Gold held steady on Tuesday as investors parsed a partial ceasefire between Hezbollah and Israel and awaited further details on the status of U.S.-Iran talks amid conflicting news. Spot gold was steady at $4,481.53 per ounce, as of 0217 GMT. U.S. gold futures for August delivery gained 0.1% to $4,511.20. “At the start of this week, there was a lot of expectation that maybe we’d get a 60-
Oil prices held on to most of the previous session’s sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washin
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points on Monday. At 9:50am, the benchmark index was hovering at 173,152.71, down by 810.10 points or 0.47%. “The KSE-100 is under intense pressure this morning,” said Behtari Capital. “Investors are treading cautiously ahead of the federal budget, i.e. June 5, and lingering
United Bank Limited (UBL), acting as Mandated Lead Advisor and Arranger, has successfully arranged Pakistan’s largest short-term, rated, unsecured, privately placed Sukuk, raising Rs 25 billion for Engro Fertilizers Limited. The landmark transaction represents another significant milestone in Pakistan’s Islamic capital markets and reinforces UBL’s position as a leading arranger of innovative Sh
Reinforcing its commitment towards sustainable social development and community empowerment, Soneri Bank has partnered with The Citizens Foundation (TCF) to adopt its Chinoy Campus for one year, further strengthening its role in advancing quality education initiatives across Pakistan. As part of the partnership, a MoU signing and plaque installation ceremony was conducted on 21st May 2026 to co