Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the US must still meet other conditions. Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a b
After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX) amid concerns around the opening of the Strait of Hormuz, with the benchmark KSE-100 Index shedding over 700 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 181,036.87, down by 739.72 points or 0.41%. Selling was observed in key sectors, including automo
The Pakistan Stock Exchange (PSX) crossed the 600,000-investor mark for the first time in its history, reflecting a sharp increase in retail participation and growing confidence in the country’s capital markets. According to data shared by the Finance Ministry on Thursday, the total number of investors reached 607,025 in July, while 23,973 new accounts were opened during the month, marking the
The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index gaining nearly 1,762 points as broad-based buying persisted across heavyweight sectors, led by commercial banks, oil & gas exploration, cement, fertilizer, and power stocks. Investor sentiment remained upbeat as oil prices declined after reports of progress in talks between Iran and Oman,
Meezan Bank Limited (PSX: MEBL) recorded a 3% increase in its consolidated net profit for the six months ended June 30, 2026, with profit after taxation climbing to Rs48.64bn from Rs47.14bn in the corresponding period last year. Showing this steady bottom-line growth, the bank's basic earnings per share (EPS) expanded to Rs26.71 from Rs25.97 in 1HFY25, while diluted EPS rose to Rs26.54 from Rs2