COVID-19 TOTAL ▲ DAILY

CASES 324,744 ▲ 667

DEATHS 6,692 ▲ 19

RECOVERIES 308,674

Business Recorder

Oct 22, 2020 PRINT EDITION ► BR MARKETS ►

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Business Recorder

Energy

US natural gas jumps to 20-month high

NEW YORK: US natural gas futures jumped over 4% to their highest close in 20 months on Tuesday on rising liquefied...

Published 22 Oct, 2020 02:54am

Business Recorder

Energy

World oil prices fall

NEW YORK: Oil prices settled lower on Wednesday after US inventory figures showed demand weakening for refined...

Published 22 Oct, 2020 02:54am

Business Recorder

Energy

OGRA takes action against HPL

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken action against Hascol Petroleum Limited (HPL) over...

Published 22 Oct, 2020 02:54am

Business Recorder

Energy

Cut in FO utilization: Power Division given one month to prepare plan

ISLAMABAD: The government has reportedly given one month’s time to Power Division for preparation of constraints...

Published 22 Oct, 2020 02:54am

Oil prices slip as US inventory build stokes fears of supply glut

Energy

Oil prices slip as US inventory build stokes fears of supply glut

Brent crude futures for December delivery were at $42.44 a barrel, down 72 cents, or 1.67%.

Published 21 Oct, 2020 06:25pm

Business Recorder

Energy

Nepra SoI Report 2020: 23-point formula to reduce electricity cost proposed

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), in its State of Industry (SoI) Report 2020, has...

Published 21 Oct, 2020 02:53am

Business Recorder

Energy

Oil up on US stimulus hopes, rising virus cases keep prices in check

NEW YORK: Oil gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus...

Published 21 Oct, 2020 02:53am

Business Recorder

Energy

Nepra releases annual report comprising different actions

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday released its annual report 2019-20,...

Published 21 Oct, 2020 02:53am

Business Recorder

Energy

Hike in tariff will have no impact on KE's profitability: CEO

KARACHI: The Chief Executive Officer (CEO) of K-Electric, Moonis Abdullah Alvi, has said the recent hike in KE's...

Published 21 Oct, 2020 02:53am

Business Recorder

Energy

Recovery, losses: KE performance has worsened: Nepra

ISLAMABAD: National Electric Power Regulatory Authority (Nepra), in its State of Industry (SoI) report 2020 ...

Published 21 Oct, 2020 02:53am

Oil inches up on US stimulus hopes, rising virus cases keep prices in check

Energy

Oil inches up on US stimulus hopes, rising virus cases keep prices in check

However, those countries plan on scaling back the size of its production cuts in January from a current 7.7 million barrels per day (bpd) to roughly 5.7 million bpd in January.

Published 20 Oct, 2020 11:50pm

US natgas on track for 20-month high as LNG exports rise, cold weather

Energy

US natgas on track for 20-month high as LNG exports rise, cold weather

Front-month gas futures rose 11.9 cents, or 4.3%, to $2.914 per million British thermal units.
Data provider Refinitiv said output in the Lower 48 US states slipped to 88.4 billion cubic feet per day (bcfd) on Monday from a six-week high of 88.6 bcfd last week.

Published 20 Oct, 2020 06:34pm

Business Recorder

Energy

Oil dips after OPEC+ meeting as Libyan supply boost weighs

NEW YORK: Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya's plan...

Published 20 Oct, 2020 02:42am

Business Recorder

Energy

US natural gas little changed on cooler weather

NEW YORK: US natural gas futures were little changed on Friday as forecasts for cooler weather and higher heating...

Published 20 Oct, 2020 02:42am

Business Recorder

Energy

Oil and gas: 90 discoveries made during five years, NA told

ISLAMABAD: Federal Minister for Petroleum Division Omar Ayub Khan said that a total of 90 discoveries of oil and gas...

Published 20 Oct, 2020 02:42am

Business Recorder

Energy

'Power sector reforms unlikely to pick up'

LAHORE: Power sector reforms are unlikely to pick up because of the instability in policymaking and poor acceptance...

Published 20 Oct, 2020 02:42am

US natgas edges up on rising LNG exports, cold forecasts

Energy

US natgas edges up on rising LNG exports, cold forecasts

Front-month gas futures rose 2.2 cents, or 0.8%, to settle at $2.795 per million British thermal units.
As LNG exports rise and the weather turns colder, Refinitiv projected average demand would jump from 89.2 bcfd this week to 98.2 bcfd next week.

Published 20 Oct, 2020 01:34am

Canada's Alberta gives struggling oil and gas drillers municipal tax break

Energy

Canada's Alberta gives struggling oil and gas drillers municipal tax break

The Alberta government said it would also lower property tax assessments on less-productive wells and eliminate a provincial tax on drills.
The measures combined are worth between C$81 million ($61.4 million) and C$84 million in the first year.

Published 20 Oct, 2020 01:23am

Worried about weak oil demand, OPEC pledges action

Energy

Worried about weak oil demand, OPEC pledges action

Saudi energy minister says OPEC+ has flexibility to adapt.
Russian energy minister says demand recovery slowing.
Weak demand may prompt OPEC to cancel easing of cuts – sources.

Published 20 Oct, 2020 12:57am

Output at Libya's Sharara oilfield rises to around 150,000 bpd

Energy

Output at Libya's Sharara oilfield rises to around 150,000 bpd

The Organization of the Petroleum Exporting Countries and its allies have highted rising Libyan production.
The field, with a capacity of around 300,000 bpd, started operations at a rate of around 40,000 bpd.

Published 20 Oct, 2020 12:43am

Oil dips after OPEC+ meeting as Libyan supply boost weighs

Energy

Oil dips after OPEC+ meeting as Libyan supply boost weighs

OPEC+ monitoring panel recommends to stick to oil deal -Novak.
Libya's Abu Attifel oilfield expected to restart from Oct. 24.
Pelosi 'optimistic' on coronavirus relief deal before election.

Updated 20 Oct, 2020 12:11am

Oil prices slip after China economic data; focus on OPEC+ supply

Energy

Oil prices slip after China economic data; focus on OPEC+ supply

Brent rose 0.2pc last week while WTI gained 0.7pc, after crude and oil product inventories in the United States, the world's top oil consumer, fell.

Published 19 Oct, 2020 05:44pm

UK GAS-Prices rise on cooler weather, volatile wind

Energy

UK GAS-Prices rise on cooler weather, volatile wind

However, temperatures are forecast to fall again from next week and wind power will be up and down, supporting prices on the curve, he added.

Published 19 Oct, 2020 04:36pm

Oil falls on demand concerns and new European lockdowns

Energy

Oil falls on demand concerns and new European lockdowns

US West Texas Intermediate crude for November was down 28 cents, or 0.7pc, at $40.60. The contract will expire on Tuesday.

Published 19 Oct, 2020 04:04pm

Turkey lifts Black Sea gas field estimate after new find: Erdogan

Energy

Turkey lifts Black Sea gas field estimate after new find: Erdogan

Erdogan said in August the field contained 320 billion cubic metres of gas, making it Turkey's biggest natural gas discovery.
"Work in this borehole has been completed after reaching a depth of 4,775 metres as planned previously," Erdogan said,

Published 18 Oct, 2020 12:39am

Business Recorder

Energy

Oil prices edge lower

NEW YORK: Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United...

Published 17 Oct, 2020 03:08am

Business Recorder

Energy

Norwegian Scatec Solar buys hydropower firm for $1.2 billion

OSLO: Norwegian solar power producer Scatec Solar announced Friday it would acquire compatriot hydropower firm SN...

Published 17 Oct, 2020 03:08am

Business Recorder

Energy

Philippines lifts ban on oil and gas exploration in South China Sea

MANILA: The Philippines has lifted a moratorium on oil and gas exploration in the disputed South China Sea, which ...

Published 17 Oct, 2020 03:08am

US oil and gas rig count rises by most since January: Baker Hughes

Energy

US oil and gas rig count rises by most since January: Baker Hughes

The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm.
The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week.

Published 17 Oct, 2020 12:36am

Oil dips on COVID-19 resurgence, fears of more supply

Energy

Oil dips on COVID-19 resurgence, fears of more supply

Both benchmarks a shade firmer for the week.
Some European countries revive coronavirus curfews.
OPEC+ fears second virus wave could lead to oil surplus in 2021.
US oil and gas rig count rises by most since January.

Published 17 Oct, 2020 12:32am

Gainers
Losers
Leaders

Stock	Price
Saudi Pak Leas. / Oct 22 Saudi Pak Leasing Company Limited(SPLC)	1.7800 ▲ 0.23 (3.23%)
Kohinoor Ind. / Oct 22 Kohinoor Industries Limited(KOIL)	7.7885 ▲ 0.75 (1.76%)
TPL Trakker / Oct 22 TPL Trakker Limited(TPLT)	9.9900 ▲ 0.09 (0.91%)
Matco Foods / Oct 22 Matco Foods Limited(MFL)	21.2059 ▲ 0.26 (0.53%)
Friesland. Engro / Oct 22 Frieslandcampins Engro Foods Limited(FCEPL)	74.0000 ▲ 0.51 (0.42%)
Nishat Mills / Oct 22 Nishat Mills Limited(NML)	104.2400 ▲ 1.74 (0.35%)
Pak Int Cont. / Oct 22 Pakistan International Container(PICT)	179.5322 ▲ 0.53 (0.30%)
Orix Moda. / Oct 22 Orix Modaraba(ORIXM)	21.2000 ▲ 0.06 (0.28%)
Amreli Steels / Oct 22 Amreli Steels Limited(ASTL)	43.0900 ▲ 0.83 (0.24%)
Pak Int.Bulk Ter / Oct 22 Pakistan International Bulk Terminal Limited(PIBTL)	12.4219 ▲ 0.37 (0.19%)

Stock	Price
Grays Leas. / Oct 22 Grays Leasing Limited(GRYL)	7.3500 ▼ 0.75 (-10.20%)
First Cap. Sec. / Oct 22 First Capital Securities Corporation(FCSC)	1.5000 ▼ 0.10 (-6.67%)
Dost Steel / Oct 22 Dost Steels Limited(DSL)	4.4012 ▼ 0.20 (-4.55%)
Kohinoor Sp. / Oct 22 Kohinoor Spinning Mills Limited(KOSM)	2.9355 ▼ 0.15 (-3.68%)
Thatta Cement / Oct 22 Thatta Cement Company Limited(THCCL)	24.0500 ▼ 1.05 (-3.49%)
Quice Food / Oct 22 Quice Food Industries Limited(QUICE)	4.9000 ▼ 0.16 (-3.27%)
Lalpir Power / Oct 22 Lalpir Power Limited(LPL)	12.3800 ▼ 0.36 (-2.91%)
Tri-Star Poly / Oct 22 Tri-Star Polyester Limited(TRPOL)	8.7500 ▼ 0.24 (-2.74%)
Sui South Gas / Oct 22 Sui Southern Gas Company Limited(SSGC)	16.4000 ▼ 0.44 (-2.66%)
Worldcall / Oct 22 Worldcall Telecom Limited(WTL)	1.1500 ▼ 0.03 (-2.61%)

Stock	Volume
Jahangir Sid. Co. / Oct 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	8,874,000 ▼ 1.43
Hascol Petroleum / Oct 22 Hascol Petroleum Limited(HASCOL)	5,915,443 ▼ 0.43
TRG Pak. / Oct 22 TRG Pakistan Limited(TRG)	5,708,000 ▼ 1.48
Pak Int.Bulk Ter / Oct 22 Pakistan International Bulk Terminal Limited(PIBTL)	5,265,500 ▼ 0.37
Unity Foods / Oct 22 Unity Foods Limited(UNITY)	4,029,000 ▼ 0.39
Maple Leaf / Oct 22 Maple Leaf Cement Factory Limited(MLCF)	1,962,861 ▼ 0.69
Power Cement / Oct 22 Power Cement Limited(POWER)	1,829,000 ▼ 0.30
Treet Corp. / Oct 22 Treet Corporation Limited(TREET)	1,752,500 ▼ 0.67
Pak Elektron / Oct 22 Pak Elektron Limited(PAEL)	1,719,000 ▼ 1.04
Aisha Steel / Oct 22 Aisha Steel Mills Limited(ASL)	1,541,000 ▼ 0.27

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 22	162.20
USD PKR Interbank Buying / Oct 22	162.10
USD to Japanese Yen / Oct 22	104.58
USD to Swiss Franc / Oct 22	0.91
Pound Sterling to USD / Oct 22	1.31
Euro to USD / Oct 22	1.19

Stock	Volume
S&P 500 / Oct 22	3435.56
India Sensex / Oct 22	40707.31
Tokyo Nikkei / Oct 22	23639.46
Nasdaq / Oct 22	11484.70
Hang Seng / Oct 22	24754.42
FTSE 100 / Oct 22	5776.50
Dow Jones / Oct 22	28210.82
Germany DAX 30 / Oct 22	12557.64
France CAC40 / Oct 22	4853.95

Indicator	Value
Weekly Foreign Reserves / Oct 20	19015.50
GDPGROWTH / Oct 20	5.40
Foreign Debt (PKR billions) / Oct 20	15087.50
Per Capita Income USD (CPI) / Oct 20	1516.00
Average CPI % / Oct 20	11.11
UK LIBOR % / Oct 22	0.08

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