Oil prices are headed for their biggest monthly gains in years on Friday as tensions in the Middle East escalated over a possible US attack on Iran that could disrupt supplies from one of the biggest OPEC producers. Brent crude futures fell 21 cents to $70.50 a barrel by 0139 GMT after rising 3.4% to close at its highest since July 31 on Thursday. The March contract expires later on Friday.The
Gold slid more than 4% on Friday on rumours the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economic strains. Spot gold lost 3.9% to $5,183.21 per ounce, as of 0323 GMT, after falling as much as 5% earlier. It scaled a record high of $5,594.82 on Thursday.
Macroeconomic uncertainty continued to weigh on the Pakistan Stock Exchange (PSX) on Tuesday as the market remained volatile after the State Bank of Pakistan (SBP), contrary to expectations, left its policy rate unchanged at 10.5%. In the morning, trading commenced on a positive note and following a brief dip the benchmark index touched the intra-day peak at 189,521 in the first hour of trading
Stocks kicked off trading on a positive note, with the benchmark KSE-100 Index gaining nearly 700 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 188,895.12, an increase of 692.27 points or 0.37%. Buying interest was observed in key sectors, including automobile assemblers, commercial banks, fertiliser, oil and gas exploration compani
The International Monetary Fund (IMF) review mission is set to visit Pakistan next month to negotiate the third economic review of the ongoing loan programme. The completion of the third review would unlock the next $1 billion tranche for Pakistan under the programme. According to officials, Pakistan's economic team has accelerated preparations for the review process and has already shared k