Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), has awarded a contract to Universal Gas Distribution Company (Pvt) Ltd for the sale of up to 17.5 million standard cubic feet per day (MMscfd) of gas from the Spinwam Gas Discovery, issuing a Letter of Award after inviting bids on May 15, 2026. The listed company disclosed the development in its notice to the Pakist
Gold rose on Monday as oil prices tumbled after US President Donald Trump held off on a fresh attack on Iran in hopes of a swift deal, slightly easing concerns about inflation and higher interest rates. Spot gold was up 0.7% at $4,067.06 per ounce, as of 0023 GMT. U.S. gold futures rose 0.9% to $4,065.60. Trump said late on Saturday on his Truth Social platform that Iran and other Middle
Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4.08, or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%. Both contracts jumped more
After days of selling pressure, buying returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,400 points during the first half of the trading session on Friday. At 12:03pm, the benchmark index was hovering at 176,926.74, up by 1,378.76 points or 0.79%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fert
Bank Alfalah Limited (BAFL) reported a profit after tax (PAT) of Rs21.32 billion during the half-year ended June 30, 2026, representing an increase of 39.6% compared to Rs15.27 billion recorded in the same period last year. According to the latest financial results, the Board of Directors of BAFL also declared a second interim cash dividend of Rs1.5 per share, i.e., 30%, cumulatively bringing t