Trends - oil price - Business Recorder

oil price

Oil rises over 2pc, but still set for weekly drop on recession fears

NEW YORK: Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second...

Published 25 Jun, 2022 04:42am

BR Research

Oil price outlook: 50-50

As international oil price posted first weekly loss in eight weeks, murmurs of Brent and WTI having peaked have...

Published 23 Jun, 2022 10:02am

Markets

Rupee sheds 0.78% against US dollar owing to drop in forex reserves

Increase in global oil prices creates panic in currency market

Updated 10 Jun, 2022 08:43pm

Editorials

Oil industry’s desperate SOS call

EDITORIAL: The oil industry could not possibly have faced a bigger crisis at the moment than international banks...

Published 04 Jun, 2022 04:18am

Markets

Rupee's winning streak against US dollar comes to an end amid negative economic developments

Currency appreciated for five successive sessions in inter-bank market before losing value on Friday

Updated 03 Jun, 2022 08:15pm

Markets

Brent oil may retest resistance at $122.38

SINGAPORE: Brent oil may retest a resistance at $122.38 per barrel, a break above could lead to a gain to...

Published 31 May, 2022 10:11am

Business & Finance

Oil price hike: experts say OMCs’ cash flows will improve

KARACHI: The government’s decision to increase petroleum products’ prices is likely to improve cash flows of Oil...

Published 28 May, 2022 05:11am

Markets

Oil hedge funds caught between sanctions, recession

LONDON: Portfolio investors have left their petroleum positions essentially unchanged for the last nine weeks as ...

Published 18 May, 2022 05:54am

Markets

Rupee closes at 194.18 against USD, cumulative depreciation in one month hits 6.5%

Lack of clarity on economic policy and falling foreign exchange reserves as well as dollar's strength have contributed to currency's decline

Updated 16 May, 2022 07:43pm

Markets

US oil dips below $100 a barrel on economic worries, strong dollar

HOUSTON: The US crude oil price dipped below $100 a barrel on Tuesday to its lowest level in two weeks as the demand...

Published 11 May, 2022 04:58am

Markets

Rupee depreciates to record low against US dollar

Currency closes at 188.66 after a day-on-day fall of 0.6%
Lack of clarity on IMF programme and falling foreign exchange reserves weigh on market sentiment

Updated 10 May, 2022 06:23pm

Markets

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,...

Published 09 May, 2022 05:39am

Markets

Rupee falls another 0.5% against US dollar as market opens after Eid break

Closes at 186.63 on Friday as clarity awaited on IMF programme

Updated 06 May, 2022 10:03pm

Pakistan

PM greets nation on Eid-ul-Fitr

ISLAMABAD: Prime Minister Shehbaz Sharif while extending greetings to the nation on Eid-ul-Fitr, urged the ...

Published 03 May, 2022 03:47am

Markets

Back to losses: Rupee depreciates 0.23% against US dollar

Closes near 186 in inter-bank market on Thursday

Updated 28 Apr, 2022 05:41pm

Markets

Oil slumps over 5pc to near $100/bbl on Shanghai lockdowns

NEW YORK: Oil slumped over 5 percent on Monday to its lowest in two weeks on growing worries about the global energy...

Published 26 Apr, 2022 05:20am

Markets

Oil slips nearly 1pc on broader demand concerns

NEW YORK: Oil slipped nearly 1% on Wednesday, extending losses for a second day, as broader concerns about economic...

Published 21 Apr, 2022 05:26am

BR Research

Remittances holding up

Remittances for March 2022 touched the highest ever monthly level of $2.8 billion. This is an increase of over 28...

Published 15 Apr, 2022 06:16am

Markets

Rupee continues to enjoy upward ride, appreciates for fifth consecutive session

Closes at 181.69 against US dollar in inter-bank market on Thursday

Updated 14 Apr, 2022 05:38pm

Markets

Third successive gain: Rupee's appreciation run against US dollar continues

Appreciates to 182.02 in inter-bank market on Tuesday

Updated 12 Apr, 2022 05:01pm

Business & Finance

Engagement with IMF ‘remains strong’, says Dr Baqir

State Bank of Pakistan governor says goal is to complete the work that is necessary to draw the remaining $3 billion from the Washington-based lender

Updated 11 Apr, 2022 05:38pm

Markets

Amid low volume, KSE-100 inches higher

Despite political uncertainty and worrying economic indicators, the KSE-100 managed to end over the 44,000-point...

Published 06 Apr, 2022 05:57pm

Markets

Record weakness: Rupee crosses 185 level amid political upheaval

Widening trade deficit, falling foreign exchange reserves add to negative market sentiment

Updated 05 Apr, 2022 04:40pm

Markets

Oil jumps 2pc as deaths near Kyiv prompt talk of new sanctions

NEW YORK: Oil jumped about 2% on Monday, with investors worried about tighter supply as mounting civilian deaths in...

Published 05 Apr, 2022 05:38am

Markets

Rupee continues its losing streak, falls another 0.16%

Hits new record low of 182.64 against US dollar in inter-bank market on Wednesday

Updated 30 Mar, 2022 07:58pm

BR Research

Oil price: All eyes on Opec+ again

The volatility in international crude oil market continues unabated. Every week is an event, sending markets into...

Published 29 Mar, 2022 08:10am

Markets

Oil rebounds after reports of fire at Aramco oil facility

NEW YORK: Oil prices turned positive on Friday after reports of a missile strike and a fire at Saudi Arabia’s...

Published 26 Mar, 2022 04:13am

Markets

US refiners turn to Middle East for fuel oil after Russia import ban

HOUSTON: US refiners have begun snapping up fuel oil cargoes from the Middle East this month after US President Joe...

Published 25 Mar, 2022 05:47am

Markets

Japanese shares rise on oil price drop, gains in Chinese stocks

TOKYO: Japanese shares ended higher for a third straight session on Wednesday, tracking overnight Wall Street gains,...

Published 17 Mar, 2022 04:53am

Markets

Oil holds near $100 as Ukraine talks, demand concerns limit gains

Oil steadied above $100 a barrel in a volatile session on Wednesday, as it came under pressure from signs of...

Published 16 Mar, 2022 06:34pm

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jun 27 Premier Insurance Limited(PINL)	4.34 ▲ 0.59 (15.73%)
Nazir Cotton Mills / Jun 27 Nazir Cotton Mills Limited(NCML)	5.59 ▲ 0.57 (11.35%)
Pak Gen.Ins. / Jun 27 The Pakistan General Insurance Co. Ltd.(PKGI)	9.98 ▲ 1.00 (11.14%)
K-Electric Ltd. / Jun 27 K-Electric Limited(KEL)	3.12 ▲ 0.26 (9.09%)
P.I.A.C.(A) / Jun 27 Pakistan International Airlines Corp(PIAA)	3.63 ▲ 0.29 (8.68%)
Sec. Inv. Bank / Jun 27 Security Investment Bank Limited(SIBL)	5.95 ▲ 0.45 (8.18%)
Bankislami Pak. / Jun 27 BankIslami Pakistan Limited(BIPL)	11.73 ▲ 0.86 (7.91%)
786 Invest Ltd / Jun 27 786 Investments Limited(786)	5.38 ▲ 0.39 (7.82%)
Leather Up Ltd. / Jun 27 Leather Up Limited(LEUL)	13.35 ▲ 0.95 (7.66%)
JS Bank Ltd / Jun 27 JS Bank Limited(JSBL)	4.00 ▲ 0.28 (7.53%)

Stock	Price
Oilboy Engergy (R) / Jun 27 Oilboy Engergy Limited (R)(OBOYR1)	0.65 ▲ -0.52 (-44.44%)
Jubilee Spinning / Jun 27 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.20 ▲ -0.85 (-20.99%)
Kohinoor Power / Jun 27 Kohinoor Power Company Limited(KOHP)	3.41 ▲ -0.52 (-13.23%)
Power Cem(Pref) / Jun 27 Power Cement (Pref)(POWERPS)	6.51 ▲ -0.99 (-13.20%)
Sitara Energy / Jun 27 Sitara Energy Limited(SEL)	9.10 ▲ -1.00 (-9.90%)
Elite Cap.Mod / Jun 27 First Elite Capital Modaraba(FECM)	3.17 ▲ -0.33 (-9.43%)
First IBL Mod. / Jun 27 First IBL Modaraba(FIBLM)	4.10 ▲ -0.40 (-8.89%)
Tri-Star Power / Jun 27 Tri-Star Power Limited(TSPL)	3.45 ▲ -0.33 (-8.73%)
Quetta Textile / Jun 27 Quetta Textile Mills Limited(QUET)	7.39 ▲ -0.61 (-7.63%)
Metro Steel / Jun 27 Metropolitan Steel Corporation Limited(MSCL)	23.11 ▲ -1.87 (-7.49%)

Stock	Volume
K-Electric Ltd. / Jun 27 K-Electric Limited(KEL)	29,612,000 ▼ 0.00
Treet Corp / Jun 27 Treet Corporation Limited(TREET)	19,925,500 ▼ 0.00
Pak Refinery / Jun 27 Pakistan Refinery Limited(PRL)	11,634,090 ▼ 0.00
TPL Properties / Jun 27 TPL Properties Limited(TPLP)	11,504,099 ▼ 0.00
Cnergyico PK / Jun 27 Cnergyico PK Limited(CNERGY)	11,010,799 ▼ 0.00
WorldCall Telecom / Jun 27 Worldcall Telecom Limited(WTL)	8,949,000 ▼ 0.00
Maple Leaf / Jun 27 Maple Leaf Cement Factory Limited(MLCF)	7,027,769 ▼ 0.00
Telecard Limited / Jun 27 Telecard Limited(TELE)	6,298,000 ▼ 0.00
Oilboy Engergy (R) / Jun 27 Oilboy Engergy Limited (R)(OBOYR1)	6,064,000 ▼ 0.00
Unity Foods Ltd / Jun 27 Unity Foods Limited(UNITY)	5,746,295 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 24	207.70
USD PKR Interbank Buying / Jun 24	207.50
USD to Japanese Yen / Jun 24	135.23
USD to Swiss Franc / Jun 24	0.96
Pound Sterling to USD / Jun 24	1.23
Euro to USD / Jun 24	1.06
UK LIBOR % / Jun 24	1.57

Stock	Volume
S&P 500 / Jun 24	3911.74
India Sensex / Jun 24	52727.98
Tokyo Nikkei / Jun 24	26491.97
Nasdaq / Jun 24	11607.62
Hang Seng / Jun 24	21719.06
FTSE 100 / Jun 24	7208.81
Dow Jones / Jun 24	31500.68
Germany DAX 30 / Jun 24	13118.13
France CAC40 / Jun 24	6073.35

Item	Value
Crude Oil USD/Barrel / Jun 24	107.62
Karachi Cotton PKR/37.32 KG / Jun 24	21180.00
Gold 10 Grams PKR / Jun 24	122300.00
Gold Spot USD/Ounce / Jun 24	1826.88
Cotton US¢/pound / Jun 24	98.05

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