MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning roundup flagged a Rs6.88 increase in petrol and a Rs5.62 rise in diesel from Sept 17, as global crude and fuel prices stayed high. Separately, the US Federal Reserve lifted its benchmark rate by 25 basis points to 4%, its first increase since July 2023. On the local bourse, the KSE-100 index closed 1,370.52 points lower at 168,021.80 after profit-taking and selling in banks, fertilizer and cement stocks.

China was the largest source of gross FDI inflows in August 2026 at $134m, while the power sector drew $98.7m, according to State Bank data. The net inflow reached $315.9 million in August FY27, an 80.4% year-on-year increase from $175.1 million a year earlier. The roundup also noted that the current account deficit narrowed to $98 million in August, and the rupee's run of gains against the dollar reached 240 sessions.

Millat Tractors reported a 28% rise in consolidated net profit to Rs8.07bn for the year to June 30, 2026, and declared a Rs11 final dividend. Amreli Steels swung to a net profit of Rs547.92m from a Rs3.81bn loss, helped by a gain on debt restructuring. Bawany Air Products will issue Rs5.99bn of rights shares at a 73% discount, while Worldcall Telecom was placed in the non-compliant segment effective September 16, 2026, after the Sindh High Court dismissed its interim relief plea.