Oil prices fell more than 5 percent on Tuesday to a three-week low after comments by Qatari and US officials raised hopes for a diplomatic resolution to the Iran war that could improve oil flows through the Strait of Hormuz. Brent crude futures were down USD 4.44, or 5.3 percent, to USD 79.33 a barrel by 1:17 p.m. ET (1717 GMT). US West Texas Intermediate futures dropped USD 4.52, or 5.6 percen
Positive sentiments were observed at the Pakistan Stock Exchange (PSX) as the US-Iran conflict remained at a stalemate, with the benchmark KSE-100 Index gaining points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 178,497.71, up by 297.69 points or 0.17%. Buying was observed in key sectors, including automobile assemblers, cement, commercial
The Pakistan Stock Exchange (PSX) closed Monday's trading session on a strong note, with the benchmark KSE-100 Index gaining over 2,100 points as broad-based buying interest prevailed across key sectors, particularly commercial banks, cement, fertilizer, and oil & gas exploration companies. The positive sentiment was supported by easing geopolitical concerns after US President Donald Trump said
Pakistan's cement dispatches increased by 6.02% year-on-year (YoY) to 4.476 million tons in July 2026, supported by a strong recovery in domestic demand despite a sharp decline in exports. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches stood at 4.476m tons during the month, compared to 4.222m tons in July 2025. Domestic cement
Independent oversight of Pakistan’s largest telecom merger will continue uninterrupted despite a reported decision by KPMG to exit Pakistan, with the Competition Commission of Pakistan (CCP) confirming that compliance monitoring under the PTCL–Telenor merger remains fully intact, official sources told Business Recorder. The official sources said the five-year monitoring framework—covering compl