Oil prices fell more than $1 on Thursday as forecasters loweredglobal oil demand projections for 2026 because of the disruptions from the US-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel by 0100 GMT.US West Texas Intermediate (WTI) crude fell $1.30, or 1.6%, to $81.97. The Organ
The Pakistan Stock Exchange (PSX) extended its decline on Tuesday, with the benchmark KSE-100 Index losing 1,464 points as selling pressure intensified across cement, fertilizer, investment, and oil & gas exploration stocks. Market sentiment remained subdued as oil prices held near their highest level in more than a week amid fading prospects for a US-Iran agreement, raising concerns over conti
Fauji Cement Company Limited (PSX: FCCL) recorded a 21% increase in its net profit for the year ended June 30, 2026, with profit for the year climbing to Rs16.18bn from Rs13.33bn in the corresponding period last year. Showing this healthy bottom-line growth, the company's earnings per share (EPS) expanded to Rs6.60 from Rs5.43 in FY25. The Board of Directors has declared a final cash dividen
Attock Cement Pakistan Limited (PSX: ACPL) reported a massive 97% increase in its net profit for the fiscal year ended June 30, 2026, nearly doubling its bottom line to Rs3.42bn compared to Rs1.73bn in the preceding year. Reflecting this explosive profitability, the company's basic and diluted earnings per share (EPS) nearly doubled, jumping to Rs24.86 from Rs12.60 in FY25. The primary drive
Attock Cement Pakistan Limited (PSX: ACPL) has authorized its Management to explore and evaluate the feasibility of a potential merger with Fauji Cement Company Limited, with recommendations to be presented to the Board for consideration. The Board of Directors, in the same meeting, also approved a proposal to shift the Company's Registered Office from Karachi, Sindh, to Rawalpindi, Punjab, sub