MARKETS

BR100 18,571 -171.2 (-0.91%)

BR30 66,738 -994.3 (-1.47%)

KSE100 168,637 -1332.5 (-0.78%)

KSE30 50,263 -381.6 (-0.75%)

AGHA 6.67 ▼ -0.01 (-0.15%)

BECO 4.35 ▼ -0.02 (-0.46%)

BML 56.17 ▼ -1.15 (-2.01%)

BOP 30.12 ▼ -0.23 (-0.76%)

CNERGY 12.98 ▼ -0.14 (-1.07%)

CSIL 5.31 ▼ -0.10 (-1.85%)

FCCL 51.65 ▼ -1.14 (-2.16%)

FFL 14.49 ▼ -0.23 (-1.56%)

FNEL 1.21 ▲ 0.09 (8.04%)

KEL 6.06 ▼ -0.03 (-0.49%)

KOSM 5.84 ▲ 0.11 (1.92%)

LOTCHEM 26.17 ▼ -0.29 (-1.1%)

MLCF 91.23 ▼ -1.93 (-2.07%)

NBP 164.19 ▼ -0.47 (-0.29%)

NCPL 53.18 ▼ -2.48 (-4.46%)

NPL 59.12 ▼ -2.04 (-3.34%)

OGDC 313.39 ▼ -3.34 (-1.05%)

PACE 9.77 ▼ -0.10 (-1.01%)

PAEL 35.24 ▼ -0.39 (-1.09%)

PIBTL 14.71 ▲ 0.03 (0.2%)

PPL 221.36 ▼ -5.55 (-2.45%)

PRL 91.22 ▼ -1.80 (-1.94%)

PTC 59.19 ▼ -1.07 (-1.78%)

SSGC 23.30 ▼ -0.51 (-2.14%)

TBL 8.75 ▼ 0.00 (0%)

TELE 7.61 ▼ -0.19 (-2.44%)

TPL 22.03 ▼ -0.32 (-1.43%)

TPLP 12.56 ▼ -0.41 (-3.16%)

TREET 21.73 ▼ -0.43 (-1.94%)

TRG 55.79 ▼ -0.77 (-1.36%)

اردو

Oct 01, 2026 اردو

Print Edition BR Markets Dollar to PKR

Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices

Markets

Asia Fuel Oil-Arbitrage spread climbs to near 2-year high

Published September 26, 2018 Updated September 26, 2018 12:07pm

Save

1 min

Comments

By Shoaib Ur Rehman Reuters

Add BRecorder as a trusted
source on Google

SINGAPORE: The second-month East-West (EW) arbitrage spread was trading at a near two-year high on Wednesday as expectations of tightening fuel oil supplies in Asia continued to feed bullish sentiment, but arbitrage opportunities from West of the Suez to Singapore were limited by strong backwardation in the fuel oil market, trade sources said.

The 380-cst fuel oil November arbitrage spread was at $23.75 a tonne, up from about $23 a tonne in the previous session and its highest since December 2016.

Meanwhile, fuel oil inventories in the Fujairah oil hub sank to a near seven-month low this week, official data showed on Wednesday.

Comments

Comments are closed for this article.

Browse all stories

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Oct 1	158.32
USD to Swiss Franc / Oct 1	0.84
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 30	7,651.54
Nasdaq / Sep 30	26,861.06
Hang Seng / Sep 30	24,613.27
Dow Jones / Sep 30	50,906.05
India Sensex / Oct 1	71,770.30
Tokyo Nikkei / Oct 1	68,956.72
FTSE 100 / Oct 1	10,413.82
Germany DAX 30 / Oct 1	24,851.64
France CAC40 / Oct 1	7,827.14

Item	Value
Petrol/Litre / Oct 1	387.40
Crude Oil USD/Barrel / Oct 1	92.53
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold 10 Grams PKR / Oct 1	376,059
Gold Spot USD/Ounce / Oct 1	4,162.20
Diesel/Litre / Oct 1	400.35
Cotton US¢/pound / Oct 1	78.41

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.29 ▲ 5.17 (9.92%)
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.68 ▲ 1.41 (9.88%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.36 ▲ 1.95 (9.55%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.56 ▲ 10.6 (9.3%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.25 ▼ -6.37 (-9.71%)
Asia Ins. / Oct 1 Asia Insurance Company Limited(ASIC)	32.42 ▼ -3.43 (-9.57%)
Karam Ceramics / Oct 1 Karam Ceramics Limited(KCL)	156.18 ▼ -15.27 (-8.91%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Apna Microfin. / Oct 1 Apna Microfinance Bank Limited(AMBL)	18.07 ▼ -1.73 (-8.74%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	93,751,754 ▲ 0.11
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	38,616,570 ▲ 0.09
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	26,026,242 ▼ -0.14
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	25,714,456 ▲ 0.03
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,551,198 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	19,722,398 ▲ 0
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	17,323,432 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	17,315,970 ▼ -0.01
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,558,025 ▲ 1.41
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	16,113,756 ▼ -1.8