Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, after investors sought the safe-haven metal as uncertainty grew over a widening Middle East conflict. Spot gold was up 1% at $5,124.73 per ounce, as of 0255 GMT. The metal has lost roughly 3% so far this week, set to snap a four-week winning streak, as fading rate-cut prospects and higher energy prices s
Oil fell for the first time in six days as the US government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war. Brent crude futures were down $1.14, or 1.33%, to $84.27 per barrel and West Texas Intermediate down $1.46, or 1.8%, to $79.55 as of 0251
LSE Capital Limited announced on Friday that the Securities and Exchange Commission of Pakistan (SECP) had cancelled its license to operate as a Modaraba Management Company. The listed company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. The notice said that the SECP had accepted LSE’s request “for voluntary de-registration and has de-registered its Modaraba Management C
Buying interest returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 2,600 points during the intraday trading on Thursday. At 11:15am, the benchmark index was hovering at 158,346.88, an increase of 2,569.67 points or 1.65%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies
International Packaging Films Limited (IPAK), a listed manufacturer of flexible packaging films, outlined its export resilience and structured sourcing strategy during a corporate briefing with analysts and investors on Tuesday. The company’s management emphasized that IPAK has developed a structured procurement framework designed to mitigate supply-chain disruption risks. While a significant s