Oil prices fell for a third day on Friday as easing concerns over Saudi supply disruptions outweighed anxiety about a widening the Middle East conflict amid fresh fighting between Saudi Arabia and Yemen’s Houthis. Brent crude futures fell 79 cents, or 0.75%, to $104 a barrel by 0319 GMT, while US West Texas Intermediate futures fell 70 cents, or 0.69%, to $101.20 a barrel. Both benchmarks cl
Gold inched higher on Friday as lower oil prices and a subdued US dollar offered support, while market participants kept their focus on developments in the Middle East and the outlook for global monetary policy. Spot gold was up 0.2% at $4,346.65 per ounce, as of 0145 GMT. US gold futures were down 0.3% at $4,385.70. Oil prices fell 1%, while the dollar remained subdued after retreating from
Investor confidence dipped at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index opened in the red and remained in the same zone, with selling pressure spreading across major sectors amid elevated oil prices and Middle East supply disruptions. The benchmark index lost 1,370.52 points, or 0.81%, to close at 168,021.80. During the day, it traded between the high of 169,382.01 and
Pakistan’s benchmark KSE-100 Index reversed Tuesday’s gains on Wednesday, falling 1,370.52 points or 0.81% to close at 168,021.80, as profit-taking and renewed selling across banks, fertilizer and cement stocks weighed on the market. The decline came after the previous session’s strong rebound, with investors booking gains and trimming positions in key index-heavy stocks. Selling pressure remai
he cement sector showed stable performance in the fiscal year 2026, as it continued to transition from stabilization towards growth. The KSE-100 listed sector recorded a 13% YoY growth in net profits, which clocked in at Rs143bn as against Rs126bn in the previous fiscal year. LUCK, BWCL, and FCCL collectively represented 62% of the cement sector’s total profitability in FY26. LUCK stood o