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Reports indicate that European nations, led by Germany, are developing alternative plans for NATO in case the US withdraws from the alliance. These efforts aim to transform the alliance into a more "European NATO."
The Pakistan Stock Exchange (KSE-100) surged, recovering significantly as investors reacted positively to diplomatic signals between the US and Iran, fostering hopes for global peace.
Trump attacks Pope Leo, calling him 'terrible' for foreign policy and 'weak' on crime; US blockade of Iranian ports to start after peace talks collapse
The Pakistan Stock Exchange (PSX) experienced strong bullish momentum, with the KSE-100 index climbing over 1,400 points.
The Pakistan Stock Exchange (PSX) recorded its highest-ever single-day gain, surging over 14,000 points in a remarkable market performance.
Iranul și-a formulat pozițiile și cererile ca răspuns la recentele propuneri de încetare a focului transmise prin intermediari, a declarat luni un purtător de cuvânt al Ministerului Afacerilor…
During a private lunch at the White House, US President Donald Trump reportedly mocked French President Emmanuel Macron and his wife, Brigitte, while also criticizing NATO allies for not engaging in a war against Iran. Trump also remarked that he could accomplish much more if he were a 'king'.
The Pakistan Stock Exchange (PSX) has experienced a strong recovery, with the KSE-100 benchmark index gaining over 1,800 points, driven by buying across key sectors and positive signals from the US. Sentiment further improved, leading to continued rises in the PSX, fueled by hopes for a Middle East deal.
Pakistan is intensifying its diplomatic efforts to de-escalate regional tensions, hosting key US-Iran mediation talks and welcoming foreign ministers from Saudi Arabia, Turkiye, and Egypt for in-depth discussions on advancing peace in the Middle East.
The Pakistan Stock Exchange's benchmark KSE-100 index witnessed a loss of over 2,000 points during intraday trading on Thursday, following a significant recovery the previous day.
The Pakistan Stock Exchange (PSX) rallied over 3,400 points amid strong buying, with the benchmark KSE-100 index holding firm above 157,000 during trading.
K-Electric (KE) has appointed Syed Taha, former PSO MD, as its new chief executive officer, replacing interim CEO Adeeb Ahmad, with the appointment confirmed by PSX and effective April 15.
The KSE-100 index of the Pakistan Stock Exchange fell 0.73% week-on-week as caution prevailed ahead of the Eid break, with a flare-up in the Middle East causing crude oil prices to soar.
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 continued its recovery on Wednesday, surging by over 3,600 points during intraday trade. The index gained 3,619.38 points, or 2.41 per cent, to stand at 153,635.54 points at 12:06pm from the previous close of 150,016.16 points. The PSX had slipped below 150,000 points on Monday as volatile conditions arising from the Middle East conflict and border tensions with Afghanistan sent investors into panic, who sold off their positions. How...
Goldman Sachs has raised its price target for Phillips 66 (PSX) to $186 from $168, citing reasons for the optimistic outlook.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
KSE-100 index slips 319 points on intermittent profit-taking
PSX rallies over 6% as falling oil prices lift investor sentiment Geo News
KSE-100 tumbles over 7,000 points at open amid oil price shock and policy uncertainty
Benchmark index slips to 155,777 as investors stay on sidelines on risk-off mood
Multiple financial institutions have updated their ratings and price targets for various companies, including Wells Fargo raising Globe Life (GL) target, Bank of America downgrading Fox (FOX), KeyBanc raising Zoom (ZM) target, H.C. Wainwright raising United Therapeutics (UTHR) target, Bernstein upgrading Newmont (NEM), analysts maintaining a hold on PepsiCo (PEP), Truist raising BILL Holdings (BILL) target, Barclays reiterating a buy on Charles Schwab (SCHW), Barclays upgrading Etsy (ETSY) and Truist raising its target, Goldman Sachs cutting Pinterest (PINS) target and RBC downgrading shares, Wells Fargo maintaining a hold on Hewlett Packard Enterprise (HPE), UBS upgrading Southwest Airlines (LUV), Stifel raising Triple Flag Precious Metals (TFPM) target, Barclays raising Phillips 66 (PSX) target, and Veritas downgrading Suncor Energy (SU).
KSE-100 recovers from 3,000-point plunge before partial recovery, exchange logs fifth negative week
The KSE-100 index of the Pakistan Stock Exchange experienced a significant drop of over 1,600 points due to persistent selling pressure in key sectors like banking, energy, and cement.
PSX resumes slide as US-Iran tensions, roll-over weigh on risk appetite Geo News
The Pakistan Stock Exchange's KSE-100 index fell 3.6% week-on-week to 173,170, extending its bearish run for a second consecutive week amid relentless foreign selling.
The Pakistan Stock Exchange (PSX) saw a significant gain of 4,300 points, driven by renewed hopes for a revival of US-Iran talks. Investors reacted positively to the potential for de-escalation and improved regional stability.
The Pakistan Stock Exchange (PSX) has shown a significant recovery, regaining over 4,000 points during intraday trade. This rebound follows a period of heavy sell-off in the market.
Gold drops as inflation worries linger on failed US-Iran talks The Star
The KSE-100 index of the Pakistan Stock Exchange saw a mild pullback, falling 0.18 percent. This cooling off period follows a significant 9 percent surge recorded just a day prior.
Livrarea are loc în urma unei relaxări temporare a sancțiunilor impuse de SUA asupra petrolului și produselor rafinate iraniene, menită să atenueze deficitul de aprovizionare.
The Pakistan Stock Exchange (PSX) ended in the red, with the KSE-100 index slipping, as it struggles for direction amidst an oil shock and broader macroeconomic pressures.
President Donald Trump has stated that the US will conclude its attacks on Iran within two to three weeks, regardless of a deal, and emphasized that securing the Strait of Hormuz is not America's responsibility. This optimism has led to Brent oil prices falling below $100, though analysts warn that normalizing oil flows could take weeks even after a conflict resolution.
European and world stock markets, including Asian equities, are experiencing downward trends for the fifth consecutive week due to intensifying Middle East conflict, which has also caused oil prices to surge towards $117 per barrel and led to a rebound in soybean and corn prices, further fueled by fears of escalation in Iran.
The Pakistan Stock Exchange (PSX) gained over 478 points, with the KSE-100 index climbing to 153,386 amid high volume trading as investors anticipate a recovery in volatility.
KSE-100 slips to near 153,300 level on broad-based selling pressure
Global energy markets are reacting to perceived easing tensions and signs of progress in resolving the Middle East conflict, with oil prices tumbling and US stock futures climbing, impacting the broader global economy.
The Pakistan Telecommunications Authority (PTA) has granted technical approval for the merger of Telenor Pakistan and Ufone, with the Pakistan Stock Exchange (PSX) to be informed of the development.
The KSE-100 index of the Pakistan Stock Exchange has fallen below the 152,000 mark, dropping over 28,000 points, attributed to broad-based selling and profit booking by investors.
The Pakistan Stock Exchange (PSX) rebounded, with its index climbing 837 points to close above 150,000, driven by a late-session rally and blue-chip buying.
The U.S. has stated its capability to provide a reliable energy supply to the Asia-Pacific region, a commitment made as oil and gas prices have surged following recent military actions in the Middle East, reassuring the region of its energy security.
PSX mixed as oil price spike weighs sentiment, IMF talks limit downside Geo News
The Pakistan Stock Exchange (PSX) reversed an early rally and closed lower, influenced by a jump in global oil prices.
Pakistan’s benchmark KSE-100 index advanced 9,303.75 points, or 6.35 per cent, during early trading on Tuesday, triggering a temporary market halt after the sharp rally. Following the surge, trading was suspended in accordance with regulations of the Pakistan Stock Exchange (PSX), according to an official notice issued by the exchange. The notification stated that the halt was triggered after the KSE-30 index recorded a 5pc increase from the previous trading day’s close, activating the exchan...
Geopolitical tensions weigh heavy: KSE-100 plunges 3,715 points to 157,496
KSE-100 shakes off gains, dips to 155,777 amid global risk-off sentiment
Crude oil prices have risen sharply, while stocks are down, as investors weigh the fallout of the US-Israeli attacks on Iran.
The KSE-100 index of the Pakistan Stock Exchange shed 5,108 points, ending a turbulent week down by 2.9%, primarily due to war concerns and broader geopolitical fears.
Pakistan’s benchmark equity index, the KSE-100, had gained 1092.95 points as of 11:31am on Thursday, signalling a modest recovery during early intraday trading. The advance places the index 0.66 per cent above its previous close of 164,626.29 points. So far in the session, the index has touched an intraday low of 162,953.63 and a high of 165,827.14. The 2,873.51 point range reflects the elevated volatility that has persisted from earlier in the week into today’s trading. Investor sentiment re...
Despite late recovery, KSE-100 index sheds 1,433 points amid sharp swings
KSE-100 index drops 3.16% amid nervous positioning ahead of IMF review
Several stocks, including Walmart, Hims & Hers, Carvana, and Figma, are experiencing notable movements in premarket trading.
The International Monetary Fund has lowered its global growth forecast and issued a warning about a potential worldwide recession. This outlook is largely attributed to the escalating conflict in the Middle East and its impact on energy markets.
After US-Iran negotiations collapsed in Islamabad, President Trump ordered a naval blockade of the Strait of Hormuz, threatening to eliminate Iranian ships approaching the blockade zone. NATO allies refused to join, and oil markets surged on supply fears.
The Pakistan Stock Exchange (PSX) experienced a significant 11% surge, with the KSE-100 index closing at 167,191 points, driven by optimism surrounding a potential ceasefire in the Middle East.
The KSE-100 index of the Pakistan Stock Exchange experienced a slight dip in a post-rally consolidation phase, though volume remained robust, indicating resilience amid a mild correction.
Following the US-Iran ceasefire deal and the unblocking of the Strait of Hormuz, global markets are showing significant reactions, with oil prices collapsing from $117 to $95 per barrel and stock markets soaring in Asia and Europe. Shipowners are also preparing for the reopening, with approximately 800 vessels poised to resume passage through the critical waterway.
Global stock markets, oil futures, and specific company performances are experiencing volatility, while geopolitical uncertainty rises, following developments in the Middle East conflict and former President Donald Trump's statements regarding Iran. Economic forecasts for the war and economy range from bad to much worse, and family offices are stalling deal-making due to the conflict, though megadeals continue.
PSX buoyed by hopes of near-term resolution to war Geo News
Brent crude oil prices are surging towards a four-year high amid the widening Middle East conflict and U.S. President Donald Trump's explicit statements about seizing Iran's oil, including Kharg Island's terminal. Iran's Speaker Ghalibaf has also commented on how to profit from Trump's actions, further escalating market risks and geopolitical tensions.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Raymond James has set a $205 price target for PSX, as the company's refining margins have nearly doubled.
The Pakistan Stock Exchange's benchmark KSE-100 index recovered by over 1,200 points during intraday trade, gaining 1,245.93 points to reach 153,986.30 points.
Analysts have provided their expert insights and recommendations on specific energy companies, including Phillips 66 (PSX) and LandBridge Company LLC Class A (LB).
The Pakistan Stock Exchange (PSX) experienced a significant surge, fueled by lower oil prices and a rebound in regional markets, leading to increased share buying in key sectors.
The KSE-100 index of the Pakistan Stock Exchange climbed 837.50 points, closing above 150,000, driven by a late-session rally and blue-chip buying.
Benchmark index records seventh straight negative week, shedding 3,630 points
Index hits 157,080 high and 153,504 low in wide trading range
The Pakistan Stock Exchange (PSX) saw a slight fall in range-bound trading, with the KSE-100 index losing 318 points, as investors remained cautious due to geopolitical uncertainty and mixed global cues.
Market opens for trading and records a high of 158,354.12 points, while the day’s low stands at 155,294.65 points
KSE-100 jumps 3.5% to 161,211 amid renewed investor confidence
PSX rebounds as market recovers over 2,000 points after steep slide Geo TV
The Trade and Industry Minister said in parliament that global energy prices could rise if the conflict continues.
The ongoing conflict in Afghanistan has caused the KSE-100 index on the Pakistan Stock Exchange to dip significantly, experiencing an 831-point drop after an intra-day plunge.
Phillips 66 (PSX) is focused on navigating and capitalizing on opportunities within the dynamic energy markets.
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 began another week on a low note, crashing more than 5,000 points during intraday trade on Monday. The development led to the market being suspended as per the protocol. The KSE-100 index declined 5,478.63 points, or 3.16 per cent, to stand at 167,691.08 points from the previous close of 173,169.71 points at 1:30pm. This marks at least the third major meltdown at the PSX in the past two weeks, with KSE-100 losing 5,149.80 points on F...
Markets do not move in straight lines; bourse has faced multiple 7-15% consolidations even within strong bull cycles
Pakistan Stock Exchange (PSX) benchmark index, the KSE-100, was down 2,242.94 points by 11:05am on Monday. The index lost 1.25 per cent from its previous close of 179,603.73 at a trading volume of 64,643,373, and a value of 6,328,293,511. The top active stocks were led by Trust Securities & Brokerage Limited, rising 20.42pc to Rs2.30 at a volume of 16,560,745, followed by K-Electric Limited falling 1.75pc to Rs8.40 at a volume of 13,638,928, and Beco Steel Limited rising 3.94pc to Rs6.33 at a volume of 11,858,071. The top advancing stocks were led by Trust Securities & Brokerage Limited, followed by 786 Investments Limited, rising 10.03 to Rs17.88, and Tariq Corporation Limited(Pref), rising 10.01 to Rs16.93. The top decliners were Ecopack Limited, down 10.01pc to Rs48.57; ZIL Limited, down 10.00pc to Rs454.93; and Chashma Sugar Mills Limited, down 10.00pc to Rs97.51. Bears remained dominant in the market last week, with Topline Securities noting that the ongoing negative momentum was due to the “ongoing result session, where corporate results fell short of investors’ expectations”.