Oil prices rose more than 1.5% to their highest in more than six weeks on Thursday, with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose $1.93, or 2% to $96 by 0011 GMT, the highest since June 8. It had settled over $3 higher at $94.07 in the previous session, just shy of a six-week high. US West
The Pakistan Stock Exchange (PSX) ended Monday's session marginally higher, with the benchmark KSE-100 Index recovering from steep intraday losses as late-session buying in heavyweight banking and refinery stocks offset earlier selling pressure. Value buying in select blue-chip stocks helped the market erase losses and finish in positive territory. The benchmark KSE-100 Index concluded Monda
Interloop Limited (ILP) is on track for an earnings turnaround driven by timely capacity expansion and diversification across its Apparels, Denim, and Hosiery segments, according to JS Global Research. The JS reiterated a "Buy" rating on the stock with a target price of Rs137, following a management meeting and site visit to the company's new Apparels and Hosiery plants, which reinforced its po
The return on bank deposits has decreased by 29 basis points to 4.05% in June 2026 compared to the deposit rate of 4.34% last month, according to the latest official data. On a yearly basis, the weighted average rate paid for deposits by the banking sector has decreased by 872bps compared to the return of 12.77% last year. Meanwhile, the lending rate for all scheduled banks stood at 12.03%,
he total deposits held by scheduled banks have moved up by 15.07% YoY to Rs37.64 trillion in May 2026 compared to Rs32.72tr in May 2025. According to the numbers based on the weekly Statement for May 29, 2026 by SBP, Banks' deposits have edged lower by -0.62% MoM, compared to Rs37.88tr in April 2026. Total advances increased by 13.04% to Rs14.72tr compared to Rs13.02tr from a year ago. On