There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index etching new records, hitting the 178,000 level for the first time during the opening hours of trading on Friday. At 11:05am, the benchmark index was hovering at 178,715.38, an increase of 2,359.89 points or 1.34%. Buying interest was observed in key sectors, including automobile assemblers,
Pakistan’s total liquid foreign exchange reserves stood at USD 21.012 billion as of December 26, 2025, showing a marginal decline from USD 21.023 billion recorded a week earlier on December 19, according to statistic released by the State Bank of Pakistan (SBP). The reserves position reflected a mixed trend during the week. Foreign exchange reserves held by the SBP rose by USD 13 million to USD
Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of Rs 15 billion (approximately USD53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the development of its digital banking
Precious metals kick-started the New Year on a strong note on Friday, resuming their rally after unprecedented gains in 2025, as geopolitical tensions and hopes of lower interest rates this year kept safe-haven demand intact. Spot gold climbed 1.3% to $4,372.02 per ounce as of 0357 GMT, after hitting a record high of $4,549.71 on December 26. It fell to a two-week low on Wednesday. US gold f
Oil prices edged up on the first day of trade in 2026, after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a US blockade pressured Venezuela’s exports. Brent crude futures climbed 35 cents on Friday to $61.20 a barrel by 0409 GMT, while US West Texas Intermediate crude was at $57.76 a barrel, up 34 cents. Russia and Ukraine ha