Gold prices were muted on Thursday, pressured by expectations of further Federal Reserve policy tightening, though a dip in oil prices offered some support. Spot gold was down 0.1% at $4,281.98 per ounce, as of 0155 GMT. US gold futures for December delivery were little changed at $4,317.50. “Investors are currently focused on the Fed’s higher-for-longer stance following last week’s rate
Oil prices edged lower on Thursday, after climbing 4% in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so. Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures eased 59 cents, or 0.7%, to $91.56. Iran and the United States remain divided over
Pakistan Stock Exchange (PSX) on Tuesday overcame a bout of profit-taking in the afternoon and ended trading on a firmer note as renewed buying helped the market recoup losses. Investor interest was bolstered by expectations of a breakthrough in efforts to resolve the US-Iran conflict, although profit-booking later in the session trimmed gains. The decline proved temporary as buyers returned to
Ittehad Chemicals Limited (PSX: ICL) recorded a 16% increase in its consolidated net profit for the year ended June 30, 2026, with profit after income tax climbing to Rs1.50bn from Rs1.29bn in the corresponding period last year. Showing this steady bottom-line growth, the company's basic and diluted earnings per share (EPS) expanded to Rs15.01 from Rs12.90 in FY25. The Board of Directors has
Macter International Limited (PSX: MACTER) reported a 14% drop in its consolidated net profit for the fiscal year ended June 30, 2026, recording Rs675.17m compared to Rs786.93m in the preceding year. Reflecting this bottom-line compression, basic and diluted earnings per share (EPS) for the year stood at Rs14.83, down from Rs16.95 in FY25. The primary factor weighing on final earnings was hi