MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning digest reported that the KSE-100 closed Friday's session at 175,328.82, a gain of 399.14 points or 0.23 per cent, as buying in commercial banks, oil and gas exploration and cement stocks lifted the index. Over the week to September 4, however, the benchmark slipped 2,367.69 points, or 1.33 per cent, from 177,696.51 recorded on August 28. The Pakistan Stock Exchange also completed a re-composition of the JS Momentum Factor Index, with five companies entering and five leaving, effective Monday, September 7.

Oil & Gas Development Company posted a 43 per cent jump in consolidated profit for the year to June 30, 2026, reaching Rs242.37bn from Rs169.90bn a year earlier. Panther Tyres' net profit rose about threefold to Rs1.31bn from Rs431.63m, while Pakistan Cables moved into profit with Rs166.21m after a loss of Rs280.60m the year before, helped by higher associate income.

Fuel prices were also revised, with high-speed diesel up Rs3.74 per litre and petrol down Rs3.13 per litre from September 5, 2026. In currency and bullion, the rupee firmed 1.04 paisa to 277.41 per dollar in the interbank market, while gold in Pakistan rose Rs3,900 per tola to Rs469,136 for 24-karat.