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Crude Oil

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 10.346...

Published 18 Feb, 2021 04:08am

Markets

Oil climbs as Texas freeze prompts US production drop

NEW YORK: Oil climbed more than 1% on Wednesday as frigid Texas temperatures curtailed production in the largest US...

Published 18 Feb, 2021 04:08am

Markets

Saudi crude exports hit eight-month peak in December 2020

Exports rose to 6.495 million barrels per day (bpd), highest since April 2020, from November's 6.35 million bpd.
Saudi domestic crude refinery throughput fell by 0.4% to 2.33 million bpd, while direct crude burn dropped by 53,000 bpd to 267,000 bpd.

Published 17 Feb, 2021 08:46pm

Markets

Oil extends rally on Texas supply disruptions

Texas cold deep freeze shut down oil wells and refineries.
OPEC+ likely to ease curbs on supply after April – sources.

Published 17 Feb, 2021 05:50pm

Markets

Oil steady amid Texas supply disruptions, potential OPEC+ moves

The OPEC+ group will meet to set policy on March 4.

Published 17 Feb, 2021 01:18pm

BR Research

Extreme weather takes oil high

As extreme weather grips the American state of Texas which plunged into darkness amid rising demand for electricity,...

Published 17 Feb, 2021 07:35am

Markets

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 5.892 ...

Published 16 Feb, 2021 04:07am

Markets

Asia’s gasoline falls to six-week lows

SINGAPORE: Asia’s gasoline crack slipped for a fourth consecutive session to a more than six-week low on Thursday,...

Published 14 Feb, 2021 03:49am

Business & Finance

Rosneft net profit plummets amid pandemic

MOSCOW: Russia’s largest oil producer Rosneft on Friday announced a nearly 80 percent drop in net profit in 2020,...

Published 14 Feb, 2021 03:49am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.191...

Published 13 Feb, 2021 04:11am

Markets

Asian fuel oil margin hits 1-year high

SINGAPORE: Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur...

Updated 12 Feb, 2021 11:47pm

Markets

Oil drops after strong rally as new COVID-19 variants weigh

Brent falls after nine sessions of gains.
WTI rally also ends.
Global oil supply still outstripping demand –IEA.
Libya oil guards end blockade at Hariga port.

Updated 11 Feb, 2021 09:27pm

Markets

US oil may revisit Feb. 9 low of $57.27

Oil is expected to fall towards $57.27, which is also the bottom of the wave (3)-4.

Published 11 Feb, 2021 10:11am

Markets

Brent oil may retreat into $60.12-$60.43 range

That means the upside could be very limited even though oil may keep on edging up. The risk for a deep fall, however, has become increasingly high.

Published 11 Feb, 2021 10:06am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 10, 2021)....

Published 11 Feb, 2021 04:34am

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 6.818...

Published 11 Feb, 2021 04:34am

Markets

US oil may rise into $58.88-59.38 range

A realistic target could be either $58.88 or $59.38.

Published 10 Feb, 2021 10:52am

Markets

Brent oil may rise into $61.74-$62.23 range

The reversal signals a continuation of the uptrend.

Published 10 Feb, 2021 10:49am

Markets

Malaysian palm oil climbs 4pc

KUALA LUMPUR: Malaysian palm oil futures rose as much as 4.6% to hit a near one-month high on Tuesday, boosted by...

Published 10 Feb, 2021 04:12am

Markets

Oil hits 13-month highs on supply cuts, weak dollar

Brent, WTI futures hit highest since January 2020.
Both contracts had risen for 6 straight sessions.
US crude, gasoline stockpiles up last week -Reuters poll.

Published 09 Feb, 2021 08:37pm

Markets

Oil gives up early gains, but Brent stays over $60/bbl

Brent, WTI futures hit highest since January 2020.
Both contracts had risen for 6 straight sessions.
US crude, gasoline stockpiles up last week - Reuters poll.

Published 09 Feb, 2021 06:03pm

Markets

Brent oil may rise into $61.43-$61.74 range

Support is at $60.64, a break below which may cause a fall to $60.43. On the daily chart, oil is riding on an extended wave 5.

Published 09 Feb, 2021 10:57am

Markets

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.371 ...

Published 09 Feb, 2021 04:43am

Markets

Brent approaches $60/bbl as supply cuts, stimulus hopes lift prices

A weaker dollar against most currencies on Monday also supported commodities, with dollar-denominated commodities becoming more affordable to holders of other currencies.

Published 08 Feb, 2021 10:47am

Markets

US oil may rise into the $57.77-$58.06 range

It could easily overcome the subsequent barriers.

Published 08 Feb, 2021 10:33am

Markets

Palm oil may retreat to 3,322 ringgit

On the daily chart, the contract managed to hover above a rising trendline.

Published 08 Feb, 2021 10:31am

Markets

Brent oil may test resistance at $60.12

A rising trendline roughly points at a target of $62.50, the 400% projection level of an uptrend from $39.34.

Published 08 Feb, 2021 10:29am

Markets

Oil hits highest in a year on growth hopes, OPEC+ cuts

Brent hits highest since February 2020.
OPEC+ maintains policy aimed at tightening supply.
US crude stockpiles fall to lowest since March.

Published 05 Feb, 2021 05:46pm

Markets

US oil may rise into the $57.24-$57.55 range

The next resistance will be at $57.72, a break above which could lead to a gain to $58.55. A pennant suggests a target of $58.30 which falls within the range of $57.72-$58.55.

Published 05 Feb, 2021 11:57am

Markets

Brent oil may rise into $59.63-$60.13 range

However, this wave count has to be modified, as oil has surpassed $59.04. The strong move indicates the progress of a powerful wave (3)-3, which could drive the market wild.

Published 05 Feb, 2021 11:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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