Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the half year ended June 30, 2026, at a Board of Directors meeting held in Islamabad. PTCL maintained strong growth momentum during the first half of 2026, supported by continued growth across its fixed, enterprise and mobile businesses, alongside t
Gold prices inched lower on Wednesday as the dollar held firm and market participants awaited the Federal Reserve’s policy decision for clues on inflation and the path of U.S. interest rates. Spot gold fell 0.1% to $4,021.87 per ounce by 0052 GMT. U.S. gold futures for August delivery lost 0.4% to $4,021.70. The Fed will conclude its two-day policy meeting on Wednesday and is expected to
Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session’s losses caused by a pause in fighting between Washington and Tehran. Brent futures increased by $2.71, or 3.2%, to $86.80 a barrel at 0002 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.26, or 3.4%, to $81.95. US crude inventories fe
Selling pressure persisted at the Pakistan Stock Exchange (PSX) as escalating tensions in the Middle East took their toll on investor sentiments, with the benchmark KSE-100 Index shedding over 1,800 points during the opening minutes of trading on Friday. At 9:48am, the benchmark index was hovering at 169,885.48, down by 1,853.96 points or 1.08%. Selling was observed in key sectors, including
The Pakistan Stock Exchange (PSX) extended its losing streak on Thursday, with the benchmark KSE-100 Index coming under heavy selling pressure amid escalating geopolitical tensions and a sharp rise in global oil prices. Investor sentiment remained weak as Yemen's Houthi forces reportedly struck tankers in the Red Sea, while Washington carried out another wave of strikes against Iran, raising fr