Trends - oil price - Business Recorder

oil price

OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say

VIENNA: OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting on Sunday despite a fall...

Published 02 Jun, 2023 05:13pm

Markets

Inter-bank market: rupee dips, settles at 285.68 against US dollar

Currency depreciates 0.11% against the US dollar in inter-bank market

Updated 02 Jun, 2023 04:28pm

Markets

Rupee strengthens further, settles at 285.15 against US dollar

Currency appreciates 0.21% in inter-bank market

Updated 26 May, 2023 10:02pm

Markets

Oil down $3 as Russia downplays additional OPEC+ cuts

NEW YORK: Oil prices fell more than $3 at one point on Thursday, after Russian Deputy Prime Minister Alexander Novak...

Published 26 May, 2023 06:48am

Markets

Rupee ends losing streak in inter-bank, but falls to 308-310 in open market

Currency registers a gain of Re0.02 in inter-bank market

Updated 24 May, 2023 07:33pm

Markets

Oil rises on debt ceiling, demand optimism

NEW YORK: Oil prices rose 2% on Wednesday as optimism on oil demand and US debt ceiling negotiations outweighed...

Published 18 May, 2023 06:10am

Markets

Inter-bank: rupee sustains losses, settles at 285.4 against US dollar

Currency depreciates 0.16% on Wednesday

Updated 17 May, 2023 05:18pm

Markets

Oil dips on weaker China, US economic data

NEW YORK: Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset ...

Published 17 May, 2023 06:22am

Markets

Oil rises near 2pc

BENGALURU: Oil prices rose about a dollar a barrel on Monday on the prospect of tightening supplies in Canada and...

Published 16 May, 2023 03:23am

Markets

Oil prices slip 1pc, US jobless data and debt-ceiling talks weigh

NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession...

Published 12 May, 2023 05:59am

Markets

Record low: rupee settles near 299 against US dollar

Currency depreciates nearly 3% in inter-bank market on Thursday

Updated 11 May, 2023 07:14pm

Markets

Oil up slightly after smaller ECB hike

NEW YORK: Oil prices rose on Thursday after the European Central Bank (ECB) decided to slow the pace of its interest...

Published 05 May, 2023 06:44am

Markets

Oil steady after smaller ECB hike, demand concerns linger

LONDON: Oil prices were stable after the European Central Bank (ECB) decided on Thursday to slow interest rate...

Updated 04 May, 2023 07:34pm

Markets

Oil lower ahead of expected Fed rate hikes

NEW YORK: Oil prices fell 4% on Wednesday, extending steep losses from the previous session, as investors fretted...

Published 04 May, 2023 04:26am

BR Research

APL in 9MFY23

After a good year (FY22), the oil marketing companies’ (OMCs) earnings were expected to come under pressure during...

Published 02 May, 2023 09:16am

Business & Finance

ExxonMobil, Chevron report higher profits despite oil price dip

NEW YORK: US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies...

Published 02 May, 2023 05:59am

Markets

Oil prices drop as US rate hike fears, weak China data offset supply cuts

TOKYO: Oil prices fell on Monday as jitters over the economic impact of the US Federal Reserve potentially raising...

Updated 01 May, 2023 12:18pm

Pakistan

Govt keeps price of petrol unchanged, reduces diesel's rate by Rs5

Slashes light diesel and kerosene oil prices by Rs10 per litre

Published 30 Apr, 2023 10:51pm

Markets

Rupee falters, settles at 283.92 against US dollar

Currency depreciates 0.19% in inter-bank market

Updated 27 Apr, 2023 05:46pm

Markets

Oil dips 2pc on strong dollar

HOUSTON: Oil dropped 2 percent on Tuesday after two sessions of gains as jitters about the global economic outlook...

Published 26 Apr, 2023 06:15am

Markets

Oil falls 2pc as dollar strengthens on Fed rate hike expectations

NEW YORK: Oil prices fell about 2% to a two-week low on Wednesday despite a sharp decline in US crude inventories, ...

Published 20 Apr, 2023 06:30am

Markets

Oil drops 2pc on higher dollar, rate concerns

NEW YORK: Oil prices turned lower on Monday as the US dollar strengthened and as investors mulled over a possible ...

Published 18 Apr, 2023 06:21am

Markets

Oil falls 1pc on recession fears

BENGALURU: Oil prices edged lower on Thursday, after scaling multi-month high levels in the previous session, ...

Published 14 Apr, 2023 05:59am

Markets

Oil rises 2pc on lower-than-expected US inflation data

HOUSTON: Oil prices rose 2 percent on Wednesday as cooling US inflation data spurred hopes that the Federal Reserve...

Published 13 Apr, 2023 06:37am

Markets

Oil rises over 1pc with US and China inflation in focus

NEW YORK: Oil prices rose more than 1 percent on Tuesday with support from a weaker dollar and hopes that the ...

Published 12 Apr, 2023 06:11am

Markets

Rupee plunges to new all-time low against US dollar

Currency closes at 288.43 in inter-bank market

Updated 11 Apr, 2023 07:24pm

Markets

Asia’s Hi-5 fuel oil spread crunches to 18-month low

SINGAPORE: Asia’s hi-5 fuel oil spread narrowed to 18-month lows on Wednesday as the very low sulphur oil (VLSFO)...

Published 06 Apr, 2023 06:20am

Markets

Rupee hits fresh all-time low, settles at 287.85 against US dollar

Currency loses Re0.56 against the US dollar in inter-bank market

Updated 05 Apr, 2023 06:32pm

Business & Finance

Oil sales decrease by 9pc in March

KARACHI: Pakistan oil sales decreased by 9.0 percent on month-on-month basis to 1.11 million tons in March 2023...

Published 04 Apr, 2023 03:24am

Markets

Rupee under pressure against US dollar, settles at 285.04

Currency depreciates 0.44% in the interbank market

Updated 03 Apr, 2023 06:01pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

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