Trends - Brent crude - Business Recorder

Brent crude

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

Markets

Oil prices settle down, post big weekly losses on banking fears

NEW YORK: Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking sector fears...

Published 20 Mar, 2023 06:12am

Markets

Oil extends losses as rate hike concerns spur sell-off

HOUSTON: Oil prices traded lower on Wednesday, extending losses after US government data pointed to weak demand,...

Published 09 Mar, 2023 06:23am

Markets

Oil gains as Russian output cuts offset rising U.S. inventories

LONDON: Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset...

Updated 24 Feb, 2023 06:27pm

Markets

Oil prices firm, but rise in US inventories looms

LONDON: Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the...

Updated 23 Feb, 2023 06:02pm

Markets

Oil falls on fuel demand worries ahead of U.S. Fed comments

LONDON: Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S....

Updated 22 Feb, 2023 08:37pm

Markets

Brent oil steadies as demand hopes and supply curbs support

LONDON: Brent crude oil prices steadied after early declines on Tuesday, supported by better than expected business...

Updated 21 Feb, 2023 06:03pm

Markets

Saudi crude exports rise in December from a five-month low

Saudi Arabia’s crude oil exports rose in December after falling to a five-month low the previous month, data from...

Published 20 Feb, 2023 09:19pm

Markets

Oil rises on China demand hopes and supply concerns

LONDON: Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major...

Updated 20 Feb, 2023 09:11pm

Markets

Oil settles down $2/bbl, ends week lower on Fed worries

NEW YORK: Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future ...

Published 20 Feb, 2023 06:26am

Markets

Oil prices firm on China demand optimism

LONDON: Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens...

Updated 26 Jan, 2023 04:45pm

Business & Finance

Gulf economies to slow this year on sluggish oil demand

BENGALURU: Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022...

Published 24 Jan, 2023 12:19pm

Markets

Oil prices hit 7-week high on stronger China outlook

NEW YORK: Oil prices rose by around 1% on Monday to a seven-week high, extending last week’s gains on the back of ...

Published 24 Jan, 2023 06:06am

Markets

Oil gains 2pc on optimism over global economy

NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook...

Published 12 Jan, 2023 06:59am

Markets

Most Gulf markets edge up as oil prices recover

Most stock markets in the Gulf edged up on Tuesday as benchmark oil prices, the key catalyst for the region’s...

Published 03 Jan, 2023 02:57pm

Markets

Oil drops 2pc in light trading

NEW YORK: Oil prices dipped on Wednesday as traders weighed concerns over a surge in COVID-19 cases in China, the...

Published 29 Dec, 2022 05:59am

Business & Finance

Bond yields little changed

MUMBAI: Indian government bond yields ended little changed in a low-volume session on Monday as most market...

Published 27 Dec, 2022 06:07am

Markets

Oil rises $3/bbl after Russia signals output cut due to price cap

NEW YORK: Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow...

Published 26 Dec, 2022 05:48am

Markets

Oil prices rise but China’s COVID surge limits gains

LONDON: Oil prices rose on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but...

Updated 20 Dec, 2022 05:45pm

Markets

Oil slumps by $2/bbl, dogged by recession fears

NEW YORK: Oil fell by about $2 per barrel on Friday, swept up in a wider rout in global equities on fears of a...

Published 19 Dec, 2022 06:00am

Markets

Oil jumps on supply risks, ongoing Keystone outage

NEW YORK: Oil prices gained more than $2 a barrel on Monday on supply jitters, as a key pipeline supplying the ...

Published 13 Dec, 2022 05:58am

Markets

Oil up more than $2 on tight supply

LONDON: Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a...

Published 01 Dec, 2022 05:47am

Markets

Oil rises as OPEC+ focus on supply cuts outweighs recession concerns

LONDON: Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take...

Updated 22 Nov, 2022 06:53pm

Markets

Oil prices hit 10-month low on OPEC+ production boost report

WSJ report suggests Saudi Arabia and other OPEC oil producers are discussing output increase

Updated 21 Nov, 2022 09:21pm

Business & Finance

Rouble holds between 60-61 vs dollar

MOSCOW: The Russian rouble traded in a narrow range against the dollar on Friday, weighed down by oil prices...

Published 21 Nov, 2022 05:59am

Markets

Oil falls $1 on China COVID surge and firmer dollar

LONDON: Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China...

Updated 14 Nov, 2022 05:04pm

Markets

Oil higher as China eases Covid curbs

LONDON: Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of ...

Published 13 Nov, 2022 03:03am

Markets

Oil prices fall more than 2pc on US inventory build-up

NEW YORK: Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that US crude stockpiles...

Published 10 Nov, 2022 05:50am

Markets

Oil prices dip on China demand worries, US midterm elections

LONDON: Oil prices dipped on Tuesday on growing worries about fuel demand as COVID-19 outbreaks worsened in top ...

Published 09 Nov, 2022 03:41am

Markets

Oil rises to over 2-month high on China potentially easing restrictions

NEW YORK: Oil prices rose on Monday to an over two-month high on news that China, the world’s top crude importer,...

Published 08 Nov, 2022 05:56am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.70 ▲ 0.48 (39.34%)
Premier Insurance / Mar 22 Premier Insurance Limited(PINL)	7 ▲ 0.75 (12.00%)
Punjab Mod / Mar 22 First Punjab Modaraba(FPJM)	1.55 ▲ 0.14 (9.93%)
Shield Corp. / Mar 22 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.35 ▲ 15.30 (7.50%)
Shakarganj / Mar 22 Shakarganj Limited(SML)	31.17 ▲ 2.17 (7.48%)
Noon Sugar / Mar 22 Noon Sugar Mills Limited(NONS)	54.80 ▲ 3.78 (7.41%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Zahid Jee Textile / Mar 22 Zahidjee Textile Mills Limited(ZAHID)	29.25 ▲ 1.90 (6.95%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)

Stock	Price
First Elite Cap.Mod / Mar 22 First Elite Capital Modaraba(FECM)	2.62 ▼ -0.54 (-17.09%)
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Engro Poly(Pref / Mar 22 Engro Poly(Pref)(EPCLPS)	12 ▼ -0.98 (-7.55%)
S.S.Oil / Mar 22 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	15,650,500 ▲ 0.10
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.01
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.06
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.14
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.04
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.02
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▼ -0.05
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.23
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.23
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.18

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
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
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91
Tokyo Nikkei / Mar 22	27459.77
Hang Seng / Mar 22	19685.51

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

Brent crude

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