Oil prices rose more than $1 on Wednesday as the US-Israeli war on Iran disrupted Middle East output and halted exports from the region. Brent rose $1.11, or 1.4%, to $82.53 a barrel, after closing at its highest since January 2025 on Tuesday. US West Texas Intermediate crude rose 79 cents, or 1.1%, to $75.37, after settling at its highest since June. Israeli and US forces struck targets a
A day after observing a massive selloff, buying momentum returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 2,900 points during the opening minutes of trading on Tuesday. At 9:40am, the benchmark index was hovering at 154,878.85, up by 2,905.86 or 1.91%. Buying was observed in key sectors, including cement, commercial banks, fertilizer, E&Ps, OMCs an
Stocks resumed their selloff and the dollar strengthened in early Asian trading on Tuesday as investors considered the implications of US and Israeli strikes on Iran on energy prices and the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% to extend losses for a second day, led by a 2.5% tumble in Korean shares, while Tokyo’s Nikkei 225 slumped 0.8%. S&P 500
Cement despatches increased by 12.53 percent in February 2026 as total despatches during the month were recorded at 4.199 million tons against 3.732 million tons despatched during the same month of last fiscal year. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the industry during the month of Feb-26 were 3.467 million tons c
Pakistan’s automobile industry remains structurally uncompetitive due to high entry barriers, inconsistent policies, and market distortions, the Competition Commission of Pakistan (CCP) warned in its automobile sector study. These challenges are limiting investment, innovation, and consumer welfare, the report notes. The study highlighted that market contestability - the ease with which new fir