Gold and silver prices rose on Wednesday as US Treasury bond yields fell after data showed December retail sales growth stalled, signalling a softening economy ahead of key jobs data. Lower US yields reduce the opportunity cost of holding non-yielding assets such as gold, and they often accompany macroeconomic shifts, like expectations of slower growth or looser policy, that tend to support pre
Oil prices gained on Wednesday, buoyed by escalating risk as US–Iran talks remained tenuous, while signs of an easing surplus spurred by better demand support from India also added strength. Brent crude oil futures were up 55 cents, or 0.80%, at $69.35 a barrel by 0356 GMT. US West Texas Intermediate crude rose 57 cents, or 0.89%, to $64.53. “Oil retains a bullish tail-risk bid as US-Iran ta
As part of its investment plan, Symmetry Group Limited has executed a Share Purchase Agreement (SPA) to acquire LogoDesignGuru (LDG), a US-based digital branding and technology firm. The company informed the Pakistan Stock Exchange (PSX) on Wednesday.According to a notice, LDG operates AI-powered design platforms, digital asset marketplaces, and hybrid design-service models serving internationa
Positive momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during intra-day trading on Tuesday. At 12pm, the benchmark index was hovering at 182,876.49, an increase of 536.11 points or 0.29%. Buying momentum was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OM
Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday reaffirmed Pakistan’s commitment to achieving a general government primary surplus of 1.6 percent of Gross Domestic Product (GDP) under the International Monetary Fund (IMF) programme. In a written response to a questions asked by lawmakers in National Assembly, the minister outlined the fiscal measures being adopted to meet