IPAK Group’s consolidated profit after tax (PAT) surged more than sevenfold to Rs4.95 billion for FY2026, compared with Rs664 million in the previous year, supported by higher sales, significant margin expansion and improved operating performance. According to the company’s results, consolidated earnings per share (EPS) increased to Rs6.73 in FY2026 from Rs1.64 in FY2025, while consolidated sal
Gold prices edged higher on Friday but were headed for a third consecutive weekly fall as expectations of a US rate hike strengthened, while traders awaited US consumer price index data for further clues on the Federal Reserve’s policy path. Spot gold was up 0.2% at $4,324.79 per ounce, by 0020 GMT, but down more than 2% for the week so far. U.S. gold futures for December delivery were down
Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies. Brent crude futures rose $1.05, or 1%, to $108.68 a barrel by 0045 GMT. US West Texas Intermediate crude rose 95 cents, also 1%, to $103.4
Pakistan Stock Exchange (PSX) remained under pressure on Tuesday as fears of a prolonged Middle East conflict unnerved investors while surging oil prices dented their risk appetite. The benchmark KSE-100 index fell 993.92 points, or 0.57%, to settle at 172,642.16. Trading remained volatile throughout the session, during which the index touched the intra-day high of 173,736.20 and plunged to the
Pakistan’s benchmark KSE-100 Index closed Tuesday’s trading session at 172,642.16, down 993.91 points or 0.57%, as escalating tensions between the United States and Iran and a continued rise in oil prices kept investors cautious. Oil prices climbed for a third consecutive session on Tuesday, hovering near six-week highs as intensifying US-Iran tensions raised concerns over prolonged disruptions