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
TPL REIT Fund I has announced that it is evaluating a potential divestment from HKC (Private) Limited through the sale of land associated with its Project-B One Hoshang development. The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “We are pleased to inform you that TPL REIT Fund I (Fund) has decided to undertake the potential disposal/divestme
The Pakistan Stock Exchange (PSX) staged a mild rebound on Wednesday, following a steep fall the previous day, as the KSE-100 index advanced 313 points to settle at 158,184. Investors were wary of the ongoing political and security developments and only slightly built their positions. The benchmark index moved between the intra-day high of 159,516 and low of 157,204. Although the market mana