Oil prices rose more than 1 percent on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to US-Israeli war on Iran, now in its third week. Brent crude futures gained USD1.33, or 1.3 percent, to USD101.53 a barrel by 1515 GMT while US West Texas Intermediate (WTI) crude advanced USD1.2
Selling continued at the Pakistan Stock Exchange (PSX) as tensions in the Middle East kept investors wary, with the benchmark KSE-100 Index shedding nearly 1,600 points during the opening minutes of trading on Monday. At 10:45am, the benchmark index was hovering at 152,299.86, down by 1,566.30 points or 1.02%. Selling pressure was observed in key sectors, including automobile assemblers, cem
Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike. In a possible hint of hope, the Wall Street Journal reported the Trump administration plans to announce as early as this week that multiple countries have agreed
The Securities and Exchange Commission of Pakistan (SECP) increased on Saturday the investment limit for Sahulat Accounts from Rs1 million to Rs3 million. The move aims to make stock market investment easier and more accessible for small retail investors, the SECP said in a press release today. SECP has also allowed investors to open Sahulat Accounts with multiple licensed securities brokers
Pakistan imported mobile phones worth $1.295 billion in the first eight months (July-February) of the current fiscal year 2025-26 compared to $999.555 million during the same period of last year, registering a growth of over 29.59% growth. Official data revealed that in terms of rupees, the total value of mobile phone imports stood at Rs364.684 billion during July-February 2025-26, compared to