Gold prices fell on Monday as an escalation in the Middle East war pushed Brent crude above $90 a barrel, heightening inflation concerns as several US Federal Reserve policymakers signalled that interest rate hikes may be needed to curb price pressures. Spot gold was down 0.4% at $4,000.55 per ounce, as of 0058 GMT, after hitting a two-week low on Friday and posting a 2.5% weekly loss. U
Oil prices jumped about 3% on Monday, with Brent oil prices surpassing $90 per barrel, as escalating US-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz. Brent crude futures climbed $2.77, or 3.14%, to $90.87 by 0612 GMT, touching the highest since June 11, extending gains after rising 15.9% last week, its biggest weekly gain since April. US West Texa
Selling pressure was observed at the Pakistan Stock Exchange (PSX) as tensions between the US and Iran escalated further, with the benchmark KSE-100 Index shedding over 500 points during the opening minutes of trading on Friday. At 9:35am, the benchmark index was hovering at 177,562.67, down by 560.89 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, ceme
The Pakistan Stock Exchange (PSX) extended its recovery on Thursday, with the benchmark KSE-100 Index posting another strong gain as investors continued value buying following the previous week's sharp correction. Market sentiment remained upbeat as bargain hunting in fundamentally strong stocks, lifted banking, cement, fertilizer, and power shares. The benchmark KSE-100 Index concluded Thur
Lotte Chemical Pakistan Limited's (PSX: LOTCHEM) profit after taxation more than fivefold to Rs4.31bn for the half-year ended June 30, 2026, compared to Rs741.78m in the corresponding period last year. Earnings per share climbed in tandem, reaching Rs2.85 against Rs0.49 in 1HFY25. Revenue from contracts with customers grew 11.28% year-on-year to Rs44.71bn from Rs40.18bn, while cost of sales