MG Morning Breeze: Updates to Skim before Market

Mettis Global reported that the Petroleum Division has revised ex-depot prices, lifting high-speed diesel by Rs6.41 per litre and petrol by Rs4.10 per litre. The new rates take effect on September 16, 2026, and the change headlines the morning roundup of the previous day's updates.

The Pakistan Stock Exchange recomposed the KSE-100 and KSE-100PR indices after a review covering March to August 2026, adding four companies and removing four others from October 1, 2026. Mughal Iron & Steel Industries (MUGHAL) reported profit of Rs2.49bn for the year ended June 30, 2026, more than double the Rs965.52m of a year earlier, and declared a Rs2 per share dividend. Safe Mix Concrete (SMCPL) warned investors about fake accounts and calls that misuse the Arif Habib Group name.

The benchmark KSE-100 recovered 1,421.67 points, or 0.85 per cent, to end Tuesday at 169,392.32 after a recent sell-off. Crude moved up to $107 as fresh strikes involving Saudi Arabia and Iran raised worries about supply through the Gulf. Agro Processors & Atmospheric Gases (APAG), maker of Soya Supreme cooking oil, joined the Pakistan Stock Exchange with a gong ceremony on Tuesday.