Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the US-Iran war that has disrupted shipments still seems unlikely. Front-month Brent futures rose $0.62, or 0.7%, to $84.39 a barrel as of 0055 GMT after dropping 7% in the previous session to a three-week low. US West Texas Inter
The Pakistan Stock Exchange (PSX) opened the week on a strong note, with the benchmark KSE-100 Index advancing over 2,700 points in early trading as broad-based buying emerged across key sectors, led by commercial banks, cement, oil & gas exploration, and fertilizer stocks. The positive momentum came as investors took cues from easing geopolitical tensions after US President Donald Trump called
The Pakistan Stock Exchange (PSX) has completed the re-composition exercise of its Oil & Gas and Banking Sector Tradable Indices for the review period from January 1, 2026 to June 30, 2026, with no change made to the constituents of either index. The exercise was carried out in accordance with the selection criteria laid out in the exchange's brochure for the two indices, available on the PSX w
Zuma Resources Limited (PSX: ZUMA) shareholders have approved sub-dividing the company's ordinary shares from a face value of Rs10 each to Rs2 each, splitting each existing share into five ordinary shares, at an Extraordinary General Meeting held on August 1, 2026, at the company's registered office. The resolution passed under Section 85(1)(c) of the Companies Act, 2017, keeps the company's to
Kohinoor Textile Mills Limited (PSX: KTML) recorded an 18% increase in its consolidated net profit for the year ended June 30, 2026, with profit after taxation climbing to Rs26.88bn from Rs22.77bn in the corresponding period last year. Showing this healthy bottom-line growth, the company's earnings per share (EPS) expanded to Rs14.77 from Rs12.24 in FY25. The top-line performance was encoura