Oil prices rose on Thursday as oversupply concerns eased, after closing at two-week lows in the prior session on weaker demand. Brent crude futures were up 17 cents, or 0.27%, to $63.69 a barrel at 0455 GMT, while US West Texas Intermediate futures were up 18 cents, or 0.3%, to $59.78. Global oil prices fell a third straight month in October on fears of oversupply as the Organization of the
Gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the US economic outlook amid a government shutdown. Spot gold was up 0.1% at $3,986.23 per ounce by 0427 GMT. Bullion has fallen about 9% since hitting a record high of $4,381.21 on October 20. US gold futures for December delivery added 0.1% at $3,994.60 per ounce. “The
The Pakistani rupee registered marginal improvement against the US dollar, appreciating 0.06% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 280.70, a gain of Re0.16 against the greenback. On Wednesday, the local unit closed at 280.86. Globally, the US dollar held just below multi-month highs on Thursday, with a recovery in
Selling persisted at the Pakistan Stock Exchange (PSX) in line with losses across international markets, with the benchmark KSE-100 Index shedding over 400 points during the opening minutes of trading on Wednesday. At 9:45am, the benchmark index was hovering at 160,849.20, an increase of 432.56 points or 0.27%. Selling was observed in key sectors including commercial banks, oil and gas explo
Pakistan Petroleum Limited (PPL) has commenced oil production from its Dhok Sultan-03 well under an Appraisal and Extended Well Testing (EWT) arrangement, effective November 1, 2025, marking another milestone in the company’s upstream exploration and development portfolio. The Dhok Sultan Block, located in district Attock, Punjab, is operated by PPL, which holds a 75 percent working interest, a