MG Morning Breeze: Updates to Skim before Market

Mettis Global’s November 13 morning roundup covered a 1,710-point fall in the KSE-100, a Rs3-per-litre petrol price cut and a Rs4 reduction for diesel. It also reported that foreign exchange reserves held by the SBP rose to $21.57 billion, while listed-company profits increased 25% year on year in the first nine months of 2026.

Among company developments, Crescent Fibres approved a Rs1.25 billion sale of its Nooriabad property, Fast Cables shareholders cleared the redirection of Rs750.46 million in unused IPO funds to working capital, and a court approved Gatron Industries’ arrangement. MSCI’s review adds Attock Refinery to its Frontier Markets Index and removes Flying Cement and Pakistan Oxygen from the Small Cap Index. The roundup also noted a 60.1% annual rise in October car sales and a Rs10,900 drop in local gold prices.