The Pakistan Stock Exchange (PSX) endured a notable shift in momentum on Wednesday as early gains faded amid aggressive profit-taking during the closing hours, dragging the benchmark KSE-100 index into the red. The trading session began on a bullish note, buoyed by encouraging corporate earnings and signs of macroeconomic stability. This initial wave of optimism pushed the KSE-100 up by more th
Oil prices rose 5% on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war, extending gains from the previous session. Brent crude futures were up $3.39, or 5.4%, at $65.98 a barrel at 1018 GMT, while US West Texas Intermediate crude futures were up $3.31, or 5.7%, at $61.81. The US sanctions mean refineries in China and India, major buye
Aqib Mehmood, an entrepreneur connected to the world by a government agency to enhance the nation's exports, has now made Indonesia his base for conducting business, aiming to overcome Pakistan's image problem, which was leading to exploitation by foreign buyers. Mehmood, a business partner at a small enterprise, Masairr, was a student of business studies nine years ago at the Institute of Busi
China’s economy continues to command global attention as its nominal Gross Domestic Product (GDP) reached nearly USD 19 trillion this year, consolidating its position as the world’s second-largest economy after the United States. Despite slower growth compared to the past decade, China remains a central driver of global trade, technology, and investment. Recent projections indicate that the
Asian shares rallied on Friday as Wall Street earnings and signs of a thaw in U.S.-China relations boosted investor sentiment, while oil prices eased following fresh U.S. sanctions on Russian suppliers. Intel results after the close in New York beat expectations, adding to a batch of positive U.S. earnings reports. Japan’s Nikkei share gauge jumped before a speech where the nation’s new prime m