As geopolitical tremors from the escalating conflict between Iran and Israel reverberate across the Middle East, most Gulf stock markets closed lower on Wednesday, reflecting palpable investor anxiety. The intensifying six-day-old hostilities have ignited fears of wider regional instability, prompting a cautious retreat among traders. Adding to the unease, Iran’s Supreme Leader Ayatollah Ali Khamenei … Read more
Due to a significant decline in global crude oil prices, there is speculation that petroleum product prices in Pakistan may also see a reduction this month. Recently, crude oil prices dropped nearly 2 percent to a six-week low, driven by growing hopes of a cease-fire in Gaza and concerns over China’s rising demand. In response … Read more
Crude oil prices have recently witnessed a dip in the worldwide market, with Brent crude futures declining to $82.12 per barrel in the US. West Texas Intermediate crude is dropping to $76.95. This downturn, however, spells potential trouble for consumers in Pakistan, as petroleum product prices are expected to surge. Reports suggest a possible increase … Read more
KARACHI: The Pakistan stocks witnessed a bullish trend at midday, as the KSE-100 Index registered an increase of 5.32 points, or 0.01 per cent, on Wednesday. The Pakistan stocks observed a profit-taking session on Tuesday, as the global markets turned red, amid concerns over the rapid spread of the Omicron virus globally. The current account … Read more
