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Hormuz traffic drops after fresh vessel attacks fuel security concerns

Some ships continue to cross the waterway after strikes, but shipowner confidence remains uneven Commercial traffic through the Strait of Hormuz continued at a reduced pace over the weekend after attacks on two vessels renewed concerns over the safety of one of the world’s most important energy chokepoints. Tracking data showed that some open transits … Read more

PSX sheds over 300 points in midday trade

KARACHI: The Pakistan Stock Exchange (PSX) traded in a volatile range on Monday, with the benchmark KSE-100 Index surrendering early gains as investor sentiment remained cautious amid uncertainty surrounding the fragile United States-Iran ceasefire and rising global oil prices. As of midday, the index stood at 179,257.01, down 314.25 points or 0.19%. The market opened … Read more