. Read more
Pakistan Petroleum Limited (PSX:PPL) has commenced the execution phase of its Barite, Lead and Zinc (BLZ) Project following the signing of a Project Management Consultancy contract with M/s. DMT, Germany. Read more
A Federal Board of Revenue (FBR) special committee on the Export Facilitation Scheme (EFS) has committed to expeditious clearance of export consignments, prompt duty drawback payments, and elimination of procedural bottlenecks after meeting textile exporters at the APTMA Lahore office. Read more
An informal session of the United Nations Security Council has stressed the urgent need for stronger monitoring, transparent reporting, and uniform implementation of Council resolutions to rebuild global trust in the body’s effectiveness. Read more
The Islamabad Chamber of Commerce and Industry (ICCI) and G.O.A.T Engineering & Colts Engineering (Riaz & Sons, which has been providing engineering services since 1965) have signed an important Memorandum of Understanding (MoU) aimed at providing the business community of Islamabad with modern engineering facilities and exclusive benefits. Read more
Belt and Road Initiative (BRI) partners are calling for a new phase of cooperation centered on artificial intelligence, semiconductors, data centres and digital trade, moving beyond the physical infrastructure that defined the initiative's first decade. Read more
Prime Minister Shehbaz Sharif on Wednesday reaffirmed Pakistan’s commitment to supporting peace and stability in the region, emphasizing that Islamabad would continue to play a constructive role in fostering dialogue and cooperation among regional nations. Read more
The Pakistan Stock Exchange (PSX) will resume trading in the Government of Pakistan (GoP) Ijarah Sukuk (GIS) issue dated June 28, 2024, from June 29, 2026, following the earlier suspension related to rental payments. Read more
The Prime Minister's Digital Youth Hub (DYH) has surpassed 800,000 registered users, reinforcing its position as the country's leading digital platform for youth empowerment under the Prime Minister's Youth Programme (PMYP). Read more
Pakistan and Iran have reiterated their resolve to further strengthen bilateral relations and promote peace and stability across the region during a meeting between President Asif Ali Zardari and Iranian President Masoud Pezeshkian in Islamabad on Tuesday. Read more
The National Clearing Company of Pakistan Limited (NCCPL) will collect capital gains tax (CGT) arising from the disposal of shares traded on the Pakistan Stock Exchange (PSX) for May 2026 on July 3, asking clearing members to maintain sufficient funds in their settlement accounts. Read more
Interloop Ltd (PSX:ILP) is projected to see a 38% upward trend in its target price to Rs137 per share from current level of Rs99 per share, while its FY27 earnings per share estimate is projected to rise to Rs15.64, following the abolition of super tax for large exporters under the approved Finance Bill 2026. Read more
A new phase of regional diplomacy began on Tuesday as Pakistan and Iran expressed confidence that the technical-level talks between Iran and the United States under the Islamabad Memorandum of Understanding would pave the way for lasting peace, stability, and prosperity across the region. Read more
Select Technologies Limited’s Initial Public Offering book-building process was fully subscribed at Rs34 per share, above the floor price of Rs28 per share. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more
The government successfully raised a total of Rs372.8bn in face value terms across both fixed and variable rate instruments against a combined pre-auction target of Rs350bn, through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,571.27 436.67M | 1.06% 1878.35 |
| ALLSHR | 108,600.94 844.23M | 1.00% 1073.54 |
| KSE30 | 53,548.42 162.02M | 0.99% 525.53 |
| KMI30 | 256,725.70 154.74M | 0.76% 1936.43 |
| KMIALLSHR | 70,620.69 563.61M | 0.98% 683.55 |
| BKTi | 48,625.03 36.31M | 1.37% 658.39 |
| OGTi | 37,179.52 8.29M | 0.94% 345.85 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 60,100.00 | 60,895.00 58,945.00 | 105.00 0.18% |
| BRENT CRUDE | 72.36 | 73.39 71.89 | 0.37 0.51% |
| RICHARDS BAY COAL MONTHLY | 103.50 | 0.00 0.00 | 0.30 0.29% |
| ROTTERDAM COAL MONTHLY | 113.35 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.96 | 70.97 69.32 | 0.73 1.05% |
| SUGAR #11 WORLD | 14.55 | 0.00 0.00 | 0.04 0.28% |
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