MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning digest reported that the Oil and Gas Regulatory Authority cut petrol's ex-depot price by Rs1.70 per litre to Rs325.92 for August 12, 2026. High speed diesel moved the other way, rising Rs1.39 per litre to Rs382.25.

Central bank data showed a sharp rise in external debt servicing, which reached $10.14bn in the fourth quarter of FY26 against $3.86bn in the previous quarter. The country's total debt and liabilities stood at Rs99.59tr in FY26, up 5.51% from Rs94.39tr a year earlier, while central government debt climbed 7.39% to Rs83.64 trillion in June 2026.

On the PSX, the KSE-100 lost 1,464 points on Tuesday as sellers dominated cement, fertilizer, investment and oil and gas exploration counters. Attock Cement's FY26 net profit rose 97% to Rs3.42bn, while Fauji Cement's climbed 21% to Rs16.18bn, and Attock Cement has authorised its management to assess a possible merger with Fauji Cement. PSX and SBP will both be closed on Friday, August 14, 2026, for Independence Day.