Business Recorder

Buying returns to PSX, benchmark index up nearly 600 points in early trade

A day after massive selling, buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 600 points during the opening minutes of trading on Tuesday. At 9:50am, the benchmark index was hovering at 171,157….

#ABHIBank

Business Recorder

Biafo Industries Limited appoints new CEO

Biafo Industries Limited (BIFO) announced on Tuesday key appointments. The development was shared in a notice to the Pakistan Stock Exchange (PSX) today. The company said that Matin Amjad was appointed as the new Chief Executive Officer (CEO) with…

#BiafoIndustries

Business Recorder

Gunman kills six people, then himself, in eastern Iowa, police say

A gunman killed six ​people and ‌himself during a series of ​shootings ​in several locations of ⁠Muscatine, Iowa, ​a waterfront ​city across the Mississippi River from ​Illinois, police ​said. A preliminary investigation into ‌the ⁠gun violence in…

#Iowa #Crime

Business Recorder

Oil swings keep Indian rupee outlook precarious, foreign stock sales amplify strain

MUMBAI: The Indian rupee is expected to retain a bias towards depreciation on Tuesday as uncertainty over U.S.-Iran peace talks keeps oil prices volatile, ​while persistent foreign selling of Indian stocks heaps additional pressure. The rupee is e…

#CrudeOil #Rupee

Business Recorder

Indian shares to open lower as Iran war, fund outflows continue to weigh

Indian shares are likely to open lower on Tuesday as persistent anxiety around the war in the Middle East and unprecedented foreign outflows ​pressure markets. Brent crude futures hovered around $94 per barrel amid stalled peace ‌talks between the…

#IranWar

Business Recorder

Gold steady amid uncertainty over US-Iran peace negotiations

Gold held steady on Tuesday as investors parsed ‌a partial ceasefire between Hezbollah and Israel and awaited further details on the status of U.S.-Iran talks amid conflicting news. Spot gold was steady at $4,481.53 per ounce, as of 0217 GMT. ​U.S…

#IranNegotiation #GoldPrice

Business Recorder

Asia stocks skittish as Middle East anxiety offsets AI optimism

SINGAPORE: Asian stocks made a cautious start to trading on Tuesday as uncertainty over ‌whether the ceasefire in the Middle East conflict would hold capped the lift to sentiment from renewed optimism around AI. MSCI’s broadest index of Asia-Pacif…

#MiddleEast

Business Recorder

Dollar steady as traders await progress on Middle East peace talks

TOKYO: The ​ U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon ‌announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on…

#Dollar

Business Recorder

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil prices held on to most of the previous session’s sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the ​Strait of Hormuz. U.S. President Do…

#OilPrice #IranNegotiation

Business Recorder

Zardari approves appointment of Acting CJ of FSC

ISLAMABAD: President Asif Ali Zardari has approved the appointment of the Acting Chief Justice of the Federal Shariat Court. According to an official statement, the President approved the appointment of Justice Dr Syed Muhammad Anwar as the Acting…

#AsifAliZardari