The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday as the benchmark KSE-100 Index surged to an intraday high of 179,986.90 points, gaining 2,947.08 points, or 1.66%, driven by monetary policy stability, easing global oil prices and optimism over improving geopolitical conditions. Investor sentiment remained strong after the State Bank of Pakistan (SBP) […]
oil prices
Oil slips 4% over hopes of Hormuz reopening
Oil prices slipped to their lowest since March on Monday after US President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and […]
PSX rallies as US-Iran deal and oil fall boost confidence
KARACHI: The Pakistan Stock Exchange (PSX) recorded a strong rally on Monday as investor sentiment improved following a breakthrough US-Iran peace deal, a sharp decline in global oil prices and optimism over Pakistan’s latest federal budget. The benchmark KSE-100 Index surged to an intraday high of 176,917.76 points, gaining 4,517.86 points, or 2.62%, before fluctuating […]
Oil prices surge as US-Iran tensions threaten supplies
Global oil prices climbed sharply on Thursday after tensions between the United States and Iran intensified, raising fresh concerns about energy supplies from the Middle East. Investors reacted to reports of further military escalation and growing uncertainty surrounding one of the world’s most important oil transportation routes. Brent crude rose by $1.48 to reach $94.58 […]
Oil climbs as US-Iran tensions flare again
Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the US military launched new strikes against Iran and as market data showed another large draw in US crude stocks. Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while US West Texas […]
Oil prices jump as Middle East tensions escalate
Global oil prices surged on Monday after renewed military tensions in the Middle East raised fears of prolonged supply disruptions and further instability in energy markets. Read More: PSX tumbles as Middle East tensions fuel oil price surge Brent crude futures climbed by more than $3 a barrel, rising 3.39 percent to $96.24 per barrel, while US […]
PSX tumbles as Middle East tensions fuel oil price surge
The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday as escalating tensions in the Middle East and a sharp rise in global oil prices dampened investor sentiment and raised concerns about Pakistan’s economic outlook. Read More: PSX gains as oil prices ease on diplomacy hopes The benchmark KSE-100 Index fell more than 1% […]
FCCI welcomes decrease in oil prices
The business community, including the Faisalabad Chamber of Commerce and Industry (FCCI), welcomed the decrease in oil products prices and said that reduction in the prices of petrol and high-speed diesel (HSD) by Rs 22 per liter would provide major relief to citizens and the industrial sector. In a statement here on Saturday, FCCI Vice […]
Oil prices fall 2% as market awaits possible US-Iran ceasefire deal
Oil futures fell 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension. Brent crude futures for July, which expire later on Friday, were down $1.89, or 2%, at $91.82 a barrel by 1309 GMT. […]
Iran war drives sharpest petrol demand fall in years
Fuel consumption in the United Kingdom has recorded its steepest decline in six years as rising energy prices linked to the US-Iran conflict continue to pressure households. Motorists have reduced travel and fuel usage as costs surge across transport and essential goods markets. According to official data released on May 22, petrol and diesel sales […]