Oil prices fell in early trading on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. Brent crude futures fell 9 cents, or 0.2%, to $59.73 a barrel by 0111 GMT, and U.S. West Texas Intermediate crude was trading 16 cents, or 0.3% lower, at $55.99 a b
The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Friday. At 10am, the local currency was hovering at 280.05, a gain of Re0.21 against the greenback. On Thursday, the local unit closed at 280.26. Globally, the Japanese yen was pinned near recent lows on Friday while traders waited to see whether the Ba
Rafhan Maize Products Company Limited (RMPCL) has received a firm intention from Nishat Group–linked entities and members of the Mansha family to acquire control and up to 75.69% of its voting shares. RPMPL, one of Pakistan’s largest agro-based companies, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. The company said the intention was conveyed throug
Trading remained choppy on Wednesday at the Pakistan Stock Exchange (PSX) as the market struggled to find clear direction amid a mix of positive economic developments and sector-specific concerns. The benchmark KSE-100 index ended slightly in the red, reflecting investor caution and a consolidation phase following the recent upside. The index oscillated between the intra-day high of 171,393 and
Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining over 1,100 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 171,455.35, an increase of 1,141.50 points or 0.67%. Buying was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs, power gen