Oil prices eased on Friday but were heading for weekly gains on uncertainty over Middle East supplies and a larger-than-expected draw from crude stockpiles in the United States. Houthis claim attack targeting Riyadh airport with ballistic missile Brent crude futures fell 50 cents, or 0.47%, to $105.42 a barrel by 0623 GMT, while US West Texas Intermediate crude futures were down 49 cents, or 0.
Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates. Spot gold rose 0.2% to $4,177.82 per ounce by 0433 GMT, but was down 0.5% so far in the week. US gold futures for December delivery climbed 0.7% to $4,199.10. “Gold has been trapped in a range of $4,221, with the
Pakistan Stock Exchange (PSX) staged a sound recovery on Wednesday as renewed buying towards the close lifted the benchmark index firmly into the positive territory, reversing the previous session's trend after volatile trading amid domestic political uncertainty and rising international oil prices. The KSE-100 index gained 641.07 points, or 0.39%, and settled at 165,417.51. It touched the intr
Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 800 points during the opening hours of trading on Thursday. At 11am, the benchmark index was hovering at 166,330.33, up 912.83 points or 0.55%. Key sectors saw buying, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy
Pakistan is aiming to enter the double-B sovereign rating category through sustained economic improvements, Finance Minister Muhammad Aurangzeb has said, citing a fiscal deficit at a 22-year low, three consecutive years of primary surpluses and foreign exchange reserves at a historic high covering three months of imports, according to an official statement issued by the Ministry of Finance on Wedn