Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm US dollar and fading hopes for near-term Federal Reserve interest rate cuts. Spot gold fell 1.6% to $4,335.18 per ounce, as of 0227 GMT. The metal fell to its lowest level since November 24 on Monday. US gold futures for April delivery fell 1.6% to $4,336.10. The dollar str
Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon. Brent futures rose $1.06, or 1.1%, to $101 a barrel at 0001 GMT, while US West Texas Intermediate (WTI) climbed $1.58, or 1.8%, to $89.71. Crude futures dropped more than 1
The Pakistan Telecommunication Authority (PTA) has approved the proposed amalgamation of Pak Telecom Mobile Limited (PTML) and Telenor Pakistan (Private) Limited, each a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL). The PTCL shared the information in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. It said that the approvals were subject to the submis
Pakistan’s fuel price increases remain significantly lower than those seen globally despite a massive rise in petroleum product (POL) rates, the government on Monday said, as international markets witness sharp spikes in energy costs. In a post on social media platform X, Advisor to the Finance Minister Khurram Schehzad noted that fuel prices have risen sharply across both developed and emergin
Selling pressure returned at the Pakistan Stock Exchange (PSX) amid escalation in the Gulf region, with the benchmark KSE-100 Index shedding nearly 2,800 points during the opening hours of trading on Thursday. At 10:40am, the benchmark index was hovering at 151,503.86, a decrease of 2,788.39 points or 1.81%. Selling was observed in key sectors, including automobile assemblers, cement, commer