Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies. Brent crude futures slid 24 cents, or 0.33%, to $71.88 a barrel by 0010 GMT after settling 0.45% higher on Friday. US West Texas Intermediate crude was at $68.58 a barrel, dow
Buying rally continued at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading. At 9:35am, the benchmark index was hovering at 184,992.43, up by 471.47 points or 0.26%. Buying interest was observed in key sectors, including chemical, commercial banks, fertiliser, oil and gas exploration companies, OMCs,
The benchmark KSE-100 Index concluded Thursday's trading session at 184,520.96, posting a gain of 470.86 points, or 0.26%, as investors extended selective buying on easing geopolitical concerns and lower international oil prices. Market sentiment remained broadly positive after oil prices declined as fears of supply disruptions in the Middle East eased, with investors encouraged by signs of pro
TRG Pakistan Limited (PSX: TRG) is reviewing its legal options, including filing an appeal, after the United States District Court for the Southern District of New York declined to grant the injunctive relief sought by the company and The Resource Group International Limited. In a notice to the Pakistan Stock Exchange (PSX) on Friday, the company said the order, issued on July 1, 2026, refused
S&P Global Ratings acknowledged Pakistan's progress in strengthening macroeconomic stability and appreciated the government's commitment to fiscal discipline, debt sustainability, external resilience, and structural reforms. The acknowledgement came during a meeting between a delegation from S&P Global Ratings and Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, held to disc