Oil prices rose 2% on Tuesday to their highest in four weeks, as the US reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while US West Texas Intermediate crude rose $1.65, or 2.1%, to $79.79 a barrel. Brent crude sur
The Pakistan Stock Exchange (PSX) opened the week on a sharply negative note, with the benchmark KSE-100 Index extending last week's losses as investors reacted to a fresh escalation in geopolitical tensions in the Middle East. Market sentiment remained under pressure after the United States and Iran exchanged fresh military strikes in an escalating contest over control of the Strait of Hormuz,
Pakistan Stock Exchange (PSX) has notified the listing of LSE SPAC-II Limited (SPAC2), with trading in the company's shares commencing on the Main Board from Monday, July 13, 2026. According to the notice, the shares of LSE SPAC-II Limited will be settled on a T+1 basis, with the first settlement date scheduled for Tuesday, July 14, 2026. The market lot of the company has been fixed at one s
The benchmark KSE-100 Index closed the week ended July 10, 2026 at 182,241.78 points, losing 3,130.43 points, or 1.69%, on a week-on-week basis from 185,372.21 points recorded on July 03, 2026. Investor sentiment remained under pressure during the week as escalating geopolitical tensions in the Middle East and fears of potential disruptions to global oil supplies dampened risk appetite. Conc
Pakistan's IT exports rose to approximately $4.5bn in FY2025-26, up from $3.475bn in the corresponding period last year, as the country's digital export economy entered a more mature and strategically diversified phase. Data compiled by the Pakistan Bureau of Statistics (PBS) shows the sector maintained uninterrupted growth through the year. Beyond traditional software development services,