Energy

OPEC decision to cut output could hurt Pakistan's economy

'The group is motivated to keep prices higher in order to shore up fiscal revenues of member countries,' said brokerage house AKD Securities

Published 06 Oct, 2022 04:19pm

Energy

Saudi Arabia leaves November Arab Light crude OSP to Asia unchanged

SINGAPORE: Saudi Aramco has kept the November official selling price (OSP) for its Arab Light grade for Asian...

Published 06 Oct, 2022 02:49pm

Energy

HUBCO to invest additional $1mn in Thar Energy Limited

TEL is a joint venture between HUBCO, Fauji Fertilizer Company Limited and China Machinery Engineering Corporation

Published 06 Oct, 2022 02:16pm

Energy

Weaker refining, gas trading to hit Shell’s Q3 results

LONDON: Shell said on Thursday its third-quarter profits would be pressured by a sharp drop in refining margins and...

Published 06 Oct, 2022 11:44am

Energy

OPEC+ cuts ahead of winter fan global inflation concerns

SINGAPORE: Concerns over tight oil supplies and soaring inflation have intensified after the OPEC+ group of nations...

Published 06 Oct, 2022 11:36am

Energy

US oil may rise into $89.96-$90.19 range

SINGAPORE: US oil may break a resistance at $88.39 per barrel and rise into the $89.96-$90.19 range to complete a...

Published 06 Oct, 2022 09:59am

Energy

Brent oil may extend gains to $95.29

Brent oil may extend its gains to $95.29 per barrel, as it has climbed above the 114.6% projection level of...

Published 06 Oct, 2022 09:56am

Energy

Oil hovers near three-week highs after OPEC+ agrees to slash crude output

SINGAPORE: Oil prices stabilised near three-week highs on Thursday after OPEC+ agreed to further tighten global...

Updated 06 Oct, 2022 02:23pm

Energy

MPCL successfully drills ‘first-ever’ horizontal well in Daharki

KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled and tested its first-ever horizontal...

Published 06 Oct, 2022 05:59am

Energy

State of Industry Report 2022: Most KE plants are obsolete and should be replaced: Nepra

KARACHI: The National Electric Power Regulatory Authority (Nepra) has said that most of the generation plants of the...

Updated 06 Oct, 2022 10:04am

Energy

Winter season: Minister for smooth gas supply to domestic consumers

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Wednesday said all-out efforts would be made to ...

Published 06 Oct, 2022 05:59am

Energy

Oil rises to 3-week highs

NEW YORK: Oil prices rose on Wednesday to three-week highs, as OPEC+ agreed to its deepest cuts to production since...

Published 06 Oct, 2022 05:59am

Energy

US natgas higher on firmer crude oil prices

NEW YORK: US natural gas futures rose for a second straight session on Wednesday, tracking gains in crude oil, and...

Published 06 Oct, 2022 05:59am

Energy

HSFO margins down

SINGAPORE: Asia’s refining margins for 180-cst high sulphur fuel oil edged down on Wednesday, as inventories at...

Published 06 Oct, 2022 05:59am

Energy

EU signals shifts towards gas price cap

STRASBOURG, (France): The EU is “ready to discuss” a price cap on gas within the bloc to bring down soaring...

Published 06 Oct, 2022 05:59am

Energy

Gas crisis set to worsen after Europe burns through winter stocks

HELSINKI: Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get...

Published 06 Oct, 2022 01:06am

Energy

OPEC+ agrees major oil output cut

VIENNA: OPEC and its Russia-led allies agreed on a major cut in oil production on Wednesday, a move to prop up...

Published 05 Oct, 2022 08:01pm

Energy

Mari Petroleum drills first-ever horizontal well in Sindh

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest integrated petroleum exploration and production...

Published 05 Oct, 2022 05:01pm

Energy

OPEC+ heads for deep supply cuts, clash with US

VIENNA/LONDON: OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in...

Published 05 Oct, 2022 01:33pm

Energy

UAE non-oil private sector maintains strong growth in September

DUBAI: The United Arab Emirates’ non-oil private sector maintained brisk activity growth in September, albeit at a...

Published 05 Oct, 2022 11:45am

Energy

Russia’s nine-month oil output up 3% on year

Russia’s oil production rose 3% year-on-year in the first nine months and daily oil output was 1% higher in...

Published 05 Oct, 2022 11:27am

Energy

Brent oil may extend gains to $92.82

Brent oil may extend its gains to $92.82 per barrel, as suggested by its wave pattern and a projection analysis. The...

Published 05 Oct, 2022 11:16am

Energy

US oil may rise into $88.39-$89.96 range

SINGAPORE: US oil may break a resistance at $86.90 per barrel and rise into $88.39-$89.96 range, driven by a wave...

Published 05 Oct, 2022 11:01am

Energy

Oil rises as OPEC+ agrees to deep cuts, U.S. stockpiles fall

NEW YORK: Oil rose about 1% on Wednesday, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID...

Updated 05 Oct, 2022 08:33pm

Energy

CM seeks plan aimed at switching govt hospitals to solar energy

LAHORE: Chief Minister Punjab, Chaudhry Parvez Elahi, while issuing directions for completion of health projects on...

Published 05 Oct, 2022 06:49am

Energy

Two waste-to-energy plants to become operational by next year-end

KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh on Tuesday said that two large plants for generating electricity...

Published 05 Oct, 2022 06:51am

Energy

Not increasing PL is no violation of IMF deal, NA body told

ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha has informed the Finance Standing Committee of the...

Updated 05 Oct, 2022 10:08am

Energy

Scholz defends German energy plan against EU critics

BERLIN: Chancellor Olaf Scholz on Tuesday pushed back against European criticism of Germany’s 200-billion-euro...

Published 05 Oct, 2022 07:38am

Energy

Ogra, NLC hold training for HTV drivers

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) in collaboration with National Logistic Cell (NLC) arranged a...

Published 05 Oct, 2022 06:54am

Energy

NTDC’s $3b contracts: PD’s influence said to have caused deadline failure

LAHORE: An overwhelming influence of the Power Division in the management affairs of National Transmission &...

Published 05 Oct, 2022 06:59am

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Oct 6 Tri-Star Power Limited(TSPL)	5 ▲ 1.00 (25.00%)
G3 Tech. (BR) / Oct 6 G3 Technologies Ltd. (BR)(GTECHBR)	2.01 ▲ 0.31 (18.24%)
Redco Tex. / Oct 6 Redco Textiles Limited(REDCO)	8.50 ▲ 0.95 (12.58%)
Oilboy Energy / Oct 6 Oilboy Energy Limited(OBOY)	6.80 ▲ 0.68 (11.11%)
Punjab Mod / Oct 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.17 (10.43%)
Asim Textile / Oct 6 Asim Textile Mills Limited(ASTM)	6 ▲ 0.49 (8.89%)
Trust Sec.& Brok. / Oct 6 Trust Securities & Brokerage Limited(TSBL)	14 ▲ 1.00 (7.69%)
J. D. W. / Oct 6 JDW Sugar Mills Limited(JDWS)	279.50 ▲ 19.50 (7.50%)
P.N.S.C / Oct 6 Pakistan National Shipping Corporation(PNSC)	76.29 ▲ 5.32 (7.50%)
Reliance Cotton / Oct 6 Reliance Cotton Spinning Mills Limited(RCML)	460.05 ▲ 32.09 (7.50%)

Stock	Price
Pak. P.V.C. / Oct 6 Pakistan PVC Limited(PPVC)	3.11 ▲ -0.90 (-22.44%)
First Elite Cap.Mod / Oct 6 First Elite Capital Modaraba(FECM)	2.65 ▲ -0.55 (-17.19%)
Arif Habib Ltd. / Oct 6 Arif Habib Limited(AHL)	41 ▲ -6.15 (-13.04%)
Pak Gulf Leasing / Oct 6 Pak-Gulf Leasing Company Limited(PGLC)	5.63 ▲ -0.81 (-12.58%)
B. F. Mod. / Oct 6 B.F. Modaraba(BFMOD)	4.80 ▲ -0.65 (-11.93%)
Hala Enterprise / Oct 6 Hala Enterprises Limited(HAEL)	7 ▲ -0.79 (-10.14%)
First AL-Noor Mod. / Oct 6 First Al-Noor Modaraba(FANM)	3.51 ▲ -0.39 (-10.00%)
Pak Agro Pack. / Oct 6 Pak Agro Packaging Limited(GEMPAPL)	9 ▲ -1.00 (-10.00%)
Cres.Star Ins. / Oct 6 Crescent Star Insurance Limited(CSIL)	1.65 ▲ -0.14 (-7.82%)
Pakistan Services / Oct 6 Pakistan Services Limited(PSEL)	947.31 ▲ -76.81 (-7.50%)

Stock	Volume
WorldCall Telecom / Oct 6 Worldcall Telecom Limited(WTL)	116,398,000 ▼ 0.00
TPL Properties / Oct 6 TPL Properties Limited(TPLP)	29,827,561 ▼ 0.00
TRG Pak Ltd / Oct 6 TRG Pakistan Limited(TRG)	23,500,930 ▼ 0.00
Flying Cement / Oct 6 Flying Cement Company Limited(FLYNG)	16,558,000 ▼ 0.00
K-Electric Ltd. / Oct 6 K-Electric Limited(KEL)	14,331,000 ▼ 0.00
G3 Tech. (BR) / Oct 6 G3 Technologies Ltd. (BR)(GTECHBR)	13,408,500 ▼ 0.00
Pak Refinery / Oct 6 Pakistan Refinery Limited(PRL)	12,642,179 ▼ 0.00
Cnergyico PK / Oct 6 Cnergyico PK Limited(CNERGY)	10,759,343 ▼ 0.00
Maple Leaf Cement / Oct 6 Maple Leaf Cement Factory Limited(MLCF)	10,232,013 ▼ 0.00
Hascol Petrol / Oct 6 Hascol Petroleum Limited(HASCOL)	9,449,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 6	222
USD PKR Interbank Buying / Oct 6	221.90
USD to Swiss Franc / Oct 5	0.98
USD to Japanese Yen / Oct 6	144.65
Pound Sterling to USD / Oct 6	1.14
Euro to USD / Oct 6	0.99
UK LIBOR % / Oct 5	3.07

Stock	Volume
S&P 500 / Oct 5	3783.28
Nasdaq / Oct 5	11148.64
Dow Jones / Oct 5	30273.87
India Sensex / Oct 6	58065.47
Tokyo Nikkei / Oct 6	27311.30
Hang Seng / Oct 6	17983.43
FTSE 100 / Oct 6	7065.80
Germany DAX 30 / Oct 6	12606.62
France CAC40 / Oct 6	6009.31

Item	Value
Crude Oil USD/Barrel / Oct 5	87.95
Karachi Cotton PKR/37.32 KG / Oct 5	19235
Gold 10 Grams PKR / Oct 5	127143
Cotton US¢/pound / Oct 5	83.23
Gold Spot USD/Ounce / Oct 6	1723.40

Energy

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