Crude oil prices experienced an increase of 2.47%, closing at Rs 9924, as ongoing uncertainty regarding U.S.-Iran negotiations continued to raise concerns about potential disruptions in the Strait of Hormuz, a vital global energy shipping corridor. Market sentiment shifted to a bullish stance as optimism surrounding a swift agreement diminished, heightening concerns that restrictions on Read More
Crude oil prices concluded the trading session with a slight decline of 0.45% at Rs 9024, as market participants continued to evaluate the geopolitical dynamics related to the ongoing US-Iran conflict. Sentiment exhibited a degree of stability following US President Donald Trump’s assertion that the ceasefire with Iran remained in effect, notwithstanding the resurgence of Read More
The price of silver has risen to around $75 after experiencing declines in the previous week. The ongoing ceasefire with Iran remains intact, effectively reducing geopolitical uncertainties. The recent downturn in oil prices has contributed to a reduction in inflationary pressures, thereby mitigating fears of imminent interest rate hikes. The United States has halted its Read More
Crude oil prices experienced a notable decrease of 3.9%, closing at Rs 8817, influenced by a growing optimism regarding potential diplomatic advancements between the U.S. and Iran, which impacted market dynamics. Despite the prevailing optimism, fundamental tensions remain, as the U.S. upholds a naval blockade on Iranian ports and continues to impose restrictions on crude Read More
Aluminium prices experienced an upward movement, increasing by 1.44% to close at Rs 355.65, driven by heightened supply concerns in the wake of Iranian strikes on significant producers in the Middle East. Damage to facilities operated by Emirates Global Aluminium and Aluminium Bahrain has led to disruptions in output, while partial shutdowns have exacerbated supply Read More
Aluminium prices experienced a minor decline, decreasing by 0.04% to close at Rs 350.6, as profit-taking occurred following the recent surge attributed to supply apprehensions. The market previously experienced a surge due to concerns over potential disruptions stemming from Iranian airstrikes on significant Middle Eastern producers, thereby heightening the risk of an extended supply shock. Read More
