ANL 22.33 Decreased By ▼ -1.86 (-7.69%)
ASC 14.60 Decreased By ▼ -0.60 (-3.95%)
ASL 23.65 Increased By ▲ 1.65 (7.5%)
BOP 8.28 Decreased By ▼ -0.14 (-1.66%)
BYCO 8.15 Decreased By ▼ -0.31 (-3.66%)
FCCL 17.97 Increased By ▲ 0.57 (3.28%)
FFBL 23.48 Decreased By ▼ -0.74 (-3.06%)
FFL 16.10 Decreased By ▼ -0.80 (-4.73%)
FNEL 7.97 Decreased By ▼ -0.18 (-2.21%)
GGGL 19.40 Decreased By ▼ -1.29 (-6.23%)
GGL 41.74 Increased By ▲ 0.21 (0.51%)
HUMNL 6.34 Decreased By ▼ -0.21 (-3.21%)
JSCL 19.37 Decreased By ▼ -0.76 (-3.78%)
KAPCO 37.18 Decreased By ▼ -0.32 (-0.85%)
KEL 3.48 Decreased By ▼ -0.03 (-0.85%)
MDTL 2.70 Decreased By ▼ -0.25 (-8.47%)
MLCF 34.99 Decreased By ▼ -0.06 (-0.17%)
NETSOL 139.30 Decreased By ▼ -5.55 (-3.83%)
PACE 5.12 Decreased By ▼ -0.85 (-14.24%)
PAEL 28.35 Decreased By ▼ -1.74 (-5.78%)
PIBTL 8.90 Decreased By ▼ -0.27 (-2.94%)
POWER 7.30 Decreased By ▼ -0.30 (-3.95%)
PRL 18.30 Decreased By ▼ -0.95 (-4.94%)
PTC 10.00 Decreased By ▼ -0.12 (-1.19%)
SILK 1.51 Decreased By ▼ -0.11 (-6.79%)
SNGP 45.30 Increased By ▲ 1.80 (4.14%)
TELE 20.41 Decreased By ▼ -1.59 (-7.23%)
TRG 169.50 Decreased By ▼ -1.00 (-0.59%)
UNITY 33.05 Decreased By ▼ -0.89 (-2.62%)
WTL 2.96 Decreased By ▼ -0.13 (-4.21%)
BR100 4,822 Decreased By ▼ -36.54 (-0.75%)
BR30 23,477 Decreased By ▼ -388.55 (-1.63%)
KSE100 45,597 Decreased By ▼ -411.61 (-0.89%)
KSE30 18,029 Decreased By ▼ -149.92 (-0.82%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,374
4724hr
Pakistan Cases
1,230,238
2,33324hr
4.56% positivity
Sindh
452,267
Punjab
424,701
Balochistan
32,796
Islamabad
104,472
KPK
171,874

Crude Oil

US oil target of $67.98 aborted
Markets

US oil target of $67.98 aborted

  • Unless oil could quickly reverse the fall on Wednesday and break $66.52, it will be more likely to drop towards $62.62-$63.88 range.
Published 06 May, 2021 12:00pm
Brent oil may fall more to $67.14
Markets

Brent oil may fall more to $67.14

  • In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.
Published 06 May, 2021 11:58am
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.598...
Published 05 May, 2021 04:01am
US oil may fall to $62.33
Markets

US oil may fall to $62.33

  • A retracement analysis reveals that oil has pierced below a support at $63.53. Chances are it may drop to $62.33.
Published 03 May, 2021 12:19pm
Oil prices to drift higher despite India demand hiccup
Markets

Oil prices to drift higher despite India demand hiccup

  • Demand growth seen at 5.5-6.5 million bpd in 2021.
  • Fifth straight upward revision to the 2021 Brent consensus.
  • Benchmark Brent crude to average $64.17/bbl in 2021.
  • US crude forecast to average $61.01/bbl this year.
Published 30 Apr, 2021 06:43pm
Forties oil work to drive drop in June Brent benchmark supply
Markets

Forties oil work to drive drop in June Brent benchmark supply

  • Forties is normally the largest or second-largest of the five crude grades that underpins Brent, loading as many as 15 cargoes in a month. The other four grades are Ekofisk, Oseberg, Troll and Brent itself.
  • "It's going to be a tiny programme," one of the sources said, adding that the Hound Point terminal where Forties cargoes load would be closed for most of June.
Published 29 Apr, 2021 05:41pm
US oil may test resistance at $64.61
Markets

US oil may test resistance at $64.61

  • The current prediction is oil would fail again to break the zone and then start a correction which is much shallower than the one from $67.98.
Published 29 Apr, 2021 11:30am
Oil prices rise 2pc on fuel demand optimism
Markets

Oil prices rise 2pc on fuel demand optimism

  • US crude stocks edge up, distillate inventories drop –EIA.
  • Goldman sees surge in oil demand over next six months.
  • OPEC+ sticks to plan to ease oil output cuts from May 1.
  • India's COVID-19 death toll surges past 200,000.
Published 28 Apr, 2021 09:12pm
Oil prices rise as demand outlook offsets COVID worries
Markets

Oil prices rise as demand outlook offsets COVID worries

  • OPEC+ sticks to plan to ease oil output cuts from May 1.
  • Goldman sees surge in oil demand over next six months.
  • India's COVID-19 death toll surges past 200,000.
  • Rystad sees 1 mln b/d demand hit in May from India COVID wave.
  • API shows increase in US crude inventories.
Published 28 Apr, 2021 08:12pm
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 9.856 ...
Published 28 Apr, 2021 03:18am