Positive sentiments were observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 178,970.18, up by 498.32 points or 0.28%. Buying was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs, and power gene
Asian stocks mostly eased and oil prices regained strength early on Tuesday after the US waived sanctions on Iran, while traders grappled with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, while S&P 500 e-mini futures slipped 0.2%. Brent crude was up 0.2% at $78
The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would let UN nuclear inspectors return to the country, following talks in Switzerland. Last week, Tehran and Washington signed a memorandum of understanding laying the groundwork for the negotiations, after nearly 40 days of fighting that was followed by a shaky and often-broken ce
Gold prices were steady on Tuesday as investors assessed US-Iran peace talks, while rising expectations of a Federal Reserve interest rate hike in December weighed on the metal. Spot gold was steady at $4,191.09 per ounce, as of 0053 GMT. U.S. gold futures for August delivery rose 0.2% to $4,208.40. The United States waived sanctions on Iran for 60 days from Monday after the first talks u
Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following US-Iran peace talks. Brent crude futures fell 20 cents, or 0.3%, to $77.70 a barrel and US West Texas Intermediate declined to $73.74 a barrel, down 12 cents, or 0.2%, as of 0323 GMT. Prices fell more