Gold climbed a near two-week high on Wednesday, after new U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar. Spot gold rose 0.8% to $4,161.10 per ounce, as of 0241 GMT, its highest since November 14. U.S. gold futures for December delivery fell 0.5% to $4,159.00 per ounce. “Expectations are now being shaped more tow
Atif Ikram Sheikh, President FPCCI, has said that the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made a strong plea for the streamlining of business visa procedures with the Sultanate of Oman, stressing the issue a major requirement to achieve the true potential of Pak-Oman economic relations. He highlighted that the call comes as the FPCCI prepares to organise a major S
Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply. Brent crude futures rose 19 cents, or 0.3%, to $62.67 a barrel as of 0114 GMT, while U.S. West Texas Intermediate crude futures gained 14 cents, or 0.24%, to
The Pakistan Stock Exchange (PSX) experienced choppy trading on Monday as the benchmark KSE-100 index struggled to protect early gains and ultimately closed slightly in the red. After a firm start, profit-taking pulled the market down and the index slipped to the intra-day low of 161,241 before midday. It then recouped losses, touching the intra-day high of 162,385 just before close. The KSE-10
Positive momentum returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 162,464.85, a gain of 480.77 points or 0.30%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and gas