Oil prices rose on Wednesday morning as doubts about a US-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed US crude inventories expanded. Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel by 0053 GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%, to $83.91. Both benchmark contr
Selling pressure was observed at the Pakistan Stock Exchange (PSX) amid fading hopes of a deal between the US and Iran to end their war and reopen the Strait of Hormuz, with the benchmark KSE-100 Index shedding over 1,100 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 180,156.77, down by 1,153.51 points or 0.64%. Selling was observed i
The Pakistan Stock Exchange (PSX) closed Monday's session marginally lower, with the benchmark KSE-100 Index shedding nearly 120 points as heavy selling in power, fertilizer, technology, and cement stocks offset strong gains in oil & gas exploration and refinery sectors. Investor sentiment remained cautious as oil prices rose amid conflicting signals from the United States and Iran over efforts
Total inflows into Roshan Digital Accounts (RDA) during July, 2026 stood at USD 282 million, bringing the total cumulative inflows into RDA to USD 13,647 million. Compared to the previous month's inflow of USD 306.0, July showed an decrease of USD 24 million. However, according to data released by the SBP, amount repatriated and locally utilized during the month was USD 193 million showing t
Pakistan's macroeconomic outlook for FY27 has improved relative to the MPC’s earlier assessment immediately following the outbreak of the Middle East conflict, according to the Monetary Policy Report – August 2026 released by the State Bank of Pakistan (SBP). Inflation is projected to be lower than previously anticipated; economic activity is expected to recover gradually; and the external acco