Trends - energy prices - Business Recorder

energy prices

EU proposes power market revamp to blunt price spikes

BRUSSELS: The European Commission proposed a revamp of Europe’s electricity market rules on Tuesday, to try to...

Published 20 Mar, 2023 06:12am

World

Italy may have staved off recession, economy minister says

ROME: Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high...

Published 06 Mar, 2023 11:14pm

Business & Finance

UAE’s GDP grew 7.6pc in 2022, official says

ABU DHABI: The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about...

Published 06 Mar, 2023 07:40am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Opinion

Progressive fiscal policy

The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the...

Published 28 Feb, 2023 06:15am

Markets

Use of energy witnesses increase of 9pc in 2022: Speakers

ISLAMABAD: Speakers at a seminar have observed that the use of energy in Pakistan has witnessed an increase of nine...

Published 25 Feb, 2023 06:23am

Business & Finance

KP-TMA assails sharp hike in energy prices

PESHAWAR: Khyber Pakhtunkhwa Textile Mills Association (KP-TMA) has expressed concern over manifold increase in...

Published 20 Feb, 2023 06:26am

Opinion

Price falls, red tape curb demand from businesses for German energy subsidy

Take-up by German companies of a government scheme to help with energy costs this winter is likely to be lower than...

Published 11 Feb, 2023 05:57am

Opinion

Letter to a Comrade

Dear Muzammil, I hope you are well. It has been a while since we last saw, met or spoke. Judging from your article ...

Updated 07 Feb, 2023 02:20pm

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Business & Finance

Record Shell profit on soaring energy prices sparks outrage

LONDON: British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging...

Published 03 Feb, 2023 06:17am

Opinion

Economy: it has only gotten worse

Like ‘Shehbaz speed’, finance minister Ishaq Dar’s bubble has been burst as well. The ‘Dar magic’ was as...

Updated 30 Jan, 2023 07:00am

BR Research

Telecom FDI: painting red

The disappointing run in the telecommunications industry’s foreign direct investment (FDI) continues. Latest data...

Published 24 Jan, 2023 09:54am

Opinion

Outlook 2023

After a very disappointing and disorderly year end, the global market is probably heading for another difficult...

Published 03 Jan, 2023 03:25am

World

Germany’s finance minister sees 2023 inflation at 7pc

BERLIN: Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to...

Published 02 Jan, 2023 06:35am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Business & Finance

Exxon sues EU in move to block new windfall tax on oil companies

NEW YORK: US oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new...

Updated 30 Dec, 2022 08:42am

Editorials

Tougher times likely ahead for markets

EDITORIAL: Yesterday, S&P Global cut Pakistan’s long-term sovereign rating by one notch to “CCC+” from “B”. The...

Published 23 Dec, 2022 05:54am

Business & Finance

UK inflation slows, remains close to 11 percent

LONDON: British inflation slowed more than expected in November but remained near the highest level in more than 40...

Published 15 Dec, 2022 07:40am

Business & Finance

November CPI likely to decline marginally

ISLAMABAD: Pakistan’s November CPI is expected to decline marginally and may remain in the range of 23 percent to...

Updated 30 Nov, 2022 12:50pm

Markets

Palm hits 18-day closing high

KUALA LUMPUR: Malaysian palm oil futures climbed for a second straight session on Tuesday, hitting their highest...

Published 30 Nov, 2022 05:53am

Editorials

Deep anxiety pervades Pakistan

EDITORIAL: Businesses are not happy. Growing economic and political uncertainty is causing an adverse impact on...

Published 07 Nov, 2022 05:48am

Opinion

Energy market turmoil shakes Europe’s green power plan

Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and...

Updated 04 Nov, 2022 06:35am

Opinion

Behind facade of unity, Franco-German relations falter as crises mount

When Germany unveiled a 200 billion euro ($200 billion) package to shield its industry and consumers from soaring...

Published 27 Oct, 2022 05:54am

Business & Finance

ECB again eyes jumbo rate hike to ‘tame inflation beast’

FRANKFURT: The European Central Bank is expected to set aside recession worries and deliver another jumbo interest...

Published 25 Oct, 2022 05:51am

World

EU agrees ‘roadmap’ to contain energy prices

BRUSSELS: EU leaders on Friday reached agreement on a “roadmap” aimed at putting in place measures within weeks to...

Published 21 Oct, 2022 10:06am

World

EU leaders struggle for common ground on energy prices

BRUSSELS: EU leaders will debate how to handle Europe’s energy shock Thursday, with capitals at loggerheads over...

Published 20 Oct, 2022 09:57am

World

EU proposes energy measures

BRUSSELS: The European Commission proposed another set of emergency measures on Tuesday to tackle high energy ...

Published 19 Oct, 2022 05:54am

Opinion

Energy prices: industry begins to buckle?

The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in ...

Updated 19 Oct, 2022 06:26am

World

Germany forecasts recession, soaring inflation in 2023

FRANKFURT: Germany’s output will contract 0.4 percent next year and inflation is expected to hit seven percent, ...

Published 13 Oct, 2022 05:59am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

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 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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