Buying momentum continued at the Pakistan Stock Exchange (PSX) after the US and Iran signed an interim peace deal, with the benchmark KSE-100 Index gaining nearly 1,100 points during the opening minutes of trading on Thursday. At 9:30am, the benchmark index was hovering at 181,594.40, up by 1,083.38 points or 0.6%. Buying was observed in key sectors, including automobile assemblers, cement,
Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, said on Thursday that the registration of eligible investors for the Initial Public Offering (IPO) of Select Technologies Limited commenced on 17th June. As per a statement, the company said that the registration will continue until 3pm on June 23, 2026, ahead of the company’s book building process schedul
The government has initiated the hiring of an Independent Verification Agency (IVA) to oversee and validate reforms under a USD 400 million Asian Development Bank (ADB)-funded programme aimed at improving the governance and financial performance of 39 state-owned enterprises (SOEs) and the National Highway Authority (NHA), which collectively carry liabilities of nearly USD 12 billion. These ent
Gold rose more than 1% on Thursday, recouping losses from the previous session, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and supported bullion. Spot gold was up 1.4% at $4,316.42 per ounce, as of 0242 GMT, after declining 1.7% on Wednesday. U.S. gold futures for August delivery fell 1% to $4,336.70. “It’s a bit of short position unwindi
Oil prices fell in early trading on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on Tehran’s oil, resolving the largest energy supply disruption in history. Brent crude futures were down 89 cents, or 1.12%, at $78.66 a barrel as of 0005 GMT, and US West Texas Intermediate fell 98 cents, or 1.28%, to