MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning digest for October 12, 2026 pulled together several market and economic items. The KSE-100 closed the week ended October 9 at 167,089.28 points, a weekly loss of 1,066.21 points or 0.63%, and slipped 352.63 points (0.21%) in Friday's session. The Ministry of Energy cut petrol by Rs0.66 per litre and raised high-speed diesel by Rs0.52 per litre from October 10.

K-Electric (KEL) said it may need to apply evening and night load management as a last-resort measure if a nationwide RLNG constraint, linked to international supply disruptions and delayed cargoes, requires it. Private Stock Holding Limited completed the purchase of 25.42% of Asia Insurance (ASIC), or 18,558,243 ordinary shares, on October 9 according to a PSX filing. Pakistan State Oil signed a sale and purchase agreement with OQ Trading for petroleum supplies, while TPL REIT Fund-I (TPLRF1) will hold a project launch in Karachi on October 10 and 11, 2026, for Saima Mangrove Residences.

Workers' remittances reached $3.59bn in September, down 1.9% from August but up 12.7% year on year, according to the SBP. The rupee gained 0.93 paisa to Rs277.00 per dollar in the interbank market on Friday. Gold in Pakistan rose Rs5,900 per tola to Rs440,936 for 24-karat, while Finance Minister Muhammad Aurangzeb said the Retailers' Tax Scheme will continue beyond 2026.