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Oil dips on China plan to tap reserves, small US crude draw

NEW YORK: Oil prices eased on Thursday on China’s plan to release state oil reserves to reduce pressure on ...

Published 10 Sep, 2021 04:41am

Markets

Oil drags most Gulf bourses lower; Saudi extends gains

Saudi state media firms to start moving from Dubai to Riyadh
STC's tech unit aims to raise up to $960 million in IPO

Published 06 Sep, 2021 07:59pm

POL products’ prices reduced

ISLAMABAD: The government, on Tuesday, reduced petroleum products’ prices by up to Rs1.50 per litre with effect...

Published 01 Sep, 2021 04:26am

BR Research

MARI - higher hydrocarbon flows

The impact of COVID-19 and depressed oil prices was a challenge for the oil and gas exploration and production...

Published 31 Aug, 2021 07:40am

Markets

Oil up but off session highs after Ida weakens to tropical storm

NEW YORK: Oil edged higher on Monday, but remained below session highs as Hurricane Ida weakened to tropical storm...

Published 31 Aug, 2021 04:03am

Markets

Ida’s fury hits US oil production, gasoline supplies

HOUSTON: US Gulf Coast energy companies were beginning damage reviews at offshore production facilities and...

Published 31 Aug, 2021 04:03am

Markets

Oil jumps as storm approaches Gulf of Mexico production hub

Prices firm on powerful storm forecast in Gulf of Mexico
Investors eye Fed speech later today on tapering guidance
Brent, WTI on track for about 10% weekly gains

Updated 27 Aug, 2021 06:27pm

Markets

Oil down 1pc; pandemic surge, renewed Mexico supply end rally

NEW YORK: Oil fell about 1% on Thursday on renewed concerns over demand due to rising COVID-19 infections and as...

Published 27 Aug, 2021 04:52am

BR Research

Oil volatility returns

Nothing much had changed in the physical market for Brent oil to return losses for seven straight sessions earlier...

Published 26 Aug, 2021 07:35am

Markets

Oil steadies near $71 after two-day rally

Oil edges higher after sharp gains this week
Mexico to resume output at fire-hit platform by Aug. 30
API data shows smaller-than-expected fall in US stocks

Published 25 Aug, 2021 07:08pm

Markets

US oil may stabilise around $66.96 and rise

The current shallow correction is regarded as a pullback towards the former resistance at $66.96, now a support

Published 25 Aug, 2021 10:44am

Markets

U.S. natural gas futures rise to one-week high on hot forecasts

Traders also noted a near 6pc increase in oil futures helped push gas prices higher. Oil recovered from a seven-day losing streak due to a weaker dollar and strength in global equities markets.

Published 23 Aug, 2021 11:51pm

BR Research

APL – return to normal?

FY21 financial performance has mostly been about quarterly improvement with 4QFY21 for many companies being a shot ...

Published 16 Aug, 2021 07:35am

Markets

US oil may retest resistance at $69.30

8 The contract could be riding on a wave (d), the fourth wave of a presumed wedge developing from the July 6 high of $76.98. Three smaller waves make up this wave

Published 13 Aug, 2021 11:41am

BR Research

POL – 4Q a lift for FY21

FY21 has mostly been dull for the oil and gas exploration and production sector not only due to low production flows...

Published 13 Aug, 2021 07:35am

Markets

Brent oil may test resistance at $72.41

Support is at $71.18, a break below which could cause a fall to $69.95

Published 12 Aug, 2021 11:05am

Markets

Oil rebounds after White House says not calling for US output hike

NEW YORK: Oil gained Wednesday, changing course after the Biden administration said it would not call on US ...

Published 12 Aug, 2021 04:34am

Markets

US oil may seek support around $67.34

On the daily chart, a rising trendline points at a target of $66.44. The contract is expected to eventually fall to this level

Published 05 Aug, 2021 11:27am

Markets

Oil extends losses in volatile trade as Delta variant angst spreads

NEW YORK: Oil extended its losses on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus...

Published 04 Aug, 2021 04:14am

Markets

Oil up near $75; sharp US inventory drop counters virus worry

NEW YORK: Oil rose toward $75 a barrel on Wednesday after data showed US crude inventories fell more sharply than...

Published 29 Jul, 2021 04:48am

Markets

Oil edges higher as tight supply outweighs virus spread

Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel
With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices

Published 27 Jul, 2021 06:35pm

Markets

Brent oil may keep rising into $74.52 - $75.36 range

SINGAPORE: Brent oil may keep rising into a range of $74.52-$75.36 per barrel, as suggested by its wave pattern and...

Published 24 Jul, 2021 04:27am

Markets

Brent oil may fall towards $70.98

A rising channel suggests a lower target of $68.43, which will be available when oil breaks $70.75

Published 19 Jul, 2021 12:10pm

Markets

Oil edges up but on track for big weekly drop on supply concerns

NEW YORK: Oil edged up after turning positive in volatile trade on Friday following supportive US economic news, but...

Published 17 Jul, 2021 04:21am

Oil demand surges: IEA

PARIS: Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with...

Updated 14 Jul, 2021 08:04am

Markets

Oil prices fall again as OPEC+ uncertainty weighs

Saudis and UAE still at impasse over output issue
Russia mediating in bid to rescue OPEC+ deal
US 2021 oil output to fall less than expected

Updated 08 Jul, 2021 07:31pm

Markets

US oil benchmark hits 2014 peak after OPEC+ talks fail

The price of Europe's Brent North Sea oil advanced to a November 2018 peak at $77.84 before it declined to $76.

Published 06 Jul, 2021 06:58pm

BR Research

Inflation roundup

The headline average inflation stood at 8.9 percent in FY21 as compared to 10.7 percent in the previous year. This ...

Published 02 Jul, 2021 07:25am

Markets

Brent oil may rise into $75.55-$76 range

A further correction from the current level may be limited to $73.80.

Published 23 Jun, 2021 10:17am

Markets

Rising oil prices, economic recovery lift Gulf stocks

DUBAI: Major stock markets in the Gulf ended higher on Monday, as investors eye economic recovery and rising oil...

Published 15 Jun, 2021 03:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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