MG Morning Breeze: Updates to Skim before Market

October 27, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP buys $863m from interbank market in July

The State Bank of Pakistan (SBP) purchased a net $863 million from the interbank foreign exchange market in July 2026, according to data released by the central bank. Read more

• Govt raises petrol price by Rs1.54, diesel by Rs2.16 per litre

The government has raised the ex-depot price of High Speed Diesel (HSD) by Rs2.16 per litre to Rs395.82 and that of Motor Spirit (MS) by Rs1.54 per litre to Rs379.25, effective 27 October 2026. Read more

• Business confidence falls to 48 in October

Overall business confidence weakened further in October 2026, with the Business Confidence Index (BCI) falling 1.1 points to 48, led by a decline in services sector sentiment, the State Bank of Pakistan’s (SBP) latest survey showed. Read more

• Pakistan eyes US investment in refineries, LNG

Pakistan and the US have discussed ways to strengthen bilateral cooperation in the energy sector, with Islamabad pitching its refinery upgradation programme as an investment opportunity for US financial institutions and Washington signalling interest in long-term energy supply contracts. Read more

• Pakistan, Ethiopia explore stronger trade, banking and air links

Pakistan and Ethiopia have agreed to continue engagement to strengthen trade, investment, financial cooperation and economic connectivity, with both sides looking at closer banking links and improved air connectivity to boost commercial and people-to-people ties. Read more

• Loads Limited 1QFY27 profit rises 19% to Rs93m

Consolidated profit for the period of Loads Limited (PSX: LOADS) rose 19.22% year-on-year to Rs92.53m for the three months ended September 30, 2026, compared with Rs77.62m in the same period last year. Read more

• PSX Closing Bell: Bulls Break the Red Spell

The benchmark KSE-100 Index recovered 663.59 points or 0.41% on Monday to close at 163,038.46, as renewed buying in cement, exploration and investment stocks helped the market rebound from the previous session's sharp decline. Read more

• SBP sees forex reserves at $25bn by June 2027

The State Bank of Pakistan (SBP) expects its foreign exchange reserves to rise to $23 billion by December 2026 and $25 billion by June 2027, from $21.5 billion now, Governor Jameel Ahmad said on Monday. Read more

• Ghani Chemical 1QFY27 profit jumps 48% to Rs784m

Consolidated profit after taxation of Ghani Chemical Industries Limited (PSX: GCIL) rose 48.29% year-on-year to Rs783.79m for the three months ended September 30, 2026, compared with Rs528.54m in the same period last year. Read more

• PKR extends gains against USD, closes at 276.82

The Pakistani rupee strengthened against the US dollar on Monday, appreciating by 2.86 paisa in the interbank market to settle at PKR 276.82, compared with the previous close of PKR 276.85. Read more

• Fauji Foods 9MFY26 profit falls 30% to Rs666m

Consolidated profit for the period of Fauji Foods Limited (PSX: FFL) fell 29.56% year-on-year to Rs665.77m for the nine months ended September 30, 2026, compared with Rs945.17m in the same period last year. Read more

• SBP hikes policy rate by 0.5% to 12%

The Monetary Policy Committee (MPC) raised the policy rate by 50 basis points to 12% at its meeting on October 26, 2026. Read more

• NATF declares Rs3 per share dividend

National Foods Limited (PSX: NATF) reported an 11% increase in net profit from continuing operations for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs888.24m compared to Rs800.72m in the corresponding period last year. Read more

• MPC: How the SBP’s language has changed over 21 years

The State Bank of Pakistan now talks very differently about inflation, risk and the exchange rate than it did in the mid-2000s, a Mettis Global review of its monetary policy communication shows. Read more

• Bestway Cement profit rises 24% to Rs7bn

Profit for the period of Bestway Cement Limited (PSX: BWCL) rose 24.47% year-on-year to Rs6.84bn for the three months ended September 30, 2026, compared with Rs5.50bn in the same period last year. Read more

• Soneri Bank profit shrinks to Rs3bn in 9M

Profit after taxation of Soneri Bank Limited (PSX: SNBL) fell 10.97% year-on-year to Rs2.94bn for the nine months ended September 30, 2026, compared with Rs3.30bn in the same period last year. Read more

• MFFL slips to Rs178m loss in 3MFY27

Mitchell's Fruit Farms Limited (PSX: MFFL) swung into a net loss of Rs177.78m for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), compared to a net profit of Rs183.72m in the corresponding period last year. Read more

• Ghani Global Glass earnings reach Rs31m despite revenue decline

Profit after taxation of Ghani Global Glass Limited (PSX: GGGL) rose 27.05% year-on-year to Rs30.97m for the three months ended September 30, 2026, compared with Rs24.37m in the same period last year. Read more

• BOP 9MCY26 profit shoots 23%

The Bank of Punjab (PSX: BOP) reported a 23% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs14.26bn compared to Rs11.60bn in the corresponding period last year. Read more

• Court restrains Quice Food AGM till October 27

The High Court of Sindh at Karachi has restrained the holding of the Annual General Meeting (AGM) of Quice Food Industries Limited (PSX: QUICE) till October 27, 2026, in view of ongoing litigation. Read more

• SBL 9MCY26 profit falls 63%

Samba Bank Limited (PSX: SBL) reported a 63% decline in its net profit for the nine months ended September 30, 2026 (9MCY26), recording Rs174.03m compared to Rs472.40m in the corresponding period last year. Read more

• Gold price in Pakistan rises Rs1,400 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs423,436 per tola, up Rs1,400. Read more

• Jio Platforms IPO subscribed over 22 times, valued at $107bn

India’s biggest-ever share sale drew strong demand, particularly from institutional investors, defying the drag of a weeklong selloff in Indian equities, according to Bloomberg. Read more

• Agha Steel narrows quarterly loss to Rs970m

Net loss of Agha Steel Industries Limited (PSX: AGHA) narrowed 17.02% year-on-year to Rs969.76m for the three months ended September 30, 2026, compared with Rs1.17bn in the same period last year. Read more

• Pakistan, US firms explore tech tie-ups at Tech Connect 2026

Stronger technology partnerships between Pakistan and the US could open new commercial opportunities and feed growth in the digital economy of both countries, and the Pakistan-US Tech Connect 2026 made a strong push in that direction by bringing together a large number of American Midwest companies, Pakistani technology firms, policymakers and business leaders. Read more

• Engro Holdings completes buyback of 36m shares

The buyback programme for ordinary shares of Engro Holdings Limited (PSX: ENGROH) has been completed, with 36,231,994 shares, or about 3.009% of the issued and paid-up share capital, purchased during the purchase period. The purchase period closed on October 25, 2026. Read more

• MPC Preview: Oil bites. Will SBP bite back?

When the Monetary Policy Committee (MPC) last met on September 14, three of its ten members wanted to raise rates by a full percentage point. The majority chose to wait, warning that hostilities in the Middle East were pushing oil prices higher. Six weeks later, crude is trading above $114 a barrel, and the market is betting that the wait is over. Read more

• Govt aims for Rs350-400bn in Ijara Sukuk auction

The State Bank of Pakistan (SBP) has invited Islamic banks and Islamic banking branches to an auction for the outright purchase of GoP Ijara Sukuk by the government on a deferred payment (Bai Muajjal) basis, with a target of Rs350-400bn for a three-year tenor. Read more

• Pakistan drives EV, IT pitch to Qatar

Pakistan, Qatar reviewed progress on bilateral economic ties at the second meeting of their Joint Task Force (JTF) on Trade and Investment in Doha, where Islamabad pressed Doha to help fast-track the Pakistan-Gulf Cooperation Council (GCC) Free Trade Agreement, sought relief on curbs on bone-in meat exports, and invited Qatari investment in agriculture, automobiles, IT, maritime and infrastructure. Read more

• Oil slips to $114 as traders weigh Saudi supply risks

U.S. crude oil prices fell more than 2% on Monday as investors assessed the risk of further attacks on Saudi Arabia’s energy infrastructure against concerns that persistently high prices could weaken global oil demand. Read more

• Gold holds above $4,000 on oil pullback

Gold rose on Monday as a pullback in oil prices eased concerns over inflation, with investors positioning ahead of the US Federal Reserve’s rate decision due later this week. Read more

• Stylers International quarterly profit jumps to Rs434m

Profit after taxation of Stylers International Limited (PSX: STYLERS) rose 88.47% year-on-year to Rs433.96m for the three months ended September 30, 2026, compared with Rs230.25m in the same period last year. Read more

• Gul Ahmed profit more than doubles to Rs640m in 1QFY27

Consolidated profit after taxation of Gul Ahmed Textile Mills Limited (PSX: GATM) more than doubled, rising 108.24% year-on-year to Rs639.52m for the three months ended September 30, 2026, compared with Rs307.10m in the same period last year. Read more

• SGF 9MCY26 profit surges 82%

Service Global Footwear Limited (PSX: SGF) reported an 82% surge in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs3.04bn compared to Rs1.67bn in the corresponding period last year. Read more

• Service Industries’ 9M profit rises 12% to Rs13bn

Consolidated profit after taxation of Service Industries Limited (PSX: SRVI) rose 12.41% year-on-year to Rs13.40bn for the nine months ended September 30, 2026, compared with Rs11.92bn in the same period last year. Read more

• FCEPL 9MCY26 profit skyrockets over 3x

Frieslandcampina Engro Pakistan Limited (PSX: FCEPL) reported a 3x surge in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs6.46bn compared to Rs2.09bn in the corresponding period last year. Read more

• BBFL 1QFY27 profit edges up 4%

Big Bird Foods Limited (PSX: BBFL) reported a 4% increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs344.99m compared to Rs331.95m in the corresponding period last year. Read more

• Automotive Plastic sells 554,769 Stylers International shares

The Board of Directors of Stylers International Limited (PSX: STYLERS) was apprised of the sale of 554,769 shares of the company by Automotive Plastic (Private) Limited. Read more

• Asian markets mixed, oil prices retreat from recent highs

Asian markets traded mixed on Monday, with Japan’s Topix advancing while major benchmarks across Japan, South Korea and Australia recorded losses. Read more

• SYS 9MCY26 profit steps up 14%

Systems Limited (PSX: SYS) reported a 14% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs9.08bn compared to Rs7.94bn in the corresponding period last year. Read more

Copyright Mettis Link News