Trends - Louise Dickson - Business Recorder

Louise Dickson

Oil marches higher, with few paths seen to alleviate Russian supply disruption

NEW YORK: Oil relentlessly marched higher beyond $110 a barrel on Wednesday, responding to a flood of divestment ...

Published 03 Mar, 2022 04:39am

Markets

Oil price steady, Kazakh turmoil adds to supply concerns

LONDON: Oil prices held steady on Friday, heading for their biggest weekly gains since mid-December as unrest in...

Published 08 Jan, 2022 03:59am

Markets

Oil edges up to new multi-year highs on short supply

NEW YORK: Oil prices edged up to fresh multi-year highs on Tuesday, supported by a global supply shortage and strong...

Published 27 Oct, 2021 04:50am

Markets

Oil up on tight supply, Brent crude nears $80 a barrel

NEW YORK: Oil prices gained on Monday for a fifth straight day, with Brent at its highest since October 2018 and...

Published 28 Sep, 2021 05:12am

Markets

Oil prices accelerate rise as OPEC+ calls off output talks

The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed on record output cuts in 2020 to cope with a COVID-induced price crash.

Published 05 Jul, 2021 10:53pm

Markets

Oil hits over 1-year high on OPEC+ supply discipline, demand prospects

NEW YORK: Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC ...

Published 03 Jun, 2021 04:13am

Markets

Oil rises to highest since March on demand prospects

OPEC+ decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, anticipating rising global demand despite the high number of coronavirus cases in India, the world's third-largest oil consumer.

Published 01 Jun, 2021 11:15pm

Markets

Oil edges up as rising demand faces Iran supply worries

NEW YORK: Oil prices edged a shade higher on Tuesday as rising demand from the approach of the Northern...

Published 26 May, 2021 03:45am

Markets

Oil prices rise on nagging fears of fuel shortages

NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the...

Published 12 May, 2021 04:23am

Markets

Oil gains over 1pc on strong U.S., China economic data

Goldman Sachs said any potential recovery in Iranian oil exports would not be a shock to the market, and full recovery would not occur until summer 2022.

Updated 07 Apr, 2021 12:22am

Markets

Oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh

OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.

Published 31 Mar, 2021 11:56pm

Markets

Oil falls as Suez Canal opens, dollar rallies; eyes on OPEC+ meeting

Ships were moving through the Suez Canal again a day after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week.

Updated 31 Mar, 2021 12:05am

Markets

Oil rises as traders expect OPEC+ to hold output cuts

Brent oil rose 26 cents to $64.83 a barrel by 1:08 p.m. EDT (1708 GMT). U.S. crude rose 47 cents to $61.44 a barrel.

Updated 30 Mar, 2021 12:01am

Markets

Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%

The tech-rich Nasdaq Composite Index slid 3.0 percent to close at 13,116.17, while the broad-based S&P 500 lost 1.5 percent to end at 3,915.46.

Published 19 Mar, 2021 11:09am

Markets

Oil steadies as weaker dollar offsets demand worries

NEW YORK: Oil was steady on Thursday as the impact of a weaker dollar and big US crude inventory drawdown offset...

Published 29 Jan, 2021 04:55am

Markets

Oil tumbles 4pc as new virus strain revives demand fears

Brent climbed above $50 last week for the first time since March, buoyed by optimism stemming from COVID-19 vaccines.

Published 22 Dec, 2020 12:59am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Feb 3 Trust Modaraba(TRSM)	1.98 ▲ 0.48 (32.00%)
Pak Gulf Leasing / Feb 3 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▲ 1.00 (18.02%)
Samba Bank / Feb 3 Samba Bank Limited(SBL)	7.15 ▲ 1.00 (16.26%)
TPL Trakker Ltd / Feb 3 TPL Trakker Limited(TPLT)	9.90 ▲ 0.90 (10.00%)
Dawood Equities / Feb 3 Dawood Equities Limited(DEL)	6.18 ▲ 0.46 (8.04%)
Trust Sec.& Brok. / Feb 3 Trust Securities & Brokerage Limited(TSBL)	14 ▲ 1.00 (7.69%)
Khyber Tobacco / Feb 3 Khyber Tobacco Company Limited(KHTC)	342.67 ▲ 23.90 (7.50%)
Shahtaj Sugar / Feb 3 Shahtaj Sugar Mills Limited(SHJS)	49.22 ▲ 3.43 (7.49%)
Quetta Textile / Feb 3 Quetta Textile Mills Limited(QUET)	15.52 ▲ 1.08 (7.48%)
Frontier Ceram / Feb 3 Frontier Ceramics Limited(FRCL)	15.99 ▲ 1.10 (7.39%)

Stock	Price
Data Textile / Feb 3 Data Textiles Limited(DATM)	7.08 ▲ -1.00 (-12.38%)
Premier Insurance / Feb 3 Premier Insurance Limited(PINL)	6.66 ▲ -0.86 (-11.44%)
Zephyr Textile / Feb 3 Zephyr Textiles Limited(ZTL)	8.53 ▲ -0.96 (-10.12%)
Ashfaq Textile / Feb 3 Ashfaq Textile Mills Limited(ASHT)	9.39 ▲ -1.00 (-9.62%)
F.Treet Manuf / Feb 3 First Treet Manufacturing Modaraba(FTMM)	7.71 ▲ -0.74 (-8.76%)
IGI Life Ins / Feb 3 IGI Life Insurance Limited(IGIL)	9 ▲ -0.86 (-8.72%)
Ruby Tex. / Feb 3 Ruby Textile Mills Limited(RUBY)	3 ▲ -0.27 (-8.26%)
Pervez Ahmed Co / Feb 3 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.67 ▲ -0.06 (-8.22%)
KASB Modaraba / Feb 3 KASB Modaraba(KASBM)	1.26 ▲ -0.11 (-8.03%)
Next Capital / Feb 3 Next Capital Limited(NEXT)	4.76 ▲ -0.39 (-7.57%)

Stock	Volume
WorldCall Telecom / Feb 3 Worldcall Telecom Limited(WTL)	20,606,814 ▲ -0.03
Pak Petroleum / Feb 3 Pakistan Petroleum Limited(PPL)	12,289,269 ▲ -0.87
Hub Power Co. / Feb 3 The Hub Power Company Limited(HUBC)	7,871,024 ▼ 1.33
Cnergyico PK / Feb 3 Cnergyico PK Limited(CNERGY)	7,256,361 ▲ -0.14
Dewan Motors / Feb 3 Dewan Farooque Motors Limited(DFML)	6,197,500 ▲ -0.27
Ghani Glo Hol / Feb 3 Ghani Global Holdings Limited(GGL)	5,488,518 ▲ -0.13
Oil & Gas Dev. / Feb 3 Oil & Gas Development Company Limited(OGDC)	5,157,941 ▲ -1.12
Gul Ahmed / Feb 3 Gul Ahmed Textile Mills Limited(GATM)	4,969,528 ▼ 1.38
The Searle Co. / Feb 3 The Searle Company Limited(SEARL)	4,848,886 ▲ -1.07
TRG Pak Ltd / Feb 3 TRG Pakistan Limited(TRG)	4,483,294 ▲ -0.43

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	128.54
USD to Swiss Franc / Feb 3	0.91
Pound Sterling to USD / Feb 3	1.22
Euro to USD / Feb 3	1.09
UK LIBOR % / Feb 2	4.30

Stock	Volume
S&P 500 / Feb 2	4179.76
Nasdaq / Feb 2	12200.82
Dow Jones / Feb 2	34053.94
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Hang Seng / Feb 3	21558.22
FTSE 100 / Feb 3	7834.62
Germany DAX 30 / Feb 3	15410.23
France CAC40 / Feb 3	7138.37

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 2	22235
Gold 10 Grams PKR / Feb 2	177641
Crude Oil USD/Barrel / Feb 3	75.68
Gold Spot USD/Ounce / Feb 3	1915.21
Cotton US¢/pound / Feb 3	85.91

Louise Dickson

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