The Pakistan Stock Exchange (PSX) began the week with a strong rally on Monday, as the benchmark KSE-100 index gained more than 4,500 points during early trading amid improving investor confidence driven by easing geopolitical tensions and falling global oil prices. Read More: PSX gains as lower oil prices lift investor confidence By 9:50am, the KSE-100 index […]
oil prices
Oil prices plunge 5% as US-Iran pause eases supply fears
Global oil prices fell more than 5% on Monday after the United States and Iran paused military strikes over the weekend, boosting hopes that diplomacy could help ease tensions and restore disrupted energy supplies. Read More: Oil prices fall up to 10% in global markets Brent crude futures dropped $4.89, or 5.05%, to $91.89 per barrel, […]
US and Iran conflict deepens with fresh military strikes across the Gulf
The United States(US) and Iran exchanged fresh military strikes across the Gulf on Friday, intensifying fears of a wider regional conflict as both sides escalated retaliatory attacks and tensions spread beyond the Strait of Hormuz. Read More: Trump threatens Iranian infrastructure after Houthis block Red Sea Artery Iran said it launched drone strikes targeting US military […]
Petrol, diesel prices rise again under daily pricing mechanism
The government on Thursday increased petroleum prices once again under the daily pricing mechanism, raising the price of petrol by Rs4.40 per litre and high-speed diesel by Rs3.62 per litre. According to an official notification issued by the Oil and Gas Regulatory Authority (OGRA) and the Petroleum Division, the revised prices took effect immediately. The […]
PSX declines as oil prices fuel market fears
The Pakistan Stock Exchange (PSX) remained under pressure on Friday, extending losses from the previous session as escalating tensions between the United States and Iran, combined with soaring global oil prices, weighed heavily on investor confidence. Read More: PSX had fallen 419.87 points to 175713.69 points on market During intraday trading, the benchmark KSE-100 Index dropped […]
US expands airstrikes on Iran after Red Sea attacks
The United States (US) launched a fresh wave of airstrikes on Iran early Friday, marking the 13th consecutive day of military action, after attacks on two Saudi oil tankers in the Red Sea heightened tensions across the Middle East and threatened global energy supplies. Read More: Trump warns Houthis after Red Sea strikes According to US […]
Oil hits six-week high on Middle East risks
Oil prices climbed to their highest level in more than six weeks on Thursday as escalating Middle East tensions heightened concerns over global energy supplies. Rising risks to key shipping routes supported gains in both Brent crude and US West Texas Intermediate futures. Brent crude futures rose $2.20, or 2.3%, to $96.27 a barrel after […]
Oil prices edged higher as United States launched another round of strikes on Iran
Global oil prices posted modest gains on Wednesday after the United States launched another round of military strikes on Iran, heightening concerns over potential disruptions to global energy supplies amid escalating tensions in the Middle East. Read More: Oil tops $87 amid US–Iran tensions Brent crude futures rose by 50 cents, or 0.55%, to $91.51 per barrel, while […]
PSX gains as lower oil prices lift investor confidence
The Pakistan Stock Exchange (PSX) recorded gains on Tuesday as easing international oil prices and renewed hopes for diplomatic progress between the United States and Iran improved investor sentiment. Read More: PSX losses by more than 3,000 points amid rising oil prices The benchmark KSE-100 Index reached an intraday high of 178,370.45 points, gaining 2,442.72 points […]
Oil prices eased as mediation efforts between the US and Iran offset conflict fears
Global oil prices edged lower on Tuesday as renewed diplomatic efforts to reduce tensions between the United States (US) and Iran helped calm markets, despite continued military exchanges and fresh threats to energy supplies in the Middle East. Read More: Rubio accuses Iran of using Strait of Hormuz as pressure tool Brent crude futures fell […]