Oil prices climbed in early trade on Friday on supply concerns after Yemen’s Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July. Brent crude futures rose 86 cents, or 0.75%, to $115.74 a barrel as of 0122 GMT. US West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.71%, to $102.72. For the month, Brent was on cour
Gold prices slipped on Friday as higher oil prices and robust US inflation data strengthened the case for another Federal Reserve interest rate hike later this year. Spot gold was down 0.5% at $4,000.54 per ounce by 0511 GMT, while US gold futures for December delivery dropped 0.5% to $4,010.10. Bullion was on track for a second consecutive monthly decline. “Gold’s slide is asking serious qu
The Pakistan Stock Exchange (PSX) put on an impressive show on Wednesday as the benchmark KSE-100 index staged a strong rally, driven by accelerating purchases in the final hours despite lingering concerns over monetary tightening and rising international oil prices. The market opened on a steady note and quickly advanced, reaching 164,830.55, up 363.35 points, or 0.22%, within minutes of the o
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 400 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 166,104.36, up by 367.61 points or 0.22%. Buying was observed in key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and
Gold prices in Pakistan increased by Rs3,500 per tola on Wednesday, despite a slight decline in international market, as investors awaited the US Federal Reserve's monetary policy decision and comments from its chair for clues about the future path of rates. In the local market, gold prices rose to Rs425,636 per tola, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Ass