Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session’s losses caused by a pause in fighting between Washington and Tehran. Brent futures increased by $2.71, or 3.2%, to $86.80 a barrel at 0002 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.26, or 3.4%, to $81.95. US crude inventories fe
Selling pressure persisted at the Pakistan Stock Exchange (PSX) as escalating tensions in the Middle East took their toll on investor sentiments, with the benchmark KSE-100 Index shedding over 1,800 points during the opening minutes of trading on Friday. At 9:48am, the benchmark index was hovering at 169,885.48, down by 1,853.96 points or 1.08%. Selling was observed in key sectors, including
The Pakistan Stock Exchange (PSX) extended its losing streak on Thursday, with the benchmark KSE-100 Index coming under heavy selling pressure amid escalating geopolitical tensions and a sharp rise in global oil prices. Investor sentiment remained weak as Yemen's Houthi forces reportedly struck tankers in the Red Sea, while Washington carried out another wave of strikes against Iran, raising fr
Nestlé Pakistan Limited (PSX: NESTLE) reported a 4% decline in its net profit for the six months ended June 30, 2026, with profit after taxation slipping to Rs9.98bn from Rs10.42bn in the corresponding period last year. Showing this softer bottom-line, the company's earnings per share (EPS) eased to Rs220.04 from Rs229.88 in 1HFY25. The top-line performance remained encouraging, with net rev
Air Link Communication Limited (PSX:AIRLINK) is to establish an electric bike manufacturing project under its own brand, AirV, after the Company's Board of Directors approved the initiative. The project envisages the establishment of an advanced electric bike assembly plant at the Company's manufacturing facility located in the Sundar Green Special Economic Zone (SGSEZ), Lahore. The initia