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aramco

Aramco names presidents for upstream and downstream businesses

DUBAI: Saudi Arabian oil giant Aramco on Thursday named Nasir al-Naimi and Mohammed Al Qahtani as presidents of its...

Published 22 May, 2023 06:23am

Markets

Asia Distillates: Gasoil margins halt gains; cash premiums firm on demand

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins fell after two days of gains, as a handful of market players...

Published 19 May, 2023 06:17am

Business & Finance

Aramco banks lower $31.9bn after drop in oil prices

RIYADH: Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent...

Published 15 May, 2023 06:41am

Markets

Saudi Arabia transfers more Aramco oil shares to wealth fund

RIYADH: Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of...

Published 16 Apr, 2023 05:51pm

Markets

Gasoline complex posts weekly loss of 15%

NEW DELHI: Asia’s gasoline complex posted a weekly loss of over 15% even as strong pull from U.S. markets amid...

Published 16 Apr, 2023 03:36am

Markets

Asia’s gasoline markets climb

NEW DELHI: Asia’s gasoline markets ended the truncated week with a 13% gain as active trading at the Singapore...

Published 07 Apr, 2023 06:06am

Markets

HSFO margins recover to nine-month highs

SINGAPORE: Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported by...

Published 29 Mar, 2023 06:27am

Business & Finance

Aramco affirms support for China’s energy security

RIYADH: Saudi Arabian oil giant Aramco affirmed on Sunday its support for China’s long-term energy security and...

Published 27 Mar, 2023 06:15am

Business & Finance

Aramco’s ‘record’ profit invites outraged response

RIYADH: Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an...

Published 13 Mar, 2023 06:15am

Markets

Saudi Arabia raises Arab Light crude price to Asia for 2nd month in April

SINGAPORE: Top crude exporter Saudi Arabia raised prices for the flagship Arab light crude it sells to Asia for a...

Published 06 Mar, 2023 10:47am

Markets

China crude demand rising, but costly Saudi oil is less desirable: Russell

LAUNCESTON: The surprise increase in the price of Saudi Arabian crude oil for March-loading cargoes is being viewed...

Published 09 Feb, 2023 12:48pm

Markets

Saudi Arabian shares drop on lower oil prices; Egypt rises

DUBAI: Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern...

Published 06 Feb, 2023 07:14am

Saudi Arabia links oil refinery’s setup with political consensus

Saudi Minister of Investment had suggested that in order to develop across the board political consensus and ownership of the oil refinery project the matter may also be tabled before the Parliament

Updated 03 Feb, 2023 09:20am

Opinion

Energy sector reforms: Low-hanging fruit rotting – III

The energy sector also requires a fast-track deregulation, which should have happened yesterday. It requires a...

Updated 02 Feb, 2023 06:44am

Markets

Saudi to invest $266bn in 'cleaner' energy: minister

RIYADH: Saudi Arabia plans to invest more than $266 billion to produce cleaner electricity and expand its power ...

Updated 30 Jan, 2023 11:11pm

Markets

Gulf stocks slide on weaker oil and PMI data

DUBAI: Major Gulf stock markets ended the New Year rally on Wednesday, with Saudi Arabia falling the most as worries...

Published 05 Jan, 2023 05:58am

Markets

Saudi Arabia lowers January Arab Light crude prices to Asia: Aramco

Saudi Arabia lowered the January official selling prices (OSPs) for the flagship Arab light crude it sells to Asia...

Published 05 Dec, 2022 06:59pm

Markets

Saudi Exchange launches market-making framework to boost liquidity

DUBAI: Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and...

Published 05 Dec, 2022 07:15am

Sports

Aramco to sponsor cricket’s world body

RIYADH: Saudi Arabian oil giant Aramco is to sponsor major events organised by cricket’s world governing body, the...

Published 15 Oct, 2022 06:43am

Markets

OPEC+ supply shortfall now stands at 3.5pc of global oil demand

LONDON: OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global...

Published 21 Sep, 2022 05:57am

Markets

Aramco CEO says Europe’s energy crisis plans only short-term solution

DUBAI: The head of Saudi state oil giant Aramco said on Tuesday Europe’s plans to cap energy bills for consumers and...

Published 20 Sep, 2022 02:22pm

Markets

Saudi crude prices to Asia may hit record highs in September

SINGAPORE: Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month...

Published 28 Jul, 2022 04:28pm

Markets

Most Gulf indexes drop ahead of US inflation data

DUBAI: Most stock markets in the Gulf slipped into negative territory on Wednesday, as traders awaited US inflation...

Published 14 Jul, 2022 05:00am

Markets

Most Gulf bourses rebound but investors cautious on growth fears

DUBAI: Stock markets in the Gulf ended higher on Tuesday, pausing for breath after a steep sell-off, but major...

Published 22 Jun, 2022 05:58am

Markets

Gulf markets close mixed on growth worries

BENGALURU: Stock markets in the Gulf ended mixed on Thursday, on persistent concerns over slowing economic growth ...

Published 27 May, 2022 05:50am

Markets

Saudi, Egypt fall as markets reopen after weekend; Qatar edges up

DUBAI: Saudi Arabia’s stock market fell for a second consecutive session on Sunday, under pressure from lower...

Published 23 May, 2022 06:15am

Markets

Saudi expects 13m bpd oil capacity by 2027

MANAMA: Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed...

Published 17 May, 2022 06:29am

Markets

Saudi bourse rebounds; Aramco’s profit soars 82pc in Q1

DUBAI: Saudi Arabia’s stock market rebounded on Sunday, after a sharp decline in the previous session, while the...

Published 16 May, 2022 05:42am

Markets

Abu Dhabi leads Gulf bourses lower; Aramco surpasses Apple

DUBAI: Abu Dhabi led Middle East stock markets lower on Thursday as fears grew that fast-rising inflation will drive...

Published 13 May, 2022 05:59am

KSA offered sites in Hub, Gwadar to set up oil refinery

ISLAMABAD: Pakistan has offered two locations- Hub and Gwadar, to Saudi Arabia for establishment of oil refinery in...

Updated 27 Apr, 2022 10:41am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

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