Gold prices extended gains on Thursday, after hitting a more than one-week high in the previous session, as investors took stock of softer-than-expected jobs data, while lower oil prices lent additional support to bullion. Spot gold rose 0.8% to $4,063.56 per ounce, as of 0103 GMT, after rising to as much as $4,114.99 per ounce on Wednesday, its highest level since June 23. US gold futures
Oil prices dropped in early trade on Thursday after Qatar said Iran and the US had made “positive progress” in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war. Brent futures were down 73 cents, or 1.02%, to $70.84 a barrel by 0102 GMT, while US West Texas Intermediate crude fell 83 cents, or 1.21%, to $67
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 1,800 points during the opening minutes of trading on Wednesday. At 10am, the benchmark index was hovering at 182,053.72, up by 1,752.02 points or 0.97%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Pakistan’s equity market delivered another stellar year in FY2025-26, with the benchmark KSE-100 Index gaining 44 percent in rupee terms and 46 percent in US dollar terms, as improving macroeconomic stability under the IMF programme continued to bolster investor confidence despite heightened geopolitical volatility during the second half of the fiscal year. According to a year-end market outloo
The winding-up process of Pakistan Hotel Developers Limited has hit another roadblock amid the company’s ongoing litigation and recovery of amounts. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. The company said that its liquidators filed an application, JCM No. 38 of 2026, before the High Court of Sindh on June 27, 2026, under Se