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oil markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

Oil prices up 1pc to near 7-week high

NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and...

Published 19 Jan, 2023 06:31am

Business & Finance

Oil prices fall nearly 5pc on worry over global economy

NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand...

Published 05 Jan, 2023 05:58am

Markets

Asia’s spot fuel oil market firms

SINGAPORE: Asia’s spot fuel oil market extended gains on Tuesday, although recovery remains capped as monthly...

Published 21 Dec, 2022 06:50am

Opinion

Russian oil sold to India below price cap in buyers’ market

Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil...

Published 15 Dec, 2022 06:45am

Oil rebounds, but still on track for biggest weekly declines

NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly...

Updated 10 Dec, 2022 09:59am

Markets

OPEC+ seen heading for oil policy rollover, cut not ruled out

LONDON/DUBAI: OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources...

Published 02 Dec, 2022 07:11pm

Markets

Oil rises as China eases Covid curbs, dollar weakens

NEW YORK: Oil rose about $2 a barrel on Thursday after top crude importer China eased Covid curbs in two major...

Published 02 Dec, 2022 05:47am

Markets

Oil prices rise, but Chinese demand worries linger

LONDON: Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand...

Updated 25 Nov, 2022 07:12pm

Markets

Saudi, Iraqi energy ministers meet, review oil markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+...

Published 25 Nov, 2022 09:50am

Markets

Oil prices settle up

NEW YORK: Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed...

Published 24 Oct, 2022 06:46am

With Iran deal looming, OPEC+ weighs oil cuts

DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to...

Published 24 Aug, 2022 05:08am

Markets

Oil falls 3%, pressured by surprise US crude, gasoline build

HOUSTON: Oil prices slid 3% on Wednesday, with losses accelerating after US data showed crude and gasoline...

Updated 03 Aug, 2022 10:49pm

Markets

Oil up 2pc on supply worries ahead of OPEC+ meeting

NEW YORK: Oil futures rose about 2% on Tuesday as traders worried that this week’s meeting of OPEC+ producers may...

Published 03 Aug, 2022 06:36am

Markets

France wants Iran, Venezuela return to oil markets

SCHLOSS ELMAU: France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian...

Published 27 Jun, 2022 05:29pm

Markets

Oil turbulence could last five years, ExxonMobil boss warns

DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said...

Published 22 Jun, 2022 08:12am

Russian, Saudi foreign ministers praise OPEC+

RIYADH: Russian Foreign Minister Sergei Lavrov met Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh on...

Published 02 Jun, 2022 06:19am

Markets

Copper rebounds as oil claws higher, Shanghai lifts curbs

LONDON: Copper prices rebounded on Wednesday, boosted by the lifting of COVID-19 lockdowns in Shanghai and gains in...

Published 02 Jun, 2022 06:19am

Markets

Oil volatility ‘worse’ without OPEC+ bloc that includes Russia: Saudi

DUBAI: Volatility on oil markets sparked by Russia’s invasion of Ukraine would be worse without OPEC+, the Saudi...

Published 29 Mar, 2022 07:55pm

Markets

ICE canola futures firm

CHICAGO: ICE canola futures climbed on Tuesday, supported by firming edible oil markets, traders said. The nearby ...

Published 24 Mar, 2022 05:36am

US gasoline prices edge lower after hitting record high last week

NEW YORK: US gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week...

Updated 14 Mar, 2022 03:51pm

Markets

Oil markets fret over supply shock as some buyers shun Russia

LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are...

Published 08 Mar, 2022 07:35pm

Oil steadies from decade-highs

HOUSTON: Oil eased after hitting prices not seen in roughly a decade on Thursday, as sellers jumped on hopes that ...

Updated 04 Mar, 2022 10:46am

Oil surpasses $100, stocks slump

NEW YORK: Oil prices broke above $100 a barrel on for the first time since 2014 and stock markets slumped globally ...

Published 25 Feb, 2022 06:19am

Markets

Oil price turns negative in response to Ukraine uncertainty

NEW YORK: Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government,...

Published 24 Feb, 2022 06:34am

Markets

Iraq strengthens grip on India oil market, with highest volumes in 29 months

NEW DELHI: India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million barrels per ...

Published 17 Feb, 2022 05:33pm

Business & Finance

Canadian dollar adds to weekly gain

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as higher oil prices offset signs of...

Published 12 Feb, 2022 05:09am

Markets

Oil hits fresh 7-year highs, closing out seven weeks of gains

NEW YORK: Oil prices surged to fresh seven-year highs on Friday, headed for a seventh straight weekly increase, ...

Published 05 Feb, 2022 05:47am

Markets

ME crude benchmark Dubai climbs

SINGAPORE: Middle East crude benchmark Dubai climbed on Monday amid active trading ahead of Lunar New Year ...

Published 01 Feb, 2022 04:07am

Markets

IEA warns of potential volatile year for oil market

PARIS: The oil market could face another volatile year but demand is surging higher as the sector has weathered the...

Published 19 Jan, 2022 05:57pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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