MG Morning Breeze: Updates to Skim before Market

Mettis Global’s November 5 morning roundup covered a 3,994.62-point KSE-100 advance to 172,013.48, a Rs7.06-per-litre petrol cut and a Rs3.71 reduction in diesel prices. It also reported that the IMF Executive Board is expected to meet next month, while Pakistan secured an extension of $3bn in Saudi loans, according to Finance Minister Muhammad Aurangzeb.

Among company updates, Air Link Communication was set to launch its AirV electric-bike range in Lahore, while Fauji Fertilizer Company highlighted steps to expand digital and commercial connections with farmers. Other items included October cement dispatches rising 0.37% year on year to 4.810 million tons and the refinery sector’s first-quarter profit reaching Rs57.06bn. The roundup also noted that stock-market investors exceeded 683,000, with 26,843 accounts opened in October.