MG Morning Breeze: Updates to Skim before Market
MG News | October 26, 2026 at 06:00 AM GMT+05:00
October 26, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) has amended Regulation R-6 of its Prudential Regulations for Corporate/Commercial Banking, revising the limits on how much banks and development finance institutions (DFIs) can invest in shares, startups, mutual funds, real estate investment trusts (REITs) and private equity funds, and requiring them to have a formal policy for such investment decisions. Read more
The Karachi Tax Bar Association (KTBA) has asked the Federal Board of Revenue (FBR) to lift a restriction in its IRIS filing system that stops individuals who return to Pakistan after a period as non-residents from entering the correct opening wealth balance for tax year 2026. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
VYU, a Pakistan-based video-first fashion shopping platform, has launched in Pakistan with a six-hour livestream featuring veteran actress Bushra Ansari and digital content creators Ron & Coco. Read more
The benchmark KSE-100 Index closed the week ended October 23, 2026, at 162,374.88 points, losing 4,044.84 points, or 2.43% week-on-week, from 166,419.72 points recorded on October 16, 2026. Read more
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs1.91 per litre while keeping Motor Spirit (petrol) unchanged, effective from October 24, 2026 to October 26, 2026. Read more
The Board of Approvals (BOA) for Special Economic Zones (SEZs) has approved the application for Karachi Industrial Park (KIP) as a Federal SEZ, along with general eligibility criteria for government-funded provision of utilities up to the zero point of privately established SEZs and a land lease policy for public sector SEZs and industrial estates in Punjab. Read more
Profit after taxation of Pioneer Cement Limited (PSX: PIOC) rose 73.37% year-on-year to Rs2.21bn for the quarter ended September 30, 2026, compared with Rs1.27bn in the same period last year. Read more
Pakistan aims to convert macroeconomic stability into sustainable, investment-driven and export-led growth through continued structural reforms, fiscal discipline and consistent economic policies, Finance Minister Senator Muhammad Aurangzeb said during a meeting with senior World Bank and International Finance Corporation (IFC) representatives. Read more
The benchmark KSE-100 Index closed Friday's trading session at 162,374.87, shedding 1,549.44 points or 0.95%, as broad-based selling gripped the market amid renewed geopolitical tensions and concerns over global energy supplies. Read more
The government has proposed an indicative wheat price of Rs4,500 per maund for 2027, Rs1,000 higher than last year’s level, in a bid to encourage cultivation, safeguard farmers’ incomes and strengthen food security. Read more
Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs424,536 per tola, down Rs7,000. Read more
Pakistan’s broad money supply (M3) extended its recovery in September 2026, rising for a second straight month as growth in transferable deposits and National Savings balances lifted liquidity on both a monthly and annual basis. Read more
Pakistan’s industries are closing and entrepreneurs are reluctant to make new investments amid persistent economic challenges and a lack of concrete action to address business community concerns, Chairman Businessmen Group (BMG) Zubair Motiwala said. Read more
Barkat Frisian Agro Limited (PSX: BFAGRO) reported a 37% surge in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs221.26m compared to Rs161.17m in the corresponding period last year. Read more
A merger petition for sanction of the scheme of arrangement between First Treet Manufacturing Modaraba (PSX: FTMM) and Treet Packaging Limited (TPL) was filed on October 22, 2026, before the Lahore High Court. Read more
The Pakistani rupee (PKR) extended its gains against the US dollar on Friday, appreciating by 2.86 paisa in the interbank market to close at PKR 276.82, compared with the previous session's closing rate of PKR 276.85. Read more
Unilever Pakistan Foods Limited (PSX: UPFL) reported a 38% surge in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs6.33bn compared to Rs4.57bn in the corresponding period last year. Read more
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has termed climate change and population growth Pakistan’s two existential challenges, saying both carry far-reaching consequences for economic stability, food security, communities and public finances, and called for stronger disaster preparedness, climate resilience and risk management. Read more
Consolidated profit after taxation of Service Long March Tyres Limited (PSX: SLM) rose 23.09% year-on-year to Rs3.69bn for the quarter ended September 30, 2026, compared with Rs3.00bn in the same period last year. Read more
National Bank of Pakistan (PSX: NBP) shareholders approved a 2026-29 compensation package for President and CEO Imran Sarwar at an Extraordinary General Meeting (EGM), with a gross salary of Rs9.5mn per month. 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 Rs13.06 trillion into the market of which Rs12.60tr were injected through reverse repo OMO. Read more
Kot Addu Power Company Limited (PSX: KAPCO) reported a more than 100-fold increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs499.79m compared to Rs4.88m in the corresponding period last year. Read more
Profit for the period of Murree Brewery Company Limited (PSX: MUREB) rose 22.38% year-on-year to Rs1.18bn for the quarter ended September 30, 2026, compared with Rs960.36m in the same period last year. Read more
The Sensitive Price Indicator (SPI) for the week ended October 22, 2026 rose 0.65 percent (%) week-on-week, while the year-on-year (YoY) increase stood at 11.85%, according to the Pakistan Bureau of Statistics (PBS). Read more
Consolidated profit after taxation of BankIslami Pakistan Limited (PSX: BIPL) fell 39.23% year-on-year to Rs3.08bn for the nine months ended September 30, 2026, compared with Rs5.07bn in the same period last year. Read more
The government is pushing for investment-led economic growth built on policy consistency, private-sector engagement and institutional reforms, with Federal Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh stressing that investment is essential for creating jobs, bringing in modern technology, raising productivity, expanding industrial capacity and boosting exports. Read more
Gold prices edged lower on Friday and are on course for their sharpest weekly decline in more than four months, as high oil prices strengthened expectations that the Federal Reserve will keep interest rates elevated for longer, with investors awaiting next week’s Fed policy meeting. Read more
The State Bank of Pakistan (SBP) is likely to raise its policy rate by 50 basis points to 12% at its upcoming monetary policy meeting, due Monday, October 26, according to Bloomberg. Read more
The entire subscription amount collected from investors in the Initial Public Offering (IPO) of SE Fruits and Vegetable Limited has been refunded to their respective bank accounts, the Pakistan Stock Exchange (PSX) said in a notice dated October 22, 2026. Read more
The Privatisation Commission (PC) Board has approved the prequalification of 10 Interested Parties (IPs) for the privatisation of Islamabad Electric Supply Company Limited (IESCO), showing strong participation from domestic and international investors. Read more
Prime Minister Shehbaz Sharif has pledged Rs 160bn from the Federal Government for development projects in Khyber Pakhtunkhwa (KP). Read more
SPEL Limited (PSX: SPEL) reported a 37% surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs357.36m compared to Rs261.61m in the corresponding period last year. Read more
Oil prices remained largely stable in early Asian trading on Friday after surging 4% in the previous session to reach a five-month high, as escalating hostilities involving Saudi Arabia and Yemen’s Houthis heightened concerns over potential disruptions to global energy supplies. Read more
Habib Metropolitan Bank Limited (PSX: HMB) reported a 19% decline in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), recording Rs14.31bn compared to Rs17.76bn in the corresponding period last year. Read more
Interloop Limited (PSX: ILP) has approved an additional capital expenditure (CAPEX) and Balancing, Modernization and Replacement (BMR) budget of Rs6.5 billion across its Apparel and Hosiery segments. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Read more
Asian markets traded lower on Friday, following a sell-off on Wall Street as concerns over rising artificial intelligence (AI) investment costs and a sharp increase in oil prices dampened investor sentiment. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 162,374.88 110.96M | -0.95% -1549.44 |
| ALLSHR | 98,620.11 386.58M | -0.91% -906.77 |
| KSE30 | 47,823.16 51.47M | -1.02% -490.65 |
| KMI30 | 232,733.99 57.93M | -1.23% -2903.19 |
| KMIALLSHR | 63,955.68 197.75M | -1.12% -727.41 |
| BKTi | 44,724.17 14.61M | -1.01% -457.04 |
| OGTi | 33,033.72 5.00M | -1.08% -361.88 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 79,800.00 | 81,450.00 79,670.00 | -1405.00 -1.73% |
| BRENT CRUDE | 114.76 | 115.97 114.74 | -1.96 -1.68% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -0.35 -0.27% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 0.10 0.07% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.32 | 102.63 101.30 | -1.95 -1.89% |
| SUGAR #11 WORLD | 20.26 | 0.00 0.00 | 0.02 0.10% |
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