Gold extended losses on Friday after falling 2% in the previous session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates ahead of a Federal Reserve policy meeting next week. Spot gold eased 0.5% to $4,027.54 per ounce by 0523 GMT, with prices down more than $130 from a two-week high hit on Wednesday. US gold futures
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 600 points during the opening minutes of trading on Thursday. At 9:38am, the benchmark index was hovering at 175,023.62, up by 593.70 points or 0.34%. Buying was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generatio
The Pakistan Stock Exchange (PSX) closed Wednesday's session lower, with the benchmark KSE-100 Index coming under pressure as broad-based selling dominated the market amid renewed geopolitical tensions between the United States and Iran. Investor sentiment remained subdued as rising tensions between Washington and Tehran heightened concerns over potential disruptions to global oil supplies.
United Bank Limited (PSX: UBL) recorded a robust 33% increase in its net profit for the half year ended June 30, 2026, with profit after taxation climbing to Rs85.91bn from Rs64.73bn in the corresponding period last year. Showing this strong bottom-line growth, the bank's earnings per share (EPS) expanded to Rs34.3 from Rs26.07 in 1HFY25. The top-line performance showed healthy momentum, wit
Sakrand Sugar Mills Limited (PSX: SKRS) has completed the transfer of a 25% equity stake to incoming investors, marking a key milestone in the implementation of its board-approved Revival Plan. In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, the company said the transaction was completed after obtaining all required regulatory approvals. The company said the Revival Plan, deta