MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning digest for September 28, 2026 gathered several market-relevant items, starting with fuel prices. According to the publisher, the Ministry of Energy cut high-speed diesel by Rs3.59 per litre and raised petrol by Rs2.02 per litre, effective from September 26 to September 28, 2026. The KSE-100 index finished the week at 170,765.22, a decline of 119.37 points or 0.07 per cent from its level on September 18.

Among company updates, Searle turned a prior-year loss into a consolidated net profit of Rs535.74m for the period ending June 30, 2026, and announced a Rs1 per share dividend. PSO's consolidated net profit more than doubled to Rs31.58bn from Rs14.24bn in the preceding year, while Big Bird Foods reported a 4 per cent rise in profit to Rs1.17bn. Pakistan Refinery signed an upgrade agreement with the government on September 24, 2026, under the national oil refining policy for brownfield upgrades.

Other items covered Sazgar Engineering Works' plan to bring ARCFOX electric vehicles to Pakistan, and PACRA kept Service Industries at 'AA' for the long term with a stable outlook. LSE SPAC-II bought 269,000 shares of M.P. Industries for Rs180 million, while Macter launched the Hepanox anticoagulant in a pre-filled syringe format. Trust Securities & Brokerage is set to seek licenses from PVARA for custody and exchange services.