MG Morning Breeze: Updates to Skim before Market
MG News | July 24, 2026 at 08:37 AM GMT+05:00
July 24, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Oil and Gas Regulatory Authority (OGRA) has increased the ex-depot price of petrol (Motor Spirit) by Rs4.40 per litre to Rs331.52, and High-Speed Diesel (HSD) by Rs3.62 per litre to Rs378.66, effective July 24, 2026. Read more
Oil prices surged past $100 per barrel late on Thursday, reaching their highest level in nearly two months, after Yemen's Houthi forces said they had attacked two Saudi oil tankers in the Red Sea, widening the conflict beyond the Strait of Hormuz and deepening fears of a broader supply disruption. Read more
The SCRA balance decreased by Rs556.50m during the week ending Jul 17, 2026 to close at Rs 27.37billion. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $32.8 million or 0.19% WoW to $17.26 billion during the week ended on July 17, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
Pakistan's broad money supply (M3) continued to expand in June 2026, posting a fresh monthly increase and extending the annual uptrend, as growth in transferable deposits and other deposits pushed liquidity higher across the board. Read more
Pakistan has suffered more than $150 billion in economic losses and lost over 90,000 lives due to terrorism, Deputy Prime Minister and Foreign Minister Senator Ishaq Dar said on Thursday. Read more
Saudi Arabia has retained its position as the leading country in the Middle East and North Africa (MENA) in the 2025 Government Electronic and Mobile Services Maturity Index (GEMS), published by the United Nations Economic and Social Commission for Western Asia (ESCWA), marked its fourth consecutive year at the top. Read more
The Khyber Pakhtunkhwa government has launched the Khyber Pakhtunkhwa Digital Transformation Policy and Roadmap 2030, built around five strategic pillars, nine key objectives, 32 thematic domains, and 915 strategic interventions aimed at modernising public services and promoting a digital economy. Read more
The State Bank of Pakistan (SBP) has appointed 10 banks as Primary Dealers (PDs) and two institutions as Special Purpose Primary Dealers (SPDs) for fiscal year 2026-27, following an evaluation of applications received from eligible institutions. Read more
Pakistan Railways generated a record revenue of Rs115bn during fiscal year 2025-26, registering a 24.2% increase in overall earnings, with the operating ratio improving from 96% to 84% over the period. Read more
The Rice Exporters Association of Pakistan (REAP) delegation concluded its visit to China by securing orders for 60,000 metric tons of Pakistani rice from leading Chinese buyers in Guangzhou and Shenzhen, marking a significant outcome of its trade promotion activities. Read more
Sitara Petroleum Service Limited (PSX: SPSL) has clarified that certain media and social media reports currently in circulation relate to companies belonging to the Sitara Group of Industries, including Sitara Energy Limited and Sitara Chemical Industries Limited, and do not pertain to SPSL. Read more
The Pakistan Stock Exchange (PSX) extended its losing streak on Thursday, with the benchmark KSE-100 Index coming under heavy selling pressure amid escalating geopolitical tensions and a sharp rise in global oil prices. Read more
The Pakistani rupee remained broadly stable against the US dollar on Thursday, ending the interbank session marginally stronger at PKR 277.90 per USD, up 1.18 paisa from the previous close. Read more
Waves Home Appliances Limited (PSX: WAVESAPP) will raise its paid-up capital by issuing 150,015,772 right shares, its Board of Directors decided at a meeting held on 23 July 2026. Read more
Air Link Communication Limited (PSX:AIRLINK) is to establish an electric bike manufacturing project under its own brand, AirV, after the Company's Board of Directors approved the initiative. Read more
Nestlé Pakistan Limited (PSX: NESTLE) reported a 4% decline in its net profit for the six months ended June 30, 2026, with profit after taxation slipping to Rs9.98bn from Rs10.42bn in the corresponding period last year. Read more
Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs432,036 per tola, down Rs1,800. Read more
Pakistan and Türkiye have agreed to develop and launch joint programmes ahead of COP31, with a particular focus on electric vehicles (EVs), electrification, energy efficiency, and strengthening the recycling industry. Read more
Pakistan and the United Kingdom have agreed to deepen bilateral trade ties, boost business-to-business cooperation and explore elevating their current Trade Dialogue into a more structured economic and trade framework, complete with defined sectors, working groups and implementation timelines. Read more
Prime Minister Shehbaz Sharif held a telephone conversation on Thursday morning with Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud. Read more
The total deposits held by scheduled banks have moved up by 15.18% YoY to Rs40.89 trillion in June 2026 compared to Rs35.5tr in June 2025. Read more
Meta is to train 1,000 small and medium-sized enterprises (SMEs) across Pakistan in digital business and artificial intelligence (AI) under its Small Business Growth Academy, a programme set to run between August and November 2026 covering Meta's digital platforms, AI-powered business tools, and online marketing strategies. Read more
Pakistan and Oman have reaffirmed their commitment to expanding bilateral ties by increasing high-level engagements, promoting trade and investment, strengthening business partnerships, enhancing people-to-people exchanges, and maintaining close coordination at multilateral forums. Read more
Pakistan Stock Exchange (PSX) has accepted the request for voluntary delisting of Shield Corporation Limited and will delist the company from the exchange with effect from Monday, July 27, 2026, in exercise of powers vested in it under PSX Regulation No. 5.14 and Section 19(5) of the Securities Act, 2015. Read more
Petrol and diesel prices are now moving every single day. Motor Spirit (MS) and High Speed Diesel (HSD) rates changed on three straight days this week from Rs315.80 and Rs360.06 per litre on July 21, to Rs320.73 and Rs367.21 on July 22, to Rs327.12 and Rs375.04 on July 23. Read more
Sitara Energy Limited (PSX:SEL) has clarified that a recently registered First Information Report (FIR) by the Federal Investigation Agency (FIA), which names the company's Chief Executive Officer, pertains to a discontinued Power Purchase Agreement (PPA) with Faisalabad Electric Supply Company (FESCO) rather than any ongoing business activity, and that the company's operations remain unaffected. Read more
Business confidence in Pakistan recovered during the second quarter of 2026, with companies reporting improved current conditions and stronger expectations for the year ahead, according to the latest Business Confidence Index released by Gallup Pakistan. Read more
Nestle Pakistan Limited (PSX: NESTLE) will be part of a proposed global transaction under which its majority shareholder, Nestlé S.A., and Platinum Equity will establish Peranel, a 50/50 joint venture for Nestlé's waters and premium beverages business. Read more
Bestway Cement Limited (PSX: BWCL) reported a solid 7% increase in its consolidated net profit for the year ended June 30, 2026, recording Rs25.57bn compared to Rs23.86bn in the preceding year. Read more
Bestway Cement Limited (PSX: BWCL) has apprised the bourse that the Board of Directors of Bestway Automotive (Private) Limited (BAL), a subsidiary of BCL, decided in its meeting held on July 22, 2026 to increase its paid-up capital by issuing further shares to existing shareholders. Read more
Master Auto Engineering (MAE), a company of Master Group of Industries and the official manufacturer and distributor of Chery vehicles in Pakistan, has announced measures to relieve the impact of the recently revised Sales Tax (ST) for customers purchasing its locally assembled Chery Super Hybrid (CSH) lineup until 31 July 2026. Read more
Gold prices traded little changed on Thursday after touching a two-week high in the previous session, as escalating tensions in the Middle East boosted oil prices and heightened inflation concerns, while investors awaited next week's U.S. Federal Reserve policy meeting for signals on future interest rates. Read more
The Government of Pakistan raised a combined Rs250.4bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System, surpassing its combined pre-auction target of Rs125bn. Read more
Oil prices climbed on Thursday, reaching their highest level in over six weeks, after Yemen's Houthi forces struck tankers in the Red Sea and Washington carried out another wave of strikes against Iran. Read more
Pakistan and the International Monetary Fund (IMF) reviewed the country's macroeconomic performance and progress under the Extended Fund Facility (EFF), the Resilience and Sustainability Facility (RSF) and the broader Fund-supported reform programme. Read more
Pakistan and the United States have agreed to deepen economic cooperation by developing a strategic framework aimed at supporting long-term investment projects and expanding bilateral trade. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more
Prime Minister Muhammad Shehbaz Sharif has called on universities, research centres, startups, industries and farmers to come together under one national innovation ecosystem, urging that the knowledge behind emerging technologies remain indigenous, locally owned and continuously advanced within Pakistan. Read more
Asian markets traded higher on Thursday, with investors weighing escalating tensions between the United States and Iran while gearing up for another round of corporate earnings. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,533.25 8.71M | -0.70% -1206.20 |
| ALLSHR | 103,555.41 19.58M | -0.68% -703.82 |
| KSE30 | 50,829.57 4.83M | -0.76% -387.19 |
| KMI30 | 239,858.74 3.64M | -0.63% -1531.93 |
| KMIALLSHR | 66,393.42 11.16M | -0.55% -364.92 |
| BKTi | 48,530.88 2.65M | -0.99% -486.21 |
| OGTi | 33,764.63 0.22M | -0.42% -143.19 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 65,500.00 | 65,515.00 64,775.00 | 645.00 0.99% |
| BRENT CRUDE | 100.63 | 101.19 99.60 | -0.06 -0.06% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.85 -1.72% |
| ROTTERDAM COAL MONTHLY | 120.35 | 121.10 120.25 | -0.55 -0.45% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.95 | 92.83 91.16 | -0.24 -0.26% |
| SUGAR #11 WORLD | 14.68 | 14.90 14.65 | -0.06 -0.41% |
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