Allied Bank continues to strengthen its capacity to navigate evolving market dynamics. Enhanced digital capabilities and operational excellence remain central to delivering superior customer experience and sustainable growth which are complimented by disciplined risk management practices, a diversified portfolio, and a strong capital base. The Bank recorded markup/interest income of Rs. 171,499
Moody’s Ratings (Moody’s) has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, a four-year high, citing improved governance, stronger external buffers and sustained macroeconomic stabilisation, while retaining a stable outlook. The rating agency stated the upgrade to B3 reflects its expectations that improvements in governance will allow the government to sustain the recent improvem
Gold hit a more than three-month high on Tuesday, extending a rally driven by the US Treasury’s recent buyback announcement, while investor focus shifted to key inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was up 0.4% at $4,668.19 per ounce, as of 0146 GMT, after hitting its highest since May 14 earlier in the session. US gold futures rose 0.6%
Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher US secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 a barrel. Both contracts fell more than 2% on Monday with US crude oil falling to a one-week
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading on Friday. At 9:19am, the benchmark index was hovering at 177,399.75, up by 807.99 points or 0.46%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, OMCs and refineries. Inde