MG Morning Breeze: Updates to Skim before Market
MG News | October 23, 2026 at 06:30 AM GMT+05:00
October 23, 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 Rs1.64 per litre and reducing the price of Motor Spirit (petrol) by Rs1.60 per litre, effective October 23, 2026. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19.1 million or 0.09% WoW to $21.49 billion during the week ended on October 16, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
The Pakistan Stock Exchange (PSX) has approved the reclassification of Crestwell Healthcare Limited (CWHC) from the “Power Generation & Distribution” sector to the “Pharmaceuticals” sector, following submission of the requisite documents. Read more
The global race to secure critical minerals has entered a new phase as the energy transition, technological advancement and rising demand for clean-energy technologies reshape the strategic importance of natural resources Read more
The SCRA balance increased by Rs.9.71bn during the week ending Oct 16, 2026 to close at Rs.38.46bn. Read more
The government has identified agriculture, textiles and information technology (IT) as the key sectors to anchor sustainable, export-led economic growth, backed by structural reforms and private-sector investment. Read more
Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs431,536 per tola, down Rs3,000. Read more
The Pakistani rupee appreciated marginally against the US dollar in the interbank market on Thursday, closing at Rs276.85 compared with the previous session’s rate of Rs276.87. Read more
The benchmark KSE-100 Index plunged 2,006.67 points or 1.21% on Thursday to close at 163,924.31, as broad-based selling gripped the market amid rising oil prices and renewed concerns over escalating tensions in the Middle East. Read more
Askari Bank Limited (PSX: AKBL) reported a 13% surge in its consolidated net profit for the nine-month period ended September 30, 2026 (9MCY26), reaching Rs20.49bn compared to Rs18.20bn in the corresponding period last year. Read more
The Securities and Exchange Commission of Pakistan (SECP) has directed companies to appoint legal advisers in compliance with the Lawyers Welfare and Protection Act, 2023, and submit their details to the relevant registrar. Read more
Consolidated profit after taxation of MCB Bank Limited (PSX: MCB) fell 0.66% year-on-year to Rs44.33bn for the nine months ended September 30, 2026, compared with Rs44.63bn in the same period last year. Read more
Shareholders have approved the utilization of surplus initial public offering (IPO) proceeds of Rs747.763m towards the working capital requirements of Fast Cables Limited (PSX: FCL). Read more
The Organic Meat Company Limited (PSX:TOMCL) has fully utilized the Rs 810mn raised through its right issue, with no amount left unutilized. Read more
Bank AL Habib Limited (PSX: BAHL) reported a 9% decline in its consolidated net profit for the nine months period ended September 30, 2026 (9MCY26), recording Rs24.18bn compared to Rs26.68bn in the corresponding period last year. Read more
Idrees Textile Mills Limited (PSX:IDRT) has temporarily suspended production at its mill to facilitate the implementation of special resolutions passed by shareholders at the company’s Extraordinary General Meeting (EOGM) held on June 27, 2026. Read more
Oil & Gas Development Company Limited (PSX:OGDC) has brought its Bitrism East-1 exploratory well into production, which is currently yielding 7 MMSCFD of gas and 200 barrels of condensate per day from the Basal Sands. Read more
Consolidated profit for the period of Interloop Limited (PSX: ILP) rose 54.25% year-on-year to Rs4.23bn for the quarter ended September 30, 2026, compared with Rs2.74bn in the same period last year. Read more
Consolidated profit after taxation of Macter International Limited (PSX: MACTER) fell 33.98% year-on-year to Rs95.92m for the quarter ended September 30, 2026, compared with Rs145.29m in the same period last year. Read more
Nestlé Pakistan Limited (PSX: NESTLE) reported a 3% increase in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs14.53bn compared to Rs14.10bn in the corresponding period last year. Read more
Consolidated profit after taxation of Bank Alfalah Limited (PSX: BAFL) rose 41.94% year-on-year to Rs30.37bn for the nine months ended September 30, 2026, compared with Rs21.40bn in the same period last year. Read more
Pakistan Telecommunication Company Limited (PSX: PTC) staged a dramatic consolidated operational turnaround for the nine months ended September 30, 2026 (9MCY26), reporting a net profit of Rs4.73bn compared to a net loss of Rs11.18bn in the corresponding period last year. Read more
Millat Tractors Limited (PSX: MTL) reported a 53% surge in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27), reaching Rs940.64m compared to Rs613.46m in the corresponding period last year. Read more
Profit for the period of Biafo Industries Limited (PSX: BIFO) fell 34.75% year-on-year to Rs100.74m for the quarter ended September 30, 2026, compared with Rs154.40m in the same period last year. Read more
Kohinoor Energy Limited (PSX: KOHE) reported a 2.95x surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs411.78m compared to Rs139.52m in the corresponding period last year. Read more
Pakistan’s economic growth is forecast to accelerate to 3.8% in fiscal year 2026–27 (FY27), while inflation is expected to climb to 8.2% amid higher commodity prices and domestic food costs, according to the World Bank. Read more
Pakistan’s incomes could triple by 2050 if the country accelerates structural reforms to support private investment and sustain higher economic growth, according to the World Bank Group’s latest Pakistan Development Update: Attaining Escape Velocity. Read more
Habib Bank Limited (PSX: HBL) reported a 5% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26) reaching Rs54.11bn compared to Rs51.38bn in the corresponding period last year. Read more
Consolidated profit after taxation of Faysal Bank Limited (PSX: FABL) rose 0.84% year-on-year to Rs15.68bn for the nine months ended September 30, 2026, compared with Rs15.55bn in the same period last year. Read more
Meezan Bank Limited (PSX: MEBL) reported a 6% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs74.65bn compared to Rs70.52bn in the corresponding period last year. Read more
A framework to introduce and govern a Single Stock Options Contracts (SSOC) market has been proposed by the Pakistan Stock Exchange (PSX) through amendments to its Regulations and Schedule of Charges. Market participants and other interested parties can submit written comments by November 05, 2026, according to PSX notice. Read more
Cherat Cement Company Limited (PSX: CHCC) reported a 6% increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs2.22bn compared to Rs2.10bn in the corresponding period last year. Read more
The government has directed federal and provincial authorities to work in close coordination and streamline wheat import mechanisms where necessary, so that grain stays available and prices stay stable in all provinces. Read more
Oil prices climbed by more than $1 per barrel on Thursday as fresh Houthi attacks in Saudi Arabia heightened fears of a wider regional conflict and further disruptions to Middle Eastern energy supplies. Read more
President Asif Ali Zardari has called for turning the strong political goodwill between Pakistan and Maldives into greater trade, investment, connectivity and people-to-people contacts, while reaffirming Islamabad’s commitment to supporting Malé in education, healthcare, human resource development, social protection and sustainable development. Read more
Gold extended losses on Thursday, as higher oil prices revived inflation fears and strengthened the case for interest rates staying high for an extended period, with the market focused on next week’s Federal Reserve meeting for direction on policy. Read more
Pakistan, Qatar, Indonesia and Turkiye have signed the Badr Memorandum of Understanding (MoU) to strengthen cooperation in defense manufacturing, joint production and technology development. Read more
The Intellectual Property Organization of Pakistan (IPO-Pakistan) has opened an Intellectual Property Facilitation Desk at the Gujranwala Chamber of Commerce and Industry (GCCI) and held an awareness session with the All Pakistan Aluminium Utensils Manufacturers Association (APAUMA), as it works to bring its services closer to one of the country’s major industrial centres. Read more
The Government is looking at the Public-Private Partnership (PPP) model for four major road infrastructure projects, as Federal Minister for Communications Abdul Aleem Khan said he wants to turn the National Highway Authority (NHA) into a financially self-reliant entity worth Rs 500bn to Rs 1tr, reducing its dependence on federal PSDP funding. Read more
Asian markets opened mixed on Thursday as concerns over the sustainability of artificial intelligence (AI) investments continued to weigh on investor sentiment, despite gains on Wall Street and strong quarterly earnings from major technology companies. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 163,924.32 118.89M | -1.21% -2006.67 |
| ALLSHR | 99,526.88 364.30M | -1.08% -1083.61 |
| KSE30 | 48,313.81 50.96M | -1.53% -750.07 |
| KMI30 | 235,637.18 55.46M | -1.36% -3247.37 |
| KMIALLSHR | 64,683.09 191.88M | -0.90% -587.30 |
| BKTi | 45,181.21 14.21M | -1.56% -715.82 |
| OGTi | 33,395.61 3.57M | -0.82% -277.39 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 81,325.00 | 81,700.00 81,055.00 | -130.00 -0.16% |
| BRENT CRUDE | 114.08 | 114.72 112.74 | 0.91 0.80% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.55 -1.19% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 1.80 1.24% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 100.42 | 100.97 98.84 | 0.95 0.96% |
| SUGAR #11 WORLD | 20.13 | 20.64 20.10 | -0.32 -1.56% |
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