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Mar 23, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Energy

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Oil up 1% despite crude build, as dollar weakens ahead of Fed rate move

Energy

Oil up 1% despite crude build, as dollar weakens ahead of Fed rate move

NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in U.S. crude...

Updated 22 Mar, 2023 09:09pm

OPEC+ likely to stick to its guns despite price slump, delegates say

Energy

OPEC+ likely to stick to its guns despite price slump, delegates say

LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end...

Published 22 Mar, 2023 05:16pm

Electricity generation dips 4% in February as economic slowdown continues

Energy

Electricity generation dips 4% in February as economic slowdown continues

China Power Hub Generation and Thar Energy Limited generated zero electricity during February due to coal import issues

Published 22 Mar, 2023 05:15pm

Brent plunge fails to displace Russian crude for Asian buyers

Energy

Brent plunge fails to displace Russian crude for Asian buyers

SINGAPORE/LONDON: A plunge in Brent crude prices has narrowed the spread between Atlantic Basin and Middle East...

Published 22 Mar, 2023 03:04pm

US oil may test resistance at $69.84

Energy

US oil may test resistance at $69.84

SINGAPORE: US oil may test a resistance at $69.84 per barrel, a break above which could lead to a gain to $70.87....

Published 22 Mar, 2023 10:19am

Brent oil may bounce further into $75.89-$76.43 range

Energy

Brent oil may bounce further into $75.89-$76.43 range

Brent oil may bounce further into $75.89-$76.43 per barrel, due to the completion of a five-wave cycle. The cycle...

Published 22 Mar, 2023 10:13am

No load-shedding during Sehr and Iftar, says Fesco

Energy

No load-shedding during Sehr and Iftar, says Fesco

FAISALABAD: No load management will be carried out on 1,248 feeders of the Faisalabad Electric Supply Company ...

Published 22 Mar, 2023 06:24am

PM to attend COD ceremony of TCB-1 integrated power project today

Energy

PM to attend COD ceremony of TCB-1 integrated power project today

KARACHI: Prime Minister Shehbaz Sharif will be the chief guest at a prestigious ceremony to be held on March 22,...

Published 22 Mar, 2023 06:24am

Oil prices rebound from 15-month low

Energy

Oil prices rebound from 15-month low

HOUSTON: Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit...

Published 22 Mar, 2023 06:24am

VLSFO premium rises

Energy

VLSFO premium rises

SINGAPORE: Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) rose on Tuesday, extending gains from ...

Published 22 Mar, 2023 06:24am

US natgas slips on ample stocks

Energy

US natgas slips on ample stocks

NEW YORK: US natural gas futures slipped for a third straight session to their lowest in a month on Tuesday, weighed...

Published 22 Mar, 2023 06:24am

Gasoil margins driven by volatile oil

Energy

Gasoil margins driven by volatile oil

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were driven by volatile oil futures and continuous tight prompt...

Published 22 Mar, 2023 06:24am

Russia to extend oil production cuts until end of June

Energy

Russia to extend oil production cuts until end of June

MOSCOW: Russia announced Tuesday that it was extending until the end of June oil production cuts of 500,000 barrels...

Published 21 Mar, 2023 08:44pm

Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June

Energy

Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels...

Published 21 Mar, 2023 08:12pm

Oil rises for second day as banking fears ease for now

Energy

Oil rises for second day as banking fears ease for now

HOUSTON: Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit...

Updated 21 Mar, 2023 08:53pm

Iran counts on ‘huge volumes’ of oil and gas swaps from Russia

Energy

Iran counts on ‘huge volumes’ of oil and gas swaps from Russia

Iran counts on “huge volumes” of oil and gas swaps from Russia this year, Iranian Economy Minister Ehsan Khandouzi...

Published 21 Mar, 2023 11:24am

US oil may retest resistance at $67.49

Energy

US oil may retest resistance at $67.49

SINGAPORE: US oil may retest a resistance at $67.49 per barrel, a break above which could open the way towards...

Published 21 Mar, 2023 10:25am

Brent oil may bounce more to $75.89

Energy

Brent oil may bounce more to $75.89

Brent oil may bounce more to $75.89 per barrel, following its strong recovery from Monday’s low of $70.12. The...

Published 21 Mar, 2023 10:23am

US natgas futures decline

Energy

US natgas futures decline

NEW YORK: US natural gas futures held near a three-week low on Wednesday on forecasts for less cold weather and ...

Published 21 Mar, 2023 06:29am

India plans to extend fuel export curbs

Energy

India plans to extend fuel export curbs

NEW DELHI: India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ...

Published 21 Mar, 2023 06:29am

VLSFO cash premium rises on lower crude prices

Energy

VLSFO cash premium rises on lower crude prices

NEW DELHI: Asia’s very low sulphur fuel oil (VLSFO) market extended gains on Monday, after crude oil prices ...

Published 21 Mar, 2023 06:29am

Gasoil margins largely steady amid thin activity

Energy

Gasoil margins largely steady amid thin activity

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were broadly steady at around $25 a barrel on cautious trading...

Published 21 Mar, 2023 06:29am

Oil prices rebound after hitting lowest since 2021 on banking fears

Energy

Oil prices rebound after hitting lowest since 2021 on banking fears

NEW YORK: Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the...

Published 21 Mar, 2023 06:29am

Oil prices rebound after hitting lowest since 2021 on banking fears

Energy

Oil prices rebound after hitting lowest since 2021 on banking fears

NEW YORK: Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the...

Published 20 Mar, 2023 11:36pm

Freight rates for Russian Urals oil shipments to Asia ease for April volumes

Energy

Freight rates for Russian Urals oil shipments to Asia ease for April volumes

MOSCOW: Freight rates for Russian Urals oil shipments from Europe to Asia eased for April-loading cargoes making...

Published 20 Mar, 2023 10:02pm

'PM wants difference between fuel prices paid by rich and poor to be Rs100'

Commodities

'PM wants difference between fuel prices paid by rich and poor to be Rs100'

Minister of State for Petroleum Dr Musadik Malik says owners of luxury cars will pay higher rates, while low-income groups will be given cheaper fuel

Updated 20 Mar, 2023 08:38pm

Europe gas under 40 euros for first time since 2021

Energy

Europe gas under 40 euros for first time since 2021

LONDON: Europe’s natural gas price slid Monday below 40 euros for the first time in more than a year and a half,...

Published 20 Mar, 2023 05:33pm

Oil hits lowest since 2021 on banking fears

Energy

Oil hits lowest since 2021 on banking fears

LONDON: Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector...

Updated 20 Mar, 2023 05:14pm

US oil may retest support of $65.13

Energy

US oil may retest support of $65.13

SINGAPORE: US oil may retest a support of $65.13 per barrel, a break below which may open the way towards...

Published 20 Mar, 2023 10:35am

Brent oil may retest support at $71.29

Energy

Brent oil may retest support at $71.29

Brent oil may retest a support at $71.29 per barrel, a break below which could open the way toward $68.99-$70.41...

Published 20 Mar, 2023 10:32am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 23 Trust Modaraba(TRSM)	1.55 ▲ 0.33 (27.05%)
Pak Gulf Leasing / Mar 23 Pak-Gulf Leasing Company Limited(PGLC)	6.20 ▲ 0.55 (9.73%)
Premier Insurance / Mar 23 Premier Insurance Limited(PINL)	6.80 ▲ 0.55 (8.80%)
Hala Enterprise / Mar 23 Hala Enterprises Limited(HAEL)	6.90 ▲ 0.53 (8.32%)
Bal. Wheel / Mar 23 Baluchistan Wheels Limited(BWHL)	61.38 ▲ 4.28 (7.50%)
Khyber Tex. / Mar 23 Khyber Textile Mills Limited(KHYT)	276.84 ▲ 19.31 (7.50%)
Pak Tobacco / Mar 23 Pakistan Tobacco Company Limited(PAKT)	717.60 ▲ 50.05 (7.50%)
Shield Corp. / Mar 23 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Sapphire Fibres / Mar 23 Sapphire Fibres Limited(SFL)	954.79 ▲ 66.61 (7.50%)
Towellers Ltd. / Mar 23 Towellers Limited(TOWL)	219.35 ▲ 15.30 (7.50%)

Stock	Price
Jubilee Spinning / Mar 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.92 ▼ -0.49 (-14.37%)
Saritow Spinning / Mar 23 Saritow Spinning Mills Limited(SSML)	4.18 ▼ -0.39 (-8.53%)
First Pak Mod. / Mar 23 First Pak Modaraba(PAKMI)	1.40 ▼ -0.12 (-7.89%)
Samba Bank / Mar 23 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Dawood Equities / Mar 23 Dawood Equities Limited(DEL)	3.81 ▼ -0.32 (-7.75%)
Engro Poly(Pref / Mar 23 Engro Poly(Pref)(EPCLPS)	11.98 ▼ -1.00 (-7.70%)
Siddiqsons Tin / Mar 23 Siddiqsons Tin Plate Limited(STPL)	6.30 ▼ -0.52 (-7.62%)
Balochistan Glass / Mar 23 Balochistan Glass Limited(BGL)	12.30 ▼ -1.00 (-7.52%)
S.S.Oil / Mar 23 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Pakistan Services / Mar 23 Pakistan Services Limited(PSEL)	1188 ▼ -95.90 (-7.47%)

Stock	Volume
Fauji Cement / Mar 23 Fauji Cement Company Limited(FCCL)	17,466,000 ▼ -0.15
WorldCall Telecom / Mar 23 Worldcall Telecom Limited(WTL)	11,070,759 ▼ -0.01
Thatta Cement / Mar 23 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.26
Fauji Foods Ltd / Mar 23 Fauji Foods Limited(FFL)	7,739,024 ▼ -0.07
Ghani Glo Hol / Mar 23 Ghani Global Holdings Limited(GGL)	5,924,540 ▼ -0.65
Telecard Limited / Mar 23 Telecard Limited(TELE)	5,534,500 ▼ -0.49
Cnergyico PK / Mar 23 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.11
Unity Foods Ltd / Mar 23 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.61
Pak Elektron / Mar 23 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.47
Hascol Petrol / Mar 23 Hascol Petroleum Limited(HASCOL)	4,470,500 ▼ -0.28

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
Dow Jones / Mar 21	32560.60
India Sensex / Mar 22	58214.59
Tokyo Nikkei / Mar 22	27466.61
Hang Seng / Mar 22	19591.43
FTSE 100 / Mar 22	7515.89
Germany DAX 30 / Mar 22	15179.43
France CAC40 / Mar 22	7097.16

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

Most Popular Articles

24 Hours
3 Days
1 Week

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Petrol subsidy to bikers: two options under study

Petrol subsidy to bikers: two options under study

Massive earthquake jolts parts of country

Massive earthquake jolts parts of country

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Too tight fiscal space: MoF bans SGs, subsidies

Too tight fiscal space: MoF bans SGs, subsidies

No subsidized gas for fertilizer plants after May

No subsidized gas for fertilizer plants after May

Economic assistance: Confirmation from friendly states likely in a few days: minister

Economic assistance: Confirmation from friendly states likely in a few days: minister

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

Govt announces fuel package relief for low-income families

Govt announces fuel package relief for low-income families

Petrol subsidy to bikers: two options under study

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Massive earthquake jolts parts of country

Massive earthquake jolts parts of country

Govt announces fuel package relief for low-income families

Govt announces fuel package relief for low-income families

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

CPEC: entry of 3rd parties now looks imminent

CPEC: entry of 3rd parties now looks imminent

Too tight fiscal space: MoF bans SGs, subsidies

Too tight fiscal space: MoF bans SGs, subsidies

Economic impasse is a ticking bomb waiting to go off

Economic impasse is a ticking bomb waiting to go off

No subsidized gas for fertilizer plants after May

No subsidized gas for fertilizer plants after May

Petrol subsidy to bikers: two options under study

Petrol subsidy to bikers: two options under study

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Fauji’s flirtation with food industry

Fauji’s flirtation with food industry

Over 200 super rich people in Karachi: Recovery proceedings initiated

Over 200 super rich people in Karachi: Recovery proceedings initiated

Friendly delay ‘last hurdle’ to IMF bailout

Friendly delay ‘last hurdle’ to IMF bailout

Govt announces fuel package relief for low-income families

Govt announces fuel package relief for low-income families

Massive earthquake jolts parts of country

Massive earthquake jolts parts of country

PSO suggests Rs10/litre levy to avert default

PSO suggests Rs10/litre levy to avert default

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Govt did not consult ahead of announcing fuel subsidy proposal: IMF