MG Morning Breeze: Updates to Skim before Market
MG News | August 07, 2026 at 08:39 AM GMT+05:00
August 07, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government has reduced the price of petrol by Rs3.19 per litre and High Speed Diesel (HSD) by Rs1.50 per litre, effective August 07, 2026. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13.1 million WoW to $17.04 billion during the week ended on July 31, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
Delegations from member states of the Shanghai Cooperation Organization (SCO) participated in a joint cyber counter-terrorism exercise in Urumqi, located in northwest China's Xinjiang Uygur Autonomous Region. Read more
Honda Motor Co. has developed a highly dexterous robotic hand, marking the company's return to robotics with a new industrial focus following the retirement of its once-iconic ASIMO humanoid robot, with plans to commercialise the multi-fingered system in the early 2030s for use in manufacturing as labor shortages intensify. Read more
Dubai has secured second place globally in the Intelligent Cities Index published by the Boston Consulting Group (BCG), which evaluated 61 cities across 39 countries, reaffirming the emirate's global leadership in harnessing advanced technologies and AI to enhance quality of life, elevate government services and facilitate business. Read more
The SCRA balance increased by Rs.681.48 million during the week ending Jul 31, 2026 to close at Rs.27.97 billion. Read more
China's new energy vehicle (NEV) industry is transitioning from a focus on product exports to advancing localized operations and ecosystem-driven shared development, as the country's automakers move beyond simply loading vehicles onto outbound vessels toward technology licensing, local manufacturing and deep brand building in overseas markets. Read more
Pakistan and Australia have reaffirmed their commitment to expanding bilateral cooperation, with discussions focusing on strengthening ties in trade, people-to-people exchanges, and other areas of mutual interest. Read more
The State Bank of Pakistan (SBP) Rawalpindi on Thursday held a consultative session to support the implementation of the Prime Minister's Housing Programme, "Ghar Ho Tou Apna, Apna Ghar Programme", and discuss challenges affecting its execution. Read more
Pakistan and China reiterated their commitment to further deepening their all-weather strategic partnership, with Prime Minister Shehbaz Sharif emphasising the need to broaden bilateral engagement beyond government-to-government channels. Read more
The Pakistani rupee posted a marginal gain against the US dollar in the interbank market on Thursday, appreciating by 2.90 paisa to close at Rs277.72 per dollar, compared with the previous closing level of Rs277.75. Read more
The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index gaining nearly 1,762 points as broad-based buying persisted across heavyweight sectors, led by commercial banks, oil & gas exploration, cement, fertilizer, and power stocks. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs449,236 per tola, up Rs11,300. Read more
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a Memorandum of Understanding (MoU) in Islamabad to enhance bilateral trade and economic cooperation between Pakistan and Iran. Read more
WorldCall Telecom Limited (PSX:WTL) has released a set of Frequently Asked Questions (FAQs) to address queries from shareholders and market participants regarding its ongoing capital restructuring scheme, following disclosures made to the Pakistan Stock Exchange (PSX) on July 31, 2026 regarding the reduction of share capital and a subsequent share split. Read more
Nishat Group has assembled a 7-company consortium to chase FESCO, staking an early claim in what could become one of Pakistan's most closely watched power-sector privatisations in years. Read more
Pakistan is set to deepen law enforcement cooperation, with a move to establish a China-style Law Enforcement Investigation Centre as part of a broader package of policing reforms unveiled by Interior Minister Mohsin Naqvi. Read more
Company incorporations in Pakistan hit an all-time monthly high for the second consecutive time in July 2026, with 5,438 new companies registered the highest tally in the Securities and Exchange Commission of Pakistan's history, following an already record-setting June. Read more
MCB Bank Limited (PSX: MCB) reported a mild 4% decline in its consolidated net profit for the half-year ended June 30, 2026 (1HCY26), recording Rs28.10bn compared to Rs29.39bn in the corresponding period last year. Read more
Oil prices declined on Thursday as investors weighed reports of progress in talks between Iran and Oman that could help pave the way for a broader U.S.-Iran peace agreement and the reopening of the Strait of Hormuz, easing concerns over global energy supplies. Read more
Meezan Bank Limited (PSX: MEBL) recorded a 3% increase in its consolidated net profit for the six months ended June 30, 2026, with profit after taxation climbing to Rs48.64bn from Rs47.14bn in the corresponding period last year. Read more
The Government of Pakistan has reappointed Rehmat Ali Hasnie as President and Chief Executive Officer (CEO) of the National Bank of Pakistan (NBP) for a period of two weeks, effective August 7, 2026, or until the new President/CEO assumes office, whichever is earlier. Read more
Prime Minister Muhammad Shehbaz Sharif departed on Thursday for a three-day official visit to Saudi Arabia, where he is scheduled to hold talks with the Kingdom's leadership on strengthening bilateral relations and discussing key regional and international developments. Read more
Crescent Star Technologies (Pvt.) Ltd (CST), a member of the Crescent Star Insurance Limited (CSIL) Group, is entering its next phase of growth as the Group's dedicated technology and digital innovation company. Read more
Federal and Sindh authorities have agreed to introduce coordinated efforts to combat marine pollution, protect coastal ecosystems and strengthen the blue economy. Read more
Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $24.28bn, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more
S.G. Power Limited (PSX:SGPL) has secured approval from the Securities and Exchange Commission of Pakistan (SECP) for its name change to Crestwell Healthcare Limited, with the SECP issuing the Certificate of Incorporation on Change of Company Name effective August 06, 2026. Read more
Faysal Bank Limited (PSX: FABL) reported a virtually flat consolidated net profit of Rs10.35bn for the half-year ended June 30, 2026 (1HCY26), dipping slightly by 0.7% compared to Rs10.42bn in the corresponding period last year. Read more
The Bank of Punjab (BOP) has received in-principle approval from the State Bank of Pakistan (SBP) for the establishment of an Overseas Wholesale Banking Unit in the Kingdom of Bahrain, subject to obtaining all requisite approvals from the relevant regulatory authorities in Pakistan and Bahrain, and compliance with the applicable laws, rules, regulations, and conditions stipulated by the SBP. Read more
Pakistan and Denmark have entered a new phase of energy cooperation with the signing of a Memorandum of Understanding to launch the Strategic Sector Cooperation (SSC) Programme, a government-to-government initiative aimed at accelerating Pakistan's green energy transition through direct technical assistance from Danish experts to federal energy authorities. Read more
The Special Investment Facilitation Council (SIFC) has resolved long-standing issues surrounding the Barite-Lead-Zinc (BLZ) Project in Khuzdar, unlocking a strategic investment of $200 million and to advance Pakistan's push to develop its mineral resources. Read more
Gold prices climbed to a seven-week high, buoyed by a weaker dollar, falling Treasury yields, and growing optimism over a potential reopening of the Strait of Hormuz. Read more
Pakistan and the Netherlands have reaffirmed their commitment to expanding bilateral trade, investment and business partnerships, with both sides emphasizing stronger collaboration between the private sector and government institutions to unlock untapped economic potential. Read more
Pakistan and Iran have agreed to explore new avenues for bilateral trade, joint investment, and economic cooperation, with discussions focusing on improving connectivity, expanding trade routes, and promoting investment across multiple sectors. Read more
Japan's government has cleared a plan to cut the consumption tax on food items from 8% to just 1% for a two-year period starting April 2027, which marks the first reduction in the sales tax since it was introduced in 1989. Read more
The Government of Pakistan raised a combined Rs170.976bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System, against its combined pre-auction target of Rs125bn. Read more
Strengthening connections between industry, innovation, investment and entrepreneurship is vital for Pakistan's economic transformation and long-term global competitiveness, President of the Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, said on Wednesday. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more
Asian stock markets traded lower on Thursday, led by a broad selloff in technology shares after weakness in U.S. chipmakers weighed on investor sentiment overnight. Read more
Engro Fertilizers Limited (PSX:EFERT) expects its urea market share to rebuild toward historical levels as seasonal agricultural demand accelerates and an estimated annual nationwide demand of 6.5 to 6.6 million tons absorbs current industry inventories. Read more
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| KSE100 | 181,137.11 47.23M | -0.35% -639.48 |
| ALLSHR | 109,027.70 85.38M | -0.26% -280.80 |
| KSE30 | 54,150.20 18.39M | -0.44% -241.62 |
| KMI30 | 254,969.41 15.61M | -0.46% -1165.36 |
| KMIALLSHR | 69,813.76 49.69M | -0.30% -210.57 |
| BKTi | 52,169.84 7.20M | -0.38% -197.88 |
| OGTi | 35,142.02 0.44M | -0.46% -160.81 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,450.00 | 64,685.00 64,325.00 | -170.00 -0.26% |
| BRENT CRUDE | 83.72 | 83.86 83.06 | 1.23 1.49% |
| RICHARDS BAY COAL MONTHLY | 107.75 | 0.00 0.00 | 2.20 2.08% |
| ROTTERDAM COAL MONTHLY | 116.25 | 116.50 116.25 | 0.20 0.17% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 78.30 | 78.42 77.73 | 1.01 1.31% |
| SUGAR #11 WORLD | 15.58 | 15.60 14.98 | 0.43 2.84% |
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