Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-havens amid an escalating US and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. Spot gold was up 1% at $5,377.21 per ounce, as of 0122 GMT. In the previous session, bullion climbed to its highest point in more than four weeks af
Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were at $78.83 a barrel, up $1.10, or 1.4%, by 0107 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, tho
Selling pressure gripped the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions in the region, driving the benchmark KSE-100 Index below the 153,000 level on Monday. At 9:22am, the benchmark index was hovering at 152,991.15 , down by 15,071.01 points or 8.97%. Following the nearly 9% drop, trading activity at PSX was halted and will reopen at 10.22am. “All TRE Certificate
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited, a wholly owned subsidiary of Bestway Cement Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. According to a statement released on Saturday, Bestway Automotive (Private) Limited filed a pre
The UAE has ordered its stock markets closed on Monday and Tuesday as the country reels from Iran’s retaliatory missile and drone strikes, in a sign of the growing economic disruption sweeping the Gulf. The UAE Capital Markets Authority said the Abu Dhabi Securities Exchange and Dubai Financial Market would remain shut on March 2 and March 3, citing its supervisory and regulatory role over the