MG Morning Breeze: Updates to Skim before Market
MG News | October 20, 2026 at 07:54 AM GMT+05:00
October 20, 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, reducing the price of High-Speed Diesel (HSD) by Rs7.69 per litre and Motor Spirit (petrol) by Rs5.16 per litre, effective October 20, 2026. Read more
AKD Securities Limited has been recognized as Pakistan’s Best Retail Broker at the Euromoney Markets Awards 2026. Read more
The government has reviewed a proposed restructuring and deregulation plan for Pakistan’s gas sector, aimed at addressing circular debt, reducing system losses, improving operational efficiency and encouraging private-sector investment. Read more
Foreign investors’ repatriation of profit and dividend stood at $306.8m in September 2026, rising 3.58% on a month-on-month (MoM) basis compared with $296.2m in August 2026, and up 92.96% on a year-on-year (YoY) basis against $159m repatriated in the same month last year, the latest data issued by the State Bank of Pakistan (SBP) revealed. Read more
The return on bank deposits has increased by 12 basis points to 4.29% in September 2026 compared to the deposit rate of 4.17% last month, according to the latest official data. Read more
Gold price in Pakistan remained unchanged on Monday, with 24-karat gold being sold at Rs439,036 per tola, unchanged from the previous session. Read more
Sui Southern Gas Company Limited (PSX:SSGC) plans to spend Rs1.922bn in FY2026-27 on extending its gas network to 46 villages and towns in Sanghar and Shikarpur districts of Sindh, laying 178.52 kilometres of pipelines to serve 2,710 prospective consumers under the sixth phase of its gasification programme. Read more
Ghani Chemworld Limited (PSX: GCWL) has clarified that it holds sufficient inventory to meet domestic sales requirements despite suspending production amid disruptions to export and import activities. Read more
The benchmark KSE-100 Index closed Monday's trading session at 165,966.08, shedding 453.63 points or 0.27%, as profit-taking in heavyweight stocks snapped the market's three-session winning streak. Read more
Profit after taxation of National Refinery Limited (PSX: NRL) rose more than 11-fold to Rs11.57bn for the quarter ended September 30, 2026 (1QFY27), compared with Rs1.03bn in the same period last year. Read more
Engro Fertilizers Limited (PSX: EFERT) reported a 14% surge in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs16.24bn compared to Rs14.27bn in the corresponding period last year. Read more
The Securities and Exchange Commission of Pakistan (SECP) will conduct a comprehensive investigation into the accuracy and completeness of information provided in the prospectus of SE Fruits and Vegetable Limited’s initial public offering (IPO), Chairman Dr. Kabir Sidhu said. Read more
The Pakistani rupee strengthened marginally against the US dollar in the interbank market on Monday, gaining 0.93 paisa to close at PKR 276.90, compared with the previous session's closing rate of PKR 276.91. Read more
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar departed for Dushanbe, Tajikistan, to lead Pakistan’s delegation to the Shanghai Cooperation Organization (SCO) Council of Heads of Government (CHG) meeting scheduled for October 19–20, 2026. Read more
China State Construction Engineering Corporation Ltd has been picked to rehabilitate sections of National Highway N-5 in Sindh under a $100mn Chinese grant-funded project of the National Highway Authority (NHA), with the contract now drafted and ready for signing after the Executive Committee of the National Economic Council (ECNEC) cleared the project on February 27, 2026. Read more
Legal immigration to the United States has fallen by nearly half following sweeping visa restrictions imposed by the Trump administration, with immigrant visa issuances dropping to 26,000 in February from a pre-administration monthly average of 52,000, The New York Times reported, citing the latest available government data. Read more
Ghani Chemworld Limited (PSX:GCWL)has suspended its production activities because it can no longer fulfil its export orders, citing unrest affecting maritime routes in the Middle East and congestion at ports. Read more
Pakistan has already shown that poverty can be cut by more than half. Between 2005–06 and 2018–19, the national poverty rate fell from 50.4% to 21.9%. Yet, by 2024–25, it had climbed back to 28.9%. Why did we succeed before, what went wrong, and what must the government do to repeat that success? Read more
Pakistan’s economy grew by 3.65% in FY26, slightly below the previously estimated 3.70%, while GDP growth stood at 2% in the fourth quarter, according to updated national accounts estimates approved by the National Accounts Committee (NAC). Read more
The Central Power Purchasing Agency Guarantee Limited (CPPA-G) has projected the power purchase price (PPP) for calendar year 2027 at Rs3.55tr, or Rs27.309/kWh, in its base case. Read more
The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Ghandhara Automobiles Limited (PSX: GAL) to A+ from A, while maintaining its short-term rating at A1 and outlook at Stable. Read more
PACRA has maintained the entity ratings of Ghandhara Industries Limited (PSX: GHNI) at A+ for the long term and A1 for the short term, while revising the outlook to Positive from Stable. Read more
Mughal Iron & Steel Industries Limited (PSX:MUGHAL) has had its entity ratings maintained at ‘A+’ for the long term and ‘A1’ for the short term with a stable outlook, according to the Pakistan Credit Rating Agency Limited (PACRA). Read more
Pakistan’s foreign exchange reserves recovered to $21.5 billion as of October 9, 2026, while real GDP growth reached 3.7% in FY26, showing improvements in the country’s macroeconomic conditions, according to the State Bank of Pakistan (SBP). Read more
Fatima Fertilizer Company Limited (PSX:FATIMA) has had its entity ratings reaffirmed at ‘AA+/A1+’ with a stable outlook, according to VIS Credit Rating Company Limited (VIS). Read more
Crude oil prices declined on Monday as traders assessed the possibility of increased Russian supplies following U.S. sanctions relief, while attacks on Russian oil infrastructure and commercial tankers in the Persian Gulf continued to cloud the global supply outlook. Read more
Pakistan’s import bill climbed to $6.17bn in September 2026, up by 22.65% YoY from $5.03bn in September 2025, data released by the State Bank of Pakistan (SBP) showed. On a monthly basis, total imports as per BOP increased by 12.98% compared to $5.46bn in August 2026. Read more
Gold prices inched up on Monday, supported by a pullback in crude oil, as market participants gauged the likelihood of a U.S. Federal Reserve rate hike later this year and searched for new cues on the central bank’s policy path. Read more
China remained the top import source for Pakistan during September, with payments of $2,015.76m, up by 22.1% against $1,651.58m in the same period last year. Read more
Engro Powergen Qadirpur Limited (PSX: EPQL) reported an 18% decline in its net profit for the nine months ended September 30, 2026 (9MCY26), recording Rs700.2m compared to Rs851.07m in the corresponding period last year. Read more
The Competition Commission of Pakistan (CCP) has authorized the proposed acquisition of 100% shareholding of Pakheim International Pharma (Private) Limited by Citi Pharma Limited (PSX: CPHL), the pharmaceutical company has stated in a filing to the Pakistan Stock Exchange. Read more
Textile exports rise by 13.24% MoM to $1.62bn in September 2026 compared to $1.43bn in August 2026, data released by the State Bank of Pakistan (SBP) showed. Read more
Asian markets declined on Monday, with Japanese and South Korean equities leading regional losses as renewed tensions involving Iran and growing concerns over artificial intelligence (AI) investment weighed on investor sentiment. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
U.S.A. remained the top export destination for Pakistan during September, with $597.48mn worth of shipments, up by 12.5% against exports of $531.27mn in the same period last year. Read more
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| KSE100 | 165,966.09 108.61M | -0.27% -453.63 |
| ALLSHR | 100,649.04 369.48M | -0.22% -222.88 |
| KSE30 | 49,203.74 43.42M | -0.23% -112.91 |
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| KMIALLSHR | 65,328.92 210.08M | -0.22% -144.76 |
| BKTi | 45,744.69 8.30M | -0.23% -104.59 |
| OGTi | 33,516.92 3.86M | -0.02% -6.09 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 81,880.00 | 82,180.00 81,135.00 | 50.00 0.06% |
| BRENT CRUDE | 110.02 | 110.17 109.00 | 0.47 0.43% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.05 -0.81% |
| ROTTERDAM COAL MONTHLY | 145.10 | 0.00 0.00 | -0.55 -0.38% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 98.86 | 99.00 98.04 | 0.32 0.32% |
| SUGAR #11 WORLD | 20.59 | 20.95 20.48 | -0.26 -1.25% |
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