The Board of Directors of The Bank of Punjab (BOP), at its meeting held on August 7, 2026, approved a proposal for an equity injection of up to Rs 30 billion by the Government of Punjab through the issuance of ordinary shares, otherwise than by way of a rights issue. The transaction remains subject to all applicable statutory, corporate, shareholder and regulatory approvals. The proposed capita
Gold rose for a third straight session on Tuesday to its highest in more than two months, while investors focused on upcoming inflation data for clues on the US interest-rate outlook. Spot gold climbed 1% to $4,432.74 per ounce by 0217 GMT, hitting its highest level since June 5. U.S. gold futures rose 1.7% to $4,492.60. The move “is being driven by a degree of FOMO (fear of missing out)
Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the US and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the US has incurred. Brent crude futures were flat at $87.81 a barrel by 0013 GMT, while US West Texas Intermediate crude futures held at $82.20 a barrel. Both benchmar
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the opening minutes of trading on Monday. At 9:50am, the benchmark index was hovering at 181,880.56, up by 450.54 points or 0.25%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs a
The benchmark KSE-100 Index closed the week ended August 7, 2026, at 181,430.02 points, gaining 5,335.90 points, or 3.03%, on a week-on-week basis from 176,094.12 points recorded on July 31, 2026. The Pakistan Stock Exchange (PSX) extended its bullish momentum during the week, with the benchmark KSE-100 Index registering another strong advance as broad-based buying supported overall market sent