OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group’s members from pumping more. The war has cut oil flows via the Strait of Hormuz, creating the world’s biggest-ever supply crisis as key OPEC+ members including Saudi Arabia have been unable to supply customers in full since the end of Fe
Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 200 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 171,436.00, up by 260.50 points or 0.15%. Buying activity was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies,
The country’s total liquid foreign exchange reserves declined by USD 10.5 million during the past week. According to the State Bank of Pakistan (SBP), the country’s total reserves stood at USD 22.636 billion as of May 29, 2026, compared with USD 22.646 billion a week earlier. During the same period, the SBP’s foreign exchange reserves increased by USD 43 million, rising to USD 17.190 billion
Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and rate-hike fears. Fundamentals Spot gold was down 0.3% to $4,462.22 per ounce, as of 0049 GMT. It has fallen about 1.6% for the week so far. Get the latest news from India and how it matters to the world with the Reuters India
Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon. Brent crude futures fell 21 cents, or 0.22%, to $95.24 a barrel by 0003 GMT after settling down 2.84% in the previous session. US West Texas Intermediate crud