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Energy

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is...

Published 09 Sep, 2024 04:46pm

Energy

Saudi Arabia cuts Oct Arab light crude price for Asia to near 3-year low

Top oil exporter Saudi Arabia has cut the October price for flagship Arab light crude to Asia to the lowest in...

Published 09 Sep, 2024 12:18pm

Energy

Sale of Dawood Lawrencepur’s subsidiary cancelled as Artistic Milliners ‘decides not to proceed’

Dawood Lawrencepur Limited (DLL) informed that the proposed sale of Tenaga Generasi Limited, an independent power...

Updated 09 Sep, 2024 04:03pm

Energy

Goldman Sachs says oil subject to downside into 2025-2026 due to surplus

SINGAPORE: Oil prices are still subject to downside into 2025-2026 amid a surplus market, Daan Struyven, head of oil...

Published 09 Sep, 2024 11:45am

Energy

APPEC-S&P Global expects OPEC+ to increase oil output next year

SINGAPORE: The Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, is...

Published 09 Sep, 2024 11:34am

Energy

Oil rebounds from week of heavy losses as storm approaches US Gulf Coast

Analysts say bounce in part a reaction to a potential hurricane in the US Gulf Coast

Updated 09 Sep, 2024 05:37pm

Energy

Allegations of illegal gas sales unfounded: PEL

ISLAMABAD: Petroleum Exploration Limited (PEL) says Frontier Holding Limited (FHL), Spud Energy Pty Limited (SPUD)...

Published 08 Sep, 2024 02:42am

Energy

US natural gas prices rise

NEW YORK: US natural gas futures edged up about 1% to an eight-week high on Friday as the amount of gas flowing to...

Published 08 Sep, 2024 02:42am

Energy

Oil prices settle down

NEW YORK: Oil prices settled 2% lower on Friday, with a big weekly loss after data US jobs data was weaker than...

Published 08 Sep, 2024 02:42am

Energy

Pakistan renegotiating power deals with IPPs to cut costs, minister says

KARACHI: Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity...

Updated 07 Sep, 2024 08:24pm

Energy

CM directs removal of hurdles to BHPP

PESHAWAR: Chief Minister Sardar Ali Amin Khan Gandapur has termed the 300 MW Balakot Hydro Power Project (BHPP) as ...

Published 07 Sep, 2024 06:59am

Energy

BTPL licence application still pending: Nepra directs IESCO to pass on net metering benefit to BT consumers

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has the directed Islamabad Electric Supply...

Published 07 Sep, 2024 06:59am

Energy

Global LNG: Asia spot LNG prices down on muted demand, cooler weather

LONDON: Asian spot liquefied natural gas (LNG) prices fell this week on signals of weak economic growth in China...

Published 06 Sep, 2024 05:38pm

Energy

Oil falls more than 2% after US jobs data, set for weekly drop

Brent crude futures down $1.62, or 2.23%, to $71.07 a barrel

Updated 06 Sep, 2024 10:02pm

Energy

Oil prices up on big storage withdrawal

NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a...

Published 06 Sep, 2024 07:04am

Energy

Oil rises on US crude stocks fall and possible delay to OPEC+ hike

LONDON: Oil firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+...

Updated 05 Sep, 2024 05:08pm

Energy

IESCO consumers irked by over-billing, flawed AMI technology

ISLAMABAD: Hundreds of consumers of Islamabad Electric Supply Company (IESCO) are at the suffering due to allegedly...

Published 06 Sep, 2024 07:04am

Energy

Elimination of power theft from IESCO region is target: Chairman

ISLAMABAD: Dr. Tahir Masood, chairman Board of Directors IESCO has stated that elimination of power theft is the...

Published 05 Sep, 2024 07:41am

Energy

Chevron celebrates opening of 200th oil change facility in Pakistan

KARACHI: Chevron Pakistan Lubricants (Private) Limited (“Chevron Pakistan”) announced the opening of the 200th...

Published 05 Sep, 2024 07:45am

Energy

OPEC+ discussing delay to planned oil output hike in October, sources say

LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9...

Published 04 Sep, 2024 05:06pm

Energy

UAE non-oil business activity growth rebounds in August, PMI shows

DUBAI: Growth in the United Arab Emirates’ non-oil private sector rebounded in August after expanding at its slowest...

Published 04 Sep, 2024 11:21am

Energy

OGDCL joins UN Global Compact to promote SDGs

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Pakistan’s leading oil and gas exploration company,...

Published 05 Sep, 2024 06:19am

Energy

US natgas prices climb on lower output, warmer forecasts

NEW YORK: US natural gas futures edged up about 1% to a two-week high on Wednesday on a decline in output and...

Published 05 Sep, 2024 06:19am

Energy

Brent crude falls on demand fears

HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the...

Published 05 Sep, 2024 06:19am

Energy

Philippines’ First Gen seeks LNG cargo for October delivery

SINGAPORE: Philippine power producer First Gen Corp has issued a tender seeking a cargo of liquefied natural gas...

Published 04 Sep, 2024 10:53am

Energy

Iran-Pak pipeline: US warns of potential ramifications but wants to help Pakistan address energy shortage

State Department spokesperson says the US continues to stand shoulder to shoulder with Pakistan in its fight against terrorism

Updated 04 Sep, 2024 09:00pm

Energy

Brent crude falls $1/bbl on demand fears

HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the...

Updated 04 Sep, 2024 09:03pm

Energy

Energy crisis: Minister urges energy, petroleum ministries to utilise framework

ISLAMABAD: Minister for Planning, Development, and Special Initiatives Ahsan Iqbal urged the Ministries of Energy ...

Published 04 Sep, 2024 06:38am

Energy

Oil drops more than 4pc on reports of potential resolution to Libya dispute

NEW YORK: Oil prices dropped more than 4% on Tuesday to their lowest levels in nearly nine months after reports that...

Published 04 Sep, 2024 06:38am

Energy

Pakistan’s first 220MW solar-wind RE project secures 7 bids

KARACHI: K-Electric (KE), Pakistan’s only private electric utility, is building momentum towards doubling its ...

Published 04 Sep, 2024 07:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 9	278.85
USD PKR Interbank Buying / Sep 9	278.65
USD to Japanese Yen / Sep 9	142.81
USD to Swiss Franc / Sep 9	0.85
Pound Sterling to USD / Sep 9	1.31
Euro to USD / Sep 9	1.11

Stock	Volume
S&P 500 / Sep 6	5,408.42
Nasdaq / Sep 6	16,690.83
Dow Jones / Sep 6	40,345.41
India Sensex / Sep 9	81,226.35
Tokyo Nikkei / Sep 9	36,215.75
Hang Seng / Sep 9	17,091.29
FTSE 100 / Sep 9	8,220.61
Germany DAX 30 / Sep 9	18,385.87

Item	Value
Petrol/Litre / Sep 9	259.10
Crude Oil USD/Barrel / Sep 9	68.40
Karachi Cotton PKR/37.32 KG / Sep 9	18,535
Gold 10 Grams PKR / Sep 9	223,251
Gold Spot USD/Ounce / Sep 9	2,492.36
Diesel/Litre / Sep 9	262.75

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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