Gold rose on Monday as oil prices tumbled after US President Donald Trump held off on a fresh attack on Iran in hopes of a swift deal, slightly easing concerns about inflation and higher interest rates. Spot gold was up 0.7% at $4,067.06 per ounce, as of 0023 GMT. U.S. gold futures rose 0.9% to $4,065.60. Trump said late on Saturday on his Truth Social platform that Iran and other Middle
Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4.08, or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%. Both contracts jumped more
After days of selling pressure, buying returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,400 points during the first half of the trading session on Friday. At 12:03pm, the benchmark index was hovering at 176,926.74, up by 1,378.76 points or 0.79%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fert
Bank Alfalah Limited (BAFL) reported a profit after tax (PAT) of Rs21.32 billion during the half-year ended June 30, 2026, representing an increase of 39.6% compared to Rs15.27 billion recorded in the same period last year. According to the latest financial results, the Board of Directors of BAFL also declared a second interim cash dividend of Rs1.5 per share, i.e., 30%, cumulatively bringing t
The government discussed abolishing Right-of-way (ROW) fees, among other measures, for telecom infrastructure as part of a proposed National Connectivity Plan (NCP) aimed at accelerating fibre-optic network deployment and expanding high-speed internet access, read an official statement on Friday. Federal Minister for Economic Affairs Ahad Cheema chaired a meeting on the NCP, joined by the Minis