The dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stock of the escalating Iran war, with all eyes on the latest deadline from US President Donald Trump to reopen Strait of Hormuz. In an expletive-laden Easter Sunday social media post, Trump threatened to target Iran’s power plants and bridges on Tuesday if the strategic wate
Gold prices fell on Monday, pressured by a stronger dollar as elevated oil prices on the back of a protracted Iran war and stronger-than-expected U.S. jobs data dampened hopes for interest rate cuts by the Federal Reserve. Spot gold slipped 0.9% to $4,631.69 per ounce by 0306 GMT, while U.S. gold futures for April delivery lost 0.5% to $4,657.50 in thin liquidity trade, with many markets in
Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the U.S.-Israeli war with Iran. Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. U.S. West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at $112.25 per barrel. On Thursday, the last trading day before the
The Pakistan Stock Exchange (PSX) remained under the grip of selling pressure amid geopolitical volatility and an increase in international oil prices, with the benchmark KSE-100 Index shedding over 2,200 points during the opening hours of trading on Friday. At 9:25am, the benchmark index was hovering at 149,780.66, down by 2,230.60 points or 1.47%. Selling was observed in key sectors, inclu
Pakistan Telecommunication Authority (PTA) has issued a No Objection Certificate (NOC) for the consolidation and transfer of PTA licenses as well as the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited (PTML), each a wholly owned subsidiary of Pakistan Telecommunication Company Limited. PTCL informed the Pakistan Stock Exchange (PSX) in a notice on Friday. “The