MG Morning Breeze: Updates to Skim before Market
MG News | August 18, 2026 at 06:25 AM GMT+05:00
August 18, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs6.47 per litre and Motor Spirit (petrol) by Rs5.77 per litre, effective August 18, 2026. Read more
NBP Financial Sector Fund (NFSF), managed by NBP Fund Management Limited, closed FY2026 (July 2025–June 2026) as the top-performing conventional stock fund in its category, delivering a 70.4% return against its KSE-30 Total Return Index benchmark's 49.4%, an outperformance of roughly 21 percentage points, according to the fund's own June 2026 Fund Manager's Report filed under MUFAP's standardized format. Read more
The Government of Pakistan has reaffirmed its commitment to advancing a cashless economy and accelerating digital financial inclusion across the country. Read more
Pakistan's budget transparency score has climbed from 30 out of 100 in 2023 to 45 out of 100 in 2025, a 50% improvement over two years that brings the country level with the global average, according to the Open Budget Survey 2025 released by the International Budget Partnership (IBP). Read more
Chinese researchers have launched Fengshu 2.0, an upgraded artificial intelligence model designed specifically for soybean research and breeding, at a national soybean research symposium, according to Anhui Agricultural University in Hefei, Anhui Province. Read more
LSE SPAC-II Limited's (PSX:SPAC2) Board of Directors recommended a proposed investment in M.P. Industries Limited (MPIL), approving an investment of approximately Rs180mn through subscription of 269,000 ordinary shares of MPIL at Rs669.14 per share, resulting in SPAC2 holding approximately 15% of the post-issue paid-up share capital of MPIL. Read more
The Pakistani rupee strengthened by 2.94 paisa against the US dollar in Monday’s interbank trading, settling at PKR 277.62 compared with the previous close of PKR 277.65. Read more
The Pakistan Stock Exchange (PSX) closed Monday's session marginally higher, with the benchmark KSE-100 Index gaining nearly 398 points as strong buying in oil & gas marketing, exploration and refinery stocks offset losses in banks, cement and fertilizer sectors. Read more
Service Industries Limited (PSX: SRVI) will observe a single-day book closure on Saturday, August 22, 2026, to give effect to the change in the face value of its shares from Rs10 to Rs1. 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 Rs12.56 trillion into the market, of which Rs11.93tr were injected through reverse repo OMO. Read more
The Oil and Gas Regulatory Authority (OGRA) is advancing the digitalization of Pakistan’s oil supply chain by integrating data from oil marketing companies (OMCs) and refineries through Enterprise Resource Planning (ERP) systems and monitoring petroleum stocks through Automatic Tank Gauging (ATG) sensors. Read more
Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs461,936 per tola, up Rs2,000. Read more
Gharibwal Cement Limited (PSX) has temporarily stopped clinker production after the kiln ID fan was damaged during operation. Read more
Riyadh Air commenced direct services between Riyadh and Islamabad on August 14, with services to Lahore scheduled to begin on August 18, marking the launch of the airline's operations in Pakistan. Read more
The Federal Constitutional Court has allowed corporate taxpayers to adjust tax credits against super tax, overturning an Islamabad High Court ruling that had rejected the relief sought by Zong. Read more
Service Long March Tyres Limited (PSX: SLM) reported a strong 35% increase in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs13.50bn compared to Rs10.03bn in the preceding year. Read more
Pakistan and Egypt agreed to further strengthen bilateral cooperation in agriculture, food security and modern farming technologies, with both sides identifying cotton, irrigation, seed development, biotechnology and climate-smart agriculture as key areas for collaboration. Read more
AI is transforming industries at an unprecedented pace, but its full potential can only be unlocked if the connectivity infrastructure powering it keeps up. Yet, the network remains one of the most overlooked pieces of the AI puzzle. Read more
Agritech Limited (PSX: AGL) has resumed production at its Urea Plant after Sui Northern Gas Pipelines Limited (SNGPL) restored gas supply, according to the company's statement issued today. Read more
Avanceon Limited (PSX: AVN) has successfully secured $6.3 million worth of orders for its Fuel Retail Business from some of the largest Oil Marketing Companies in Pakistan. Read more
Tasdeeq Information Services Limited's Initial Public Offering (IPO) received applications for a total of 812,907,000 shares against an issue size of 37,500,000 shares, reflecting an oversubscription of nearly 21.68 times. Read more
The Securities and Exchange Commission of Pakistan (SECP) has established a dedicated Corporate Debt Market Desk to promote the corporate debt market and facilitate capital raising through debt instruments. Read more
The government is to establish a 400-acre apparel zone at Port Qasim, eyeing over 138,000 jobs and annual exports of nearly $2.2bn in the first phase, according to project projections. Read more
Ghandhara Industries Limited (PSX: GHNI) has entered into a strategic partnership with UD Trucks Corporation, a global truck manufacturer, to market and distribute CBU units of UD Trucks in Pakistan. Read more
Gold prices moved higher on Monday, supported by a softer US dollar and recent weak economic data that dampened expectations of a US interest rate hike next month. Read more
Pakistan Petroleum Limited (PSX:PPL), operator of the Sirani Exploration License holding 75% Working Interest (WI), along with Joint Venture Partner Government Holdings (Private) Limited (GHPL) holding 25% WI, made a gas discovery from its exploration well Dolphin X-1, located in District Sujawal, Sindh Province. Read more
US President Donald Trump praised Saudi Arabia, Turkey, and Pakistan for signing the Mecca Joint Defence Agreement, calling it proof that the Middle East is coming together and that the three nations will now be able to defend themselves more meaningfully. Read more
Pakistan, Bangladesh and Sri Lanka face renewed pressure from elevated global oil prices tied to the Middle East conflict, though all three economies now carry stronger buffers than during the 2022 energy shock, when a Sri Lankan sovereign default coincided with devastating floods in Pakistan, according to a Moody's assessment. Read more
The government is set to extend the standard Defect Liability Period for public development projects from the current one year to three years, with a clear roadmap for a further extension to five years, aimed at making public infrastructure cost-effective and highly durable. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
Oil prices were little changed in early Monday trading after tanker movements through the Strait of Hormuz declined over the weekend, raising concerns about potential supply disruptions amid the ongoing conflict between the United States and Iran. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) staged a remarkable financial turnaround for the half-year ended June 30, 2026 (1HCY26), reporting a consolidated net profit of Rs1.63bn. Read more
Asian markets opened mixed on Monday as investors weighed weaker-than-expected Japanese economic growth against gains in Chinese and Hong Kong equities, while Australia traded lower. Read more
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|---|---|---|
| KSE100 | 180,502.45 511.22M | 0.22% 397.83 |
| ALLSHR | 109,207.14 1,043.40M | 0.34% 369.08 |
| KSE30 | 53,761.19 116.20M | 0.29% 157.61 |
| KMI30 | 254,618.01 136.98M | 0.64% 1629.75 |
| KMIALLSHR | 70,172.36 728.56M | 0.55% 383.01 |
| BKTi | 51,777.91 14.76M | -0.31% -161.28 |
| OGTi | 36,223.66 17.36M | 1.49% 531.77 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,420.00 | 64,685.00 64,340.00 | 10.00 0.02% |
| BRENT CRUDE | 91.28 | 91.28 90.64 | 0.41 0.45% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -0.45 -0.41% |
| ROTTERDAM COAL MONTHLY | 122.25 | 122.60 122.25 | 0.35 0.29% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 84.21 | 84.51 83.77 | 1.81 2.20% |
| SUGAR #11 WORLD | 16.90 | 16.96 16.47 | 0.30 1.81% |
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