Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening hours of trading on Friday. At 10:35am, the benchmark index was hovering at 161,704.79, an increase of 1,047.30 points or 0.65%. Buying was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration comp
Federal Minister for Investment and Chairman of the Board of Investment (BOI), Qaiser Ahmed Sheikh, held a meeting on Thursday with the delegation from Nova Minerals Ltd, a US-based mining exploration and development company listed on the ASX and NASDAQ, focusing on gold, antimony, and rare earth minerals. During the discussion, the Nova Minerals delegation expressed strong interest in explorin
Oil prices rose more than 2% on Friday after a Ukrainian drone attack damaged an oil depot in the Russian Black Sea port of Novorossiysk. Brent crude futures rose $1.34, or 2.13%, to $64.35 a barrel by 0227 GMT, while U.S. West Texas Intermediate crude rose $1.40, or 2.39%, to $60.09 a barrel. The operational headquarters of Krasnodar region, writing on Telegram, said drone fragments hit thr
Maple Leaf Cement Factory Limited (MLCF) has moved to acquire a majority stake in Pioneer Cement Limited (PIOC), submitting an intention to purchase at least a 58.03% shareholding to the Pakistan Stock Exchange (PSX). “Next Capital Limited, vide its letter dated November 13, 2025, which was disclosed to the PSX, has announced that on behalf of Maple Leaf Cement Factory Limited (acquirer), it ha
The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Friday. At 10am, the currency was hovering at 280.52, a gain of Re0.24against the greenback. On Thursday, the local unit closed at 280.76. Globally, the US dollar struggled to claw back steep losses on Friday and was on track for a weekly fall, as inve