MG Morning Breeze: Updates to Skim before Market

Mettis Global’s November 4 morning roundup covered a 1,454.80-point rise in the KSE-100 to 168,018.86, alongside a Rs5.45-per-litre petrol price reduction and a Rs3.68 increase in diesel. It also reported that Cherat Cement agreed to acquire a 13.07% stake in Nimir Industrial Chemicals for Rs340 per share under an agreement signed on October 30.

Other company updates included Pioneer Cement completing and energising a 28.265MW solar plant, and VIS changing At-Tahur’s credit-rating outlook to Positive while maintaining its ratings. Quice Food Industries recorded a Rs1m loss for the quarter ended September 30, 2026, compared with a Rs3.54m profit a year earlier. Separately, Fauji Foundation acquired a 19.70% voting stake in Pakistan Services, while Sazgar Engineering said it had not invested in a Philippines three-wheeler project.