The Pakistan Stock Exchange (PSX) opened sharply lower on Thursday, with the KSE-100 Index shedding over 2,000 points amid rising geopolitical uncertainty after Iran rejected a US-backed ceasefire proposal. At 9:35am, the benchmark index was hovering at 156,251.57, down by 2,061.87 points or 1.30%. Selling pressure was observed in key sectors, including automobile assemblers, cement, commerc
Internationally, currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump’s efforts to bring an end to the war with Iran. The euro edged higher, up 0.1% at $1.1619, with most other currency pairs remaining unchanged. The British pound was up 0.1% at $1.3428, while the New Zealand dollar was flat at $0.5834. Agains
A member supreme council of Businessmen Panel (progressive) of FPCCI and former Hyderabad Chamber of Commerce and Industry (HCCI) president Adeel Siddiqui has said that Pakistan’s economy had started showing signs of revival and stability but still there was need to address challenges of structural nature confronting trade and industrial sectors. He asserted that besides this phase of economic
Oil prices slid about 2 percent on Wednesday after paring deeper losses earlier in the trading session, as Iran reviewed a US proposal to end the war that has disrupted global energy flows from the Persian Gulf. Brent futures fell USD2.27, or 2.2 percent, to settle at USD102.22 a barrel, while US West Texas Intermediate crude futures fell USD2.03, or 2.2 percent, to settle at USD90.32. Earlier
Bank Makramah Limited (BML) has been assigned initial entity ratings of “A-” (Long Term) and ‘A2’ (Short Term) with a “Stable” outlook by VIS Credit Rating Company Limited. The assigned ratings reflect a significant improvement in the bank’s credit profile, underpinned by strong sponsor support, successful recapitalization, ongoing restructuring initiatives, and a strengthened governance and li