MG Morning Breeze: Updates to Skim before Market

August 28, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SCRA balance rises Rs81m to Rs26.5bn

The SCRA balance increased by Rs81.37 million during the week ending Aug 21, 2026 to close at Rs26.50 billion. Read more

• SBP reserves rise $17m to $17bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $16.6 million or 0.10% WoW to $17.1 billion during the week ended on August 21, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• Petrol price cut by Rs0.50, diesel down Rs0.19

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs0.19 per litre and Motor Spirit (petrol) by Rs0.50 per litre, effective August 28, 2026. Read more

• Jazz crosses 1,000 5G sites, eyes 2,500 by year-end

Jazz has become the first operator in Pakistan to reach 1,000 live 5G sites, completing what the company describes as the fastest 5G rollout in the country and giving it the largest 5G network footprint nationwide. Read more

• APAG IPO fully subscribed on first day

The Initial Public Offering (IPO) of Agro Processors & Atmospheric Gases Limited (APAG) has been fully subscribed on the very first day, reflecting strong investor interest in the company's public offering. Read more

• SRVI profit jumps 24% to nearly Rs10bn in 1HCY26

Service Industries Limited (PSX: SRVI) recorded a 24% increase in its consolidated net profit for the half year ended June 30, 2026, with profit after taxation climbing to Rs9.69bn from Rs7.84bn in the corresponding period last year. Read more

• PSX Closing Bell: A Little Offbeat

The benchmark KSE-100 Index concluded Thursday’s trading session at 177,322.77, showing a decrease of 47.93 points or 0.03%. Read more

• UPFL profit soars 40% to Rs4bn in 1HCY26

Unilever Pakistan Foods Limited (PSX: UPFL) recorded a 40% increase in its net profit for the half year ended June 30, 2026, with profit after tax climbing to Rs4.34bn from Rs3.09bn in the corresponding period last year. Read more

• DGKC FY26 profit jumps 25%

D.G. Khan Cement Company Limited (PSX: DGKC) reported a 25% increase in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs12.17bn compared to Rs9.76bn in the preceding year. Read more

• PKR continues positive run against USD

The Pakistani rupee recorded a marginal gain against the US dollar in Thursday's interbank session, appreciating by 0.82 paisa to close at PKR 277.51 per dollar, compared with the previous closing of PKR 277.52. Read more

• GHGL FY26 profit surges 22%

Ghani Glass Limited (PSX: GHGL) reported a 22% increase in its net profit for the fiscal year ended June 30, 2026, reaching Rs7.23bn compared to Rs5.90bn in the preceding year. Read more

• SGF profit more than doubles to nearly Rs2.5bn in 1HCY26

Service Global Footwear Limited (PSX: SGF) recorded a 116% increase in its consolidated net profit for the half year ended June 30, 2026, with profit after taxation more than doubling to Rs2.47bn from Rs1.14bn in the corresponding period last year. Read more

• Sazgar profit soars 44% to Rs24bn, declares Rs20 final dividend

Sazgar Engineering Works Limited (PSX: SAZEW) recorded a 44% increase in its net profit for the year ended June 30, 2026, with net profit for the year climbing to Rs23.60bn from Rs16.34bn in the corresponding period last year. Read more

• Highnoon Labs profit rises 3% to around Rs2bn in 1HCY26

Highnoon Laboratories Limited (PSX: HINOON) recorded a 3% increase in its net profit for the half year ended June 30, 2026, with profit after tax for the period rising to Rs1.78bn from Rs1.74bn in the corresponding period last year. Read more

• Gold price in Pakistan falls Rs3,500 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs483,036 per tola, down Rs3,500. Read more

• NBP profit falls 24% to around Rs33bn in 1HCY26

National Bank of Pakistan (PSX: NBP) recorded a 24% decline in its net profit for the half year ended June 30, 2026, with profit after taxation falling to Rs32.84bn from Rs43.08bn in the corresponding period last year. Read more

• PAEL profit nearly hits Rs3bn in 1HFY26

Pak Elektron Limited (PSX: PAEL) recorded an 11% increase in its net profit for the half year ended June 30, 2026, with profit after income taxes climbing to Rs2.62bn from Rs2.37bn in the corresponding period last year. Read more

• WAVESAPP reaffirms compliance for rights issue

Waves Home Appliances Limited (PSX: WAVESAPP) has reaffirmed its compliance with CDC and PSX procedures relating to its Rights Shares issue, confirming that the unpaid right amount in book-entry form will be deposited within the timeframe stipulated under the CPC procedure and PSX regulations. Read more

• WAFI 1HCY26 profit rises 19%

Wafi Energy Pakistan Limited (PSX: WAFI) reported a 19% increase in its net profit for the half-year ended June 30, 2026 (1HCY26), recording Rs1.52bn compared to Rs1.28bn in the corresponding period last year. Read more

• Mobiz sets up regional office in Karachi

Chairman Securities and Exchange Commission of Pakistan (SECP), Dr. Kabir Ahmed Sidhu, welcomed the establishment of a regional office in Pakistan by Mobiz, a Pakistani-owned technology company based in Silicon Valley, USA. Read more

• HUBC profit rises 9% to Rs56bn, declares Rs5 dividend

The Hub Power Company Limited (PSX: HUBC) recorded a 9% increase in its consolidated net profit for the year ended June 30, 2026, with net profit for the year climbing to Rs56.26bn from Rs51.77bn in the corresponding period last year. Read more

• SSGC Board directed to formulate reform strategy with special focus on UFG control

The government has directed the Board of Sui Southern Gas Company Limited (SSGCL) to develop a comprehensive strategy and sustainable business model, with special focus on controlling unaccounted-for-gas (UFG), to transform the company into a financially viable organization while keeping public service as the foremost priority. Read more

• Gold retreats from peak but $4,600 support intact

Gold prices edged higher on Thursday as concerns over currency debasement continued to support the metal, with market focus turning to closely watched comments expected from Federal Reserve Chair Kevin Warsh later this week. Read more

• APL FY26 profit jumps 63%, declares Rs40 final cash dividend

Attock Petroleum Limited (PSX: APL) recorded a 63% increase in its net profit for the year ended June 30, 2026, with profit for the year climbing to Rs16.96bn from Rs10.39bn in the corresponding period last year. Read more

• POL profit soars 47%, declares Rs72.5 final dividend

Pakistan Oilfields Limited (PSX: POL) recorded a 47% increase in its net profit for the year ended June 30, 2026, with profit for the year climbing to Rs33.84bn from Rs22.99bn in the corresponding period last year. Read more

• Attock Refinery pumps out Rs15 dividend

Attock Refinery Limited (PSX: ATRL) reported a remarkable 3x (191%) surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs26.06bn compared to Rs8.95bn in the preceding year. Read more

• NRL returns to profit with Rs6.16bn earnings in FY26

National Refinery Limited (PSX: NRL) swung to a net profit of Rs6.16bn for the year ended June 30, 2026, reversing a loss of Rs14.87bn recorded in the corresponding period last year a complete earnings turnaround driven by a dramatic improvement in refining margins. Read more

• Systems Limited 1HCY26 profit rises 17%

Systems Limited (PSX: SYS) reported a 17% increase in its consolidated net profit for the half-year ended June 30, 2026 (1HCY26), reaching Rs6.05bn compared to Rs5.15bn in the corresponding period last year. Read more

• Oil extends losses amid Strait of Hormuz reopening hopes

Oil prices declined on Thursday, extending their recent losing streak amid growing expectations that diplomatic efforts involving Iran could pave the way for the reopening of the Strait of Hormuz and ease supply disruptions caused by the Middle East conflict. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more

• Asian markets surge on Nvidia-fueled tech rally

Asian markets traded mostly higher on Thursday, buoyed by a rally in technology stocks after Nvidia posted stronger-than-expected quarterly results and issued an upbeat revenue outlook. Read more

• Systems bets big on AI, global expansion

Systems Limited (PSX: SYS) expects to sustain its growth momentum through a healthy backlog, targeted acquisitions, expansion into new service lines and rising enterprise demand for artificial intelligence (AI), according to the company’s latest financial review. Read more

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