Markets » Energy

Energy

Egypt’s non-oil business shrinks for 41st straight month, PMI shows

CAIRO: Egypt’s non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with...

Published 08 May, 2024 11:14am

Energy

Norway oil workers agree to wage deal, averting strike

OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and...

Published 08 May, 2024 10:58am

Energy

Oil slips on rising US stockpiles, cautious supply expectations

Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel...

Published 08 May, 2024 10:02am

Energy

US natgas prices hold near 14-week high

NEW YORK: US natural gas futures held near a 14-week high on Tuesday as a bullish decline in output and increase in...

Published 08 May, 2024 07:26am

Energy

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Energy

Research shows how batteries, renewables can reshape power landscape

KARACHI: Battery energy storage systems (BESS) in combination with solar and wind power can bring down electricity...

Published 08 May, 2024 06:43am

Energy

Iran using Malaysian providers to bust oil sanctions: US

SINGAPORE: Iran has relied on Malaysian service providers to get around international sanctions and sell its oil in...

Published 08 May, 2024 06:43am

Energy

Oil steadies as weak physical markets balance Middle East tensions

LONDON: Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle...

Updated 07 May, 2024 04:53pm

Energy

Saudi Aramco maintains dividend despite lower net income in Q1

DUBAI: Saudi Arabia’s state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of...

Published 07 May, 2024 11:36am

Energy

World Bank's support for reforms in energy sector praised

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a...

Published 07 May, 2024 06:28am

Energy

KE’s renewable ambitions garner interest from developers

KARACHI: While Pakistan contributes less than 1.0 percent towards global carbon emissions, a combination of...

Published 07 May, 2024 06:55am

Energy

Oil climbs as Gaza tensions rise, KSA hikes prices

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect...

Published 07 May, 2024 07:30am

Energy

US natgas flows to Freeport LNG in Texas rise to 2-month high

NEW YORK: The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on...

Published 07 May, 2024 07:31am

Energy

OMAP for formation of dedicated unit within SIFC

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has proposed the establishment of a dedicated unit within...

Published 07 May, 2024 06:23am

Energy

Gasoline demand growth to slow this year on EV growth in China, US

NEW DELHI: Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said,...

Published 06 May, 2024 11:51am

Energy

Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the...

Updated 06 May, 2024 04:50pm

Energy

Minister says Thar coal best suited for gasification

KARACHI: Sindh Minister for Energy, Planning and Development Syed Nasir Hussain Shah presided over a meeting on ...

Published 06 May, 2024 05:30am

Energy

Saudi Arabia’s non-oil business activity growth steady in April-PMI

DUBAI: Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order...

Published 05 May, 2024 01:31pm

Energy

Coal power producer fails to stop regulator from en-cashing bank guarantee

LAHORE: A coal power producer has failed to stop the regulator from encashing performance bank guarantee, said...

Published 05 May, 2024 02:54am

Energy

Oil prices down on US jobs data

NEW YORK: Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors...

Published 05 May, 2024 02:54am

Energy

US natural gas futures jump on rising LNG feedgas

NEW YORK: US natural gas futures jumped by about 5% on Friday and a record 33% for the week to a 13-week high as the...

Published 05 May, 2024 02:54am

Energy

OPEC+ likely to extend production cuts in June

LONDON: Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months...

Published 05 May, 2024 02:54am

Energy

Industries, CNG stations: SSGC announces 24-hour gas holiday on 5th

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

Published 04 May, 2024 05:48am

Energy

Apr POL products’ sales down 6pc YoY

KARACHI: The petroleum products sales in Pakistan recorded a decline of 6 percent on year-on-year and 4 percent on...

Published 04 May, 2024 05:48am

Energy

Global LNG: Asia spot LNG price rises on hotter summer forecast, supply concerns

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week on forecasts for higher cooling demand this...

Published 03 May, 2024 07:27pm

Energy

Sales of petroleum products fall by 6% in April

Sale of total petroleum products in Pakistan clocked in at 1.1 million tons in April, a decline of 6% year-on-year...

Updated 03 May, 2024 10:49pm

Energy

UAE’s April non-oil business activity slows sharply on flood impact, PMI shows

DUBAI: Growth in the United Arab Emirates’ non-oil business sector eased to its lowest level in eight months in...

Published 03 May, 2024 10:26am

Energy

Oil prices set for steepest weekly drop in 3 months

LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months...

Updated 03 May, 2024 05:37pm

Energy

SSGC removes over 5,200 illegal gas connections

KARACHI: In a relentless effort to control the menace of gas theft, SSGC continued to conduct raids in its franchise...

Published 03 May, 2024 06:29am

Energy

China solar power development driving down production costs

LAHORE: China large-scale development of solar power, coupled with continuous innovation and a complete industrial...

Published 03 May, 2024 06:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	155.24
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.25
Euro to USD / May 7	1.07

Stock	Volume
S&P 500 / May 7	5187.70
India Sensex / May 7	73511.85
Tokyo Nikkei / May 7	38342.76
Nasdaq / May 7	16332.56
Hang Seng / May 7	18549.73
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05

Item	Value
Crude Oil USD/Barrel / May 7	78.06
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2316.80
Cotton US¢/pound / May 7	77.68
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Most Popular