After a day of selling, buying interest returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of Thursday. At 10:10am, the benchmark index was hovering at 187,571.71, an increase of 538.45 points or 0.29%. Buying was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploratio
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks’ diversification into gold. Spot gold climbed to a peak of $4,887.82 per ounce on Wednesday. The safe-haven metal has climbed more than 11% so far in 2026, extending a blistering rally that saw it jump 64% last year. “We assume priva
Gold and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand eased after US President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured prices. Spot gold was down nearly 1% to $4,793.63 per ounce, as of 0332 GMT, after scaling a record peak of $4,887.82 in the previous session. US
BEIJING/SINGAPORE: Oil prices edged up on Thursday, after US President Donald Trump ratcheted down tension with Europe over his demand for Greenland, while disruptions in supply from two large fields in Kazakhstan and a better demand outlook for 2026 lent support. Brent crude was up 9 cents, or 0.14%, at $65.33 a barrel by 0320 GMT. West Texas Intermediate for March rose 13 cents, or 0.21%,
Pakistan is set to enter the Chinese capital market for the first time with the issuance of a Panda bond, structured as a green bond, by the end of this month, reflecting the country’s commitment to sustainable and climate-resilient financing, Federal Minister for Finance Muhammad Aurangzeb said on the sidelines of the World Economic Forum (WEF) in Davos. “For the first time, we are going to do