Oil rose more than 1% on Wednesday, with Brent futures extending gains after a record monthly rise in March, as Middle East volatility kept markets jittery despite reports that the US-Israeli war on Iran may be nearing an end. The front-month Brent contract for June climbed $1.40, or 1.4%, to $105.37 per barrel at0430 GMT. Brent logged a record monthly gain of 64% in March, according to LSEG
Mari Energies Limited, one of Pakistan’s largest E&P companies, has partnered with Ghani Chemical Industries Limited (GCIL) to establish a special purpose vehicle (SPV) aimed at converting waste gases into commercially viable products, including liquefied natural gas (LNG) and carbon dioxide. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX). “Mari
A day after intense selling pressure, buying momentum returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 2,200 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 149,106.44, up by 2,263.47 or 1.54%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil a
In a major boost to Pakistan’s digital future, Jazz and VEON leadership unveiled an ambitious USD 1 billion investment plan in a high-level meeting with the finance minister to expand connectivity, modernise infrastructure, and accelerate digital innovation across the country. JazzWorld CEO Aamir Ibrahim, accompanied by VEON Group CEO Kaan Terzioglu and senior leadership, held a high-level meet
Oil prices on Tuesday were set for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war in the Middle East stoked fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, owing to the hawkish sea change in the global outlook for interest rates, while the dollar recorded its str