MG Morning Breeze: Updates to Skim before Market

Mettis Global’s October 30 morning roundup reported a 1,456.68-point rise in the KSE-100 to 167,193.43 on Thursday. Among the listed companies reporting results, PNSC’s first-quarter profit reached Rs9.83bn, while PSO posted Rs31.92bn and PPL Rs25.23bn. DGKC’s quarterly profit increased 24.14% to Rs2.73bn, and LUCK approved capacity and energy-infrastructure projects at its Karachi plant.

Results were mixed elsewhere: ABL’s nine-month profit fell 12.94% to Rs23.34bn, while THALL’s quarterly profit rose 40.46% to Rs2.93bn; PKGP reported a nine-month loss of Rs325.50m. The roundup also noted a Rs0.85 per litre increase in diesel, unchanged petrol, and an SBP policy-rate increase to 12% followed by higher KIBOR. SBP reserves stood at $21.52bn for the week ended October 23, while the rupee closed at 276.76 per US dollar.