Energy

Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says

RIO DE JANEIRO: Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take...

Published 01 Dec, 2023 06:05pm

Energy

Russian Urals crude drops to average $72.84/bbl in Nov, above Western price cap

MOSCOW: Russia’s flagship Urals crude oil blend traded at $72.84 per barrel on average in November, down from $81.52...

Published 01 Dec, 2023 05:57pm

Energy

Oil prices stabilise after slump on underwhelming OPEC+ cuts

Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the market unconvinced that the...

Updated 01 Dec, 2023 07:41pm

Energy

Ogra hikes LPG rates

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) in accordance with the policy guidelines of the federal...

Published 01 Dec, 2023 04:43am

Energy

Oil prices fall amid skepticism on OPEC+ supply cuts

WASHINGTON: Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil ...

Published 01 Dec, 2023 04:43am

Energy

US natgas prices ease on forecasts for less cold weather

NEW YORK: US natural gas futures slid about 1% on Wednesday on forecasts for less cold weather through mid-December...

Published 01 Dec, 2023 04:43am

Energy

OPEC+ agrees oil output cuts approaching 2mn bpd, sources say

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day...

Updated 30 Nov, 2023 08:50pm

Energy

India’s oil imports from Russia rebound in November

NEW DELHI: India’s Russian oil imports rebounded in November after several plants came back online from planned...

Published 30 Nov, 2023 02:41pm

Energy

OPEC+ ministers meet to discuss additional oil output cuts

LONDON: The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts...

Published 30 Nov, 2023 01:30pm

Energy

Oil prices fall amid skepticism on OPEC+ supply cuts

Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to...

Updated 30 Nov, 2023 10:30pm

Energy

Gas sector-related problems getting worse: audit report

ISLAMABAD: Gas sector-related issues have been worsening over the years which include inter alia gas shortage due to...

Published 30 Nov, 2023 04:53am

Energy

OPEC+ talks continue with prospect for deeper oil cuts unclear

DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy ahead of a Thursday ministerial meeting, as...

Published 30 Nov, 2023 04:53am

Energy

US natural gas prices slide

NEW YORK: US natural gas futures fell about 3% to a fresh two-month low on Tuesday on forecasts for less cold ...

Published 30 Nov, 2023 04:53am

Energy

Oil prices up in volatile trading

BENGALURU: Oil prices edged higher in volatile trading on Wednesday as investors focused their attention on an...

Published 30 Nov, 2023 04:53am

Energy

OPEC+ talks continue, no meeting delay currently expected, sources say

DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for...

Published 29 Nov, 2023 03:01pm

Energy

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support

LONDON: Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output...

Updated 29 Nov, 2023 04:58pm

Energy

OPEC+ talks tough, policy rollover possible

LONDON: OPEC+ talks on 2024 oil policy are difficult, making a rollover of the previous agreement a possibility...

Published 29 Nov, 2023 05:09am

Energy

Oil prices climb focus on OPEC

NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a...

Published 29 Nov, 2023 05:09am

Energy

OPEC+ talks tough, policy rollover possible, sources say

LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts...

Published 28 Nov, 2023 07:19pm

Energy

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a...

Updated 28 Nov, 2023 09:37pm

Energy

Completion of 8 water, hydropower projects to boost water storage: Wapda

LAHROE: With the completion of eight under-construction water and hydropower projects of Wapda, the carry over water...

Published 28 Nov, 2023 04:57am

Energy

OPEC head accuses IEA of vilifying fossil fuel industry

DUBAI: OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying...

Published 28 Nov, 2023 04:57am

Energy

US natgas hits two-month low on ample output, mild weather

NEW YORK: US natural gas futures fell to a two-month low on Monday, weighed down by record output while mild weather...

Published 28 Nov, 2023 04:57am

Energy

Brent crude oil flirts with $80 ahead of OPEC+ meeting

HOUSTON: Oil prices fell on Monday, with the Brent benchmark hovering around $80 a barrel as investors awaited this...

Published 28 Nov, 2023 04:57am

Energy

Bangladesh’s Summit Group in final talks to sign LNG deal with Petrobangla

SINGAPORE: Bangladesh’s Summit Group is in the last stage of discussions with the government to provide the nation...

Published 27 Nov, 2023 05:42pm

Energy

Rising electricity costs: Ghani Chemical to set up coal power plant at Port Qasim

Facing rising electricity costs, the Board of Directors (BoD) of Ghani Chemical Industries Limited (GCIL) has...

Updated 27 Nov, 2023 10:39pm

Commodities

Pakistan LNG awards tender to OQ Trading for Jan spot cargo delivery: report

SINGAPORE: Pakistan LNG Limited (PLL) has awarded a tender to OQ Trading for a spot liquefied natural gas (LNG)...

Published 27 Nov, 2023 03:06pm

Energy

China raises fuel oil import quotas by 3mn tons for non-state firms

BEIJING/SINGAPORE: China has issued an additional 3 million metric tons in fuel oil import quotas in 2023 for...

Published 27 Nov, 2023 11:15am

Energy

Brent falls below $80 ahead of OPEC+ meeting

LONDON: Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this...

Updated 27 Nov, 2023 06:11pm

Energy

OGDCL organises ‘Mindful Miles Walk’

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), in alignment with its Health, Diversity &...

Published 27 Nov, 2023 06:13am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 2 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 2 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 2 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 2 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 2 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 2 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 2 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 2 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 2 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 2 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 2 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 2 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 2 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 2 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 2 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 2 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 2 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 2 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 2 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 2 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 2 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 2 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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