MG Morning Breeze: Updates to Skim before Market

November 03, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Diesel price slashed by Rs7.76, petrol gets Rs3.40 cut

The Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs7.76 per litre and Motor Spirit (petrol) by Rs3.40 per litre, effective November 3, 2026. Read more

• Zarea plans Rs3bn rights issue to repay Sukuk, expand agri business

A Rs3 billion rights issue priced at a 29.30% discount to the market will fund the repayment of a Rs2bn short-term Sukuk and expansion of the agri-commodity trading business of Zarea Limited. Read more

• PKR adds 3 paisa against USD, closes at 276.72

The Pakistani rupee strengthened against the US dollar in the interbank market on Monday, appreciating by 3.03 paisa to close at PKR 276.72 per dollar, compared to the previous session's closing rate of PKR 276.75. Read more

• PSX Closing Bell: Bulls Hold Their Ground

The benchmark KSE-100 Index concluded Monday's trading session at 166,564.06, showing an increase of 154.81 points. Read more

• October inflation falls to 9.6%

The National Consumer Price Index (CPI) increased by 9.6% on a year-on-year basis in October 2026, easing from 10.3% in the previous month but remaining well above the 6.2% recorded in October 2025. Read more

• Pakistan Refinery upliftment jumps 10% in October

Refinery upliftment rose 9.7% year-on-year (YoY) to 1,119k tons in October 2026, driven by higher HSD and FO sales, according to Arif Habib. On a month-on-month basis, upliftment improved 3.2% from 1,084k tons in September 2026. Read more

• Gold rebounds in Pakistan, jumps Rs2,400 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs412,136 per tola, up Rs2,400. Read more

• Pakistan OMC sales slip 1% YoY to 1.5m tons in October

Oil marketing companies’ (OMCs) sales declined 1% year-on-year (YoY) to 1.48 million tons in October 2026 as higher fuel prices weighed on demand, according to Arif Habib. Read more

• HBL Manufacturing PMI edges down to a 6-month low

The seasonally adjusted HBL Pakistan Manufacturing Purchasing Managers' Index, compiled by S&P Global, edged down to 50.8 in October from 50.9 in September. The reading remains above the 50.0 mark that separates growth from contraction, but points to only a marginal improvement in operating conditions. Read more

• Gold rebounds after sharp selloff as oil prices ease

Gold prices recovered on Monday following a sharp decline in the previous session, supported by easing oil prices that reduced inflationary pressures, while market participants evaluated recent Federal Reserve officials' remarks for signals about the future direction of US monetary policy. Read more

• Pakistan eyes Eurobond tokenization, awaits cabinet approval

Pakistan is reviewing the tokenization of its existing Eurobond debt, with the proposal awaiting cabinet approval before a Request for Proposal (RFP) is issued, Finance Minister Muhammad Aurangzeb said while addressing a Pakistan Banks Association dialogue on digital assets and the future of banking. Read more

• PSX in October

The KSE-100 Index closed October 2026 on a weak note, as an escalating conflict in the Middle East kept global energy prices elevated, revived inflation worries at home and ultimately pushed the State Bank of Pakistan into tightening monetary policy in the final week of the month. Read more

• Punjab targets $7bn export boost, 162,000 jobs under Rs2tr plan

Punjab has costed a three-year economic transformation plan at Rs1,995 billion for FY2026-27 to FY2028-29, aiming to shift the province from raw output to value-added, export-led production. The Punjab’s Innovation for Value, Opportunity and Transformation (PIVOT) plan carries Rs1,089bn in government investment and Rs906bn in expected private-sector leverage. Read more

• Supernet Technologies Q1 profit rises 5% to Rs131m

Consolidated profit after taxation of Supernet Technologies Limited (PSX: STL) rose 4.81% year-on-year to Rs130.61m for the quarter ended September 30, 2026, compared with Rs124.61m in the same period last year. Read more

• Practical reforms to stabilize LPG prices and supply

Prime Minister Muhammad Shehbaz Sharif has taken a timely step by forming an eight-member ministerial committee to review the proposed LPG policy changes. Families are currently paying Rs 6,000 to Rs. 7,200 for an 11.57 kg cylinder in the open market, while the official rate notified by OGRA was Rs 3,296 in October and has risen to around Rs 3,470 for November. With winter approaching, this gap is already hitting households hard, especially in colder and remote areas (OGRA notifications). Read more

• Qatar condemns attack on LNG carrier Al Mayeda in Arabian Gulf

Qatar has strongly condemned and denounced an attack on the “Al Mayeda” liquefied natural gas (LNG) carrier, owned by Qatar Gas Transport Company Limited (Nakilat), while it was sailing in the Arabian Gulf, the country’s Ministry of Foreign Affairs said on November 1, 2026. Read more

• Liven Pharma cuts quarterly loss by 76% to Rs7m

Net loss of Liven Pharma Limited (PSX: LIVEN) narrowed 75.56% year-on-year to Rs7.37m for the quarter ended September 30, 2026, compared with Rs30.16m in the same period last year. Read more

• Citi Pharma 1QFY27 profit rises 22% to Rs249m

Consolidated profit for the period of Citi Pharma Limited (PSX: CPHL) rose 22.14% year-on-year to Rs248.79m for the quarter ended September 30, 2026, compared with Rs203.69m in the same period last year. Read more

• Adal Fintech moves closer to PSX listing

The Pakistan Stock Exchange (PSX) has officially placed the draft prospectus of Adal Fintech Limited ("AdalFi") on its website to invite public comments as the company moves forward with its initial public offering (IPO). Read more

• Zuma Resources plans Rs350m SPAC to target AI

Zuma Resources Limited (PSX: ZUMA) is planning to establish and sponsor a Special Purpose Acquisition Company (SPAC) with a proposed capital of Rs350 million, aiming to pursue merger and acquisition opportunities in technology, artificial intelligence (AI), digital connectivity and other eligible high-growth sectors. Read more

• Cherat Cement to acquire 64.07% stake in Nimir Chemical

Cherat Cement Company Limited (PSX: CHCC) has signed share purchase agreements to acquire a controlling 64.07% stake in Nimir Industrial Chemicals Limited (NICL) at an agreed price of Rs340 per share, in a transaction valued at approximately Rs24.09 billion. Read more

• NBP issues foreign exchange rates

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

• Oil prices retreat to $110 on Iran diplomacy hopes

Oil prices declined on Monday as continued diplomatic discussions between Iranian and Qatari officials raised hopes of a potential agreement to end the U.S.-Israeli war on Iran. Read more

• Asian markets tumble amid tech sell-off, AI spending concerns

Asian markets traded lower on Monday, following losses on Wall Street last week as renewed selling pressure in technology stocks weighed on investor sentiment. Read more

• Pakistan assumes G-24 chairmanship

Pakistan has assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), pledging to strengthen the collective voice of developing economies and push for a more responsive, fair and development-oriented international financial system. Read more

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