Oil prices gained on Tuesday as the resumption of fighting between the US and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude futures were up 56 cents, or 0.6%, to $91.05 a barrel at 0044 GMT, while US West Texas Intermediate crude was up 83 cents, or 1%, to $86.59. In the previous session, Brent closed up 2.7%, at one p
Pakistan’s benchmark KSE-100 Index closed Friday’s trading session higher by 373.73 points or 0.21% at 177,696.50, as buying in commercial banks and technology stocks helped the index finish in positive territory despite broader market weakness. The index traded in a range of 877.51 points, hitting an intraday high of 178,042.78, up 720.01 points, while the low stood at 177,165.27, down 157.50
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) plans to increase its authorized share capital from Rs20bn to Rs40bn, subject to approval from the company’s members. The Board of Directors, through a circular resolution dated August 28, 2026, approved the increase, which will raise the authorized ordinary shares from 2bn to 4bn, with a face value of Rs10 each. The Board also approved, subject
Power Cement Limited (PSX: POWER) reported an extraordinary 4.6x (364%) surge in its net profit for the fiscal year ended June 30, 2026, reaching Rs3.78bn compared to Rs815m in the preceding year. Reflecting this explosive profitability, basic earnings per share (EPS) surged more than six-fold to Rs2.86 (diluted EPS of Rs2.72), up from Rs0.44 in FY25. The primary drivers behind the financial
LSE Capital Limited (PSX: LSECL), jointly with Topline Securities and Growth Securities, has secured the financial advisory and IPO mandate for the listing of Cordoba Financial Services Limited (CFSL), a majority-owned subsidiary of Cordoba Logistics & Ventures Limited (PSX: CLVL). Under the terms of the mandate, 10% additional shares of CFSL will be offered to the market, split between a 75% b