Global oil prices surged by more than two percent as escalating tensions in the Middle East continued to unsettle energy markets, raising concerns about supply disruptions. Read More: Pakistan raises petrol and diesel prices amid global oil pressure Benchmark Brent crude oil climbed to around $107 per barrel, while West Texas Intermediate (WTI) reached approximately $96 per […]
oil prices
Asian markets showed mixed performance as oil rises on Iran tensions
Asian stock markets showed a mixed performance on Friday as rising geopolitical tensions between the United States and Iran kept investors cautious, while oil prices continued to climb amid ongoing uncertainty. Read More: Oil rises further above $100, most Asian stocks fall as Iran war rages A broad regional index of Asia-Pacific shares outside Japan edged up slightly, […]
KSE-100 dropped below 170,000 amid market pressure
Pakistan’s benchmark stock index, the KSE-100 Index, dropped below the 170,000 level on Thursday as bearish sentiment continued to dominate trading at the Pakistan Stock Exchange (PSX). Read More: PSX turns bearish, loses over 1,576 points During intraday trading, the index plunged by more than 2,700 points, falling to 168,828.24 compared to the previous close […]
Oil prices surge near $100 amid Iran tensions
Global financial markets turned cautious on Tuesday as escalating tensions linked to the Iran conflict pushed oil prices sharply higher, raising fresh concerns about supply disruptions and inflationary pressure. Read More: Oil prices surge as Strait of Hormuz closes again Brent crude rose by around 4.5% to $99.78 per barrel, while West Texas Intermediate climbed 5.3% to […]
Global oil prices rise 7% amid Iran-US tensions
Global oil prices have surged following escalating tensions between United States and Iran, with fears of further conflict impacting energy markets. Read More: Govt slashes diesel rate by Rs 32.12 as oil prices fall globally According to market data, Brent crude — the international benchmark — rose by around 5 percent, increasing by $5.13 to reach $95.51 per […]
US extends Russian oil waiver amid global energy pressure
The United States (US) has renewed a waiver allowing countries to purchase sanctioned Russian oil already at sea, in a move aimed at easing global energy pressures triggered by ongoing geopolitical tensions and the Iran conflict. Read More: US ends waiver on India discounted purchases of Russian oil According to the US Department of the Treasury, the waiver permits […]
Govt slashes diesel rate by Rs 32.12 as oil prices fall globally
Prime Minister Shehbaz Sharif has approved a reduction in diesel prices to provide immediate relief to the public, his office said on Friday. The decision lowers diesel prices by Rs 32.12, bringing the rate down from Rs 385.54 to Rs 353.43 per litre. The prime minister directed that the benefits of the fuel price reduction […]
Trump claims imminent victory in Iran conflict
LAS VEGAS: US President Donald Trump has claimed that the United States is close to achieving victory in its conflict with Iran, expressing optimism that the war could end within the next two months. Read More: Trump claims Iran agreed to not to pursue nuclear weapons Speaking at an event in Las Vegas, Trump said […]
Pakistan Stock Exchange staged a strong recovery after recent sell-off
The Pakistan Stock Exchange staged a strong recovery on Tuesday, with its benchmark KSE-100 Index gaining significant ground in early trading after a steep decline in the previous session. Read More: Pakistan Stock Exchange falls as oil spike fuels inflation fears The KSE-100 Index climbed to an intraday high of 165,150.36, rising 4,559.03 points or 2.84%. […]
PSX plunges as US Iran tensions shake investor confidence
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as failed negotiations between Iran and the United States (US) rattled investor sentiment and triggered widespread selling across the market. Read More: PSX surges over 14,137 points amid improving regional situation The benchmark index fell by 5,553.3 points, or 3.32%, plunging to an intraday low […]