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اردو

May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Energy

Oil prices rebound on prospect of US replenishing strategic reserve

Energy

Oil prices rebound on prospect of US replenishing strategic reserve

NEW DELHI: Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may...

Published 02 May, 2024 09:52am

OMAP urges govt to remove 20-day stock cover requirement

Energy

OMAP urges govt to remove 20-day stock cover requirement

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover...

Updated 02 May, 2024 05:21am

Energy sector experts say ‘solar tax is not a hoax’

Energy

Energy sector experts say ‘solar tax is not a hoax’

LAHORE: The energy sector experts have feared that the solar tax was not a hoax. Rather, it was a litmus check to...

Published 02 May, 2024 04:58am

OGDCL posts Rs171.104bn PAT

Energy

OGDCL posts Rs171.104bn PAT

ISLAMABAD: The Board of Directors (BoDs) of Oil and Gas Development Company Limited (OGDCL) announced the financial...

Published 02 May, 2024 04:58am

US natural gas prices fall on forecasts for less demand, storage oversupply

Energy

US natural gas prices fall on forecasts for less demand, storage oversupply

NEW YORK: US natural gas futures fell about 3% on Wednesday on forecasts for less demand over the next two weeks ...

Published 02 May, 2024 04:58am

Oil falls to 7-week low on surprise build in US storage

Energy

Oil falls to 7-week low on surprise build in US storage

NEW YORK: Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in US crude stocks, the...

Published 02 May, 2024 04:58am

Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes

Energy

Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes

US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26

Updated 01 May, 2024 08:36pm

Hydropower project: Leghari urged to help remove obstacles

Energy

Hydropower project: Leghari urged to help remove obstacles

ISLAMABAD: South Korean company, Korea Hydro & Nuclear Power Co., Ltd (KHNP), which is developing a hydropower...

Published 01 May, 2024 04:14am

Ogra notifies 4.74pc cut in LPG consumer price

Energy

Ogra notifies 4.74pc cut in LPG consumer price

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified a 4.74 percent decrease in the LPG consumer price...

Published 01 May, 2024 04:14am

Ministry directed to clear CPEC IPPs’ dues

Energy

Ministry directed to clear CPEC IPPs’ dues

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has instructed the...

Published 01 May, 2024 04:14am

US natural gas prices jump

Energy

US natural gas prices jump

NEW YORK: US natural gas futures jumped about 6% to a 12-week high on Monday with the start of the higher priced ...

Published 01 May, 2024 04:14am

Oil prices down on rising US supply

Energy

Oil prices down on rising US supply

HOUSTON: Oil dipped on Tuesday on the back of rising US crude production as well as hopes of an Israel-Hamas...

Published 01 May, 2024 04:14am

OPEC oil output falls in April, led by Iran and Iraq, survey finds

Energy

OPEC oil output falls in April, led by Iran and Iraq, survey finds

LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,...

Published 01 May, 2024 04:14am

Oil edges higher as investors eye Mideast talks, rates meeting

Energy

Oil edges higher as investors eye Mideast talks, rates meeting

LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red...

Updated 30 Apr, 2024 05:53pm

Oil down on Israel-Hamas peace talks

Energy

Oil down on Israel-Hamas peace talks

NEW YORK: Oil prices fell by more than $1 a barrel on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears...

Published 30 Apr, 2024 03:43am

KE seeks Nepra guidance on FCA petition for 9MFY24

Energy

KE seeks Nepra guidance on FCA petition for 9MFY24

KARACHI: National Electric Power Regulatory Authority (Nepra) has announced a public hearing on May 09, 2024 for the...

Published 30 Apr, 2024 03:43am

FESCO launches pro-rata billing software

Energy

FESCO launches pro-rata billing software

FAISALABAD: On the special directives of the Ministry of Energy (Power Division), Faisalabad Electric Supply Company...

Published 30 Apr, 2024 03:43am

Saudi Arabia may raise prices for most oil grades to Asia for June

Energy

Saudi Arabia may raise prices for most oil grades to Asia for June

SINGAPORE: Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to...

Published 29 Apr, 2024 03:02pm

Shell earns $1 billion a year from US crude trading, court filing shows

Energy

Shell earns $1 billion a year from US crude trading, court filing shows

HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held...

Published 29 Apr, 2024 12:50pm

Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection

Energy

Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection

The Board of Directors of Mari Petroleum Company Limited (MARI) has approved an investment of up to Rs2.5 billion by...

Updated 29 Apr, 2024 09:40pm

Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes

Energy

Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes

Oil prices dipped on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict,...

Updated 29 Apr, 2024 06:30pm

Saudi Arabia’s Vision 2030 projects to be adjusted as needed, finmin says

Energy

Saudi Arabia’s Vision 2030 projects to be adjusted as needed, finmin says

RIYADH/DUBAI: Saudi Arabia, the world’s top oil exporter, will adjust its Vision 2030 plan to transform its ...

Published 29 Apr, 2024 04:49am

Green energy sector: Govt asked to release soft loans

Energy

Green energy sector: Govt asked to release soft loans

PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq urged the government to issue soft loans for...

Published 29 Apr, 2024 04:49am

US natural gas futures drop

Energy

US natural gas futures drop

NEW YORK: US natural gas futures slipped on Friday ahead of the expiration of the May contract, weighed down by a...

Published 28 Apr, 2024 02:56am

Oil higher on supply concerns

Energy

Oil higher on supply concerns

HOUSTON: Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong ...

Published 28 Apr, 2024 02:56am

No intention to impose fixed tax on solar, Power Division clarifies

Energy

No intention to impose fixed tax on solar, Power Division clarifies

No such summary sent to the government, read the statement

Updated 27 Apr, 2024 08:07pm

Sindh, Balochistan: SSGC conducting continuous raids against gas theft miscreants

Energy

Sindh, Balochistan: SSGC conducting continuous raids against gas theft miscreants

KARACHI: SSGC continued to keep gas theft miscreants on the run by conducting continuous raids across its franchise...

Published 27 Apr, 2024 05:03am

Industries, CNG stations: SSGC announces gas holiday on 29th

Energy

Industries, CNG stations: SSGC announces gas holiday on 29th

KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for industries including their power...

Published 27 Apr, 2024 05:03am

Global LNG: Asia spot LNG prices fall for first time in over two months

Energy

Global LNG: Asia spot LNG prices fall for first time in over two months

SINGAPORE: Asian spot liquefied natural gas (LNG) prices dropped slightly for the first time in more than two months...

Published 26 Apr, 2024 04:23pm

TotalEnergies Q1 net income falls 22% on lower gas prices

Energy

TotalEnergies Q1 net income falls 22% on lower gas prices

French energy giant TotalEnergies posted a 22% decline in first-quarter earnings versus a year earlier on Friday as...

Published 26 Apr, 2024 12:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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FBR issues list to PTA: SIMs of 506,671 IT non-filers to be blocked

FBR issues list to PTA: SIMs of 506,671 IT non-filers to be blocked

KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+

KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+

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FBR orders PTA, telcos to block over 500,000 mobile SIMs of non-filers

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Uber app closes Pakistan chapter, ceases operations in Lahore

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Pakistan’s civil service dilemma

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Bringing developers, builders into tax net: FBR fails to achieve desired results

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Labour Day: President Zardari, PM Shehbaz reiterate commitment to labourers’ welfare

Labour Day: President Zardari, PM Shehbaz reiterate commitment to labourers’ welfare