MG Morning Breeze: Updates to Skim before Market

Mettis Global’s October 20 morning roundup reported a Rs7.69 per litre reduction in diesel and a Rs5.16 cut in petrol, effective that day. The KSE-100 ended Monday down 453.63 points at 165,966.08, while the rupee gained 0.93 paisa to close at 276.90 against the dollar.

Several listed companies also featured in the updates. National Refinery’s first-quarter FY27 profit rose to Rs11.57 billion from Rs1.03 billion a year earlier, and Engro Fertilizers reported a 14% increase in nine-month profit to Rs16.24 billion. Sui Southern Gas Company plans Rs1.922 billion of pipeline expansion in Sindh, while Ghani Chemworld said it had halted production because of export disruption but had inventory for local sales.

Other corporate items included Competition Commission approval for Citi Pharma’s proposed purchase of Pakheim International Pharma and upgraded ratings for Ghandhara Automobiles. Pakistan’s FY26 growth estimate was revised to 3.65%, and foreign investors repatriated $306.8 million in profit and dividends during September. The roundup also noted unchanged local gold prices at Rs439,036 per tola and a 23% annual rise in September imports to $6.17 billion.