MG Morning Breeze: Updates to Skim before Market

The KSE-100 closed 1.79 per cent lower on Thursday at 168,865.04, a fall of 3,078.55 points, as higher oil prices and Middle East tensions drove broad selling, according to Mettis Global's morning digest. Petroleum prices were also raised, with High-Speed Diesel up Rs5.37 per litre and petrol up Rs3.05 per litre from September 11, 2026.

Among company updates, Interloop's consolidated net profit more than doubled to Rs12.45bn in the year to June 30, 2026, while Kohat Cement's profit fell 8% to Rs10.70bn. IPAK Group's profit after tax rose to Rs4.95bn for FY26, and the Naya Nazimabad REIT offer was oversubscribed four times, attracting Rs1bn.

Bank Makramah ended a proposed equity investment from a DM Holdings-led consortium, and Cherat Cement's board moved to acquire at least 30% of Nimir Industrial Chemicals. Separately, a court denied bail to four current and former Unity Foods officials in a case involving alleged discrepancies of Rs44.7 billion.