Gold slipped on Thursday as investors booked profits after three consecutive sessions of record highs, while an apparent softer tone from US President Donald Trump on the Federal Reserve chair and Iran dampened safe-haven demand for bullion. Spot gold was down 0.8% at $4,584.03 per ounce, as of 0322 GMT. In the previous session, bullion hit a record high of $4,642.72. US gold futures for
Oil prices slid more than 2% in early Asian trade on Thursday after US President Donald Trump said killings in Iran’s crackdown on nationwide protests were stopping, tempering concern over military action against Iran and supply disruption. Brent futures were down $1.67, or 2.5%, at $64.85 a barrel at 0109 GMT, while US West Texas Intermediate crude slipped $1.54, or 2.5%, to $60.48 a barrel.
The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Thursday. At 10am, the local currency was hovering at 279.78, a gain of Re0.19 against the greenback. On Wednesday, the local unit closed at 279.97. Globally, the yen held onto overnight gains on Thursday but was pinned near 18-month lows as traders
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 600 points during the opening minutes of trading on Wednesday. At 9:50am, the benchmark index was hovering at 183,357.74, a decrease of 593.76 points or 0.32%. Selling was seen in key sectors, including automobile assemblers, cement, commercial banks and fertiliser. Index-heavy stocks,
Samir Dossal, President of the Canada Pakistan Business Council (CPBC), performed the ceremonial market opening “Gong Ceremony” at the Pakistan Stock Exchange (PSX) on Tuesday, celebrating the USD1 billion bilateral trade milestone between Canada and Pakistan and underscoring the deepening ties between the PSX and the Canadian business community. During his address, Dossal expressed gratitude t