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Oil slips for third day on prospect of US rates staying high

NEW YORK: Oil prices fell nearly 1% on Wednesday, retreating for a third straight day on expectations that US...

Published 23 May, 2024 05:16am

Markets

Oil slips for third day on likely ‘higher for longer’ US rates

LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve...

Updated 22 May, 2024 05:37pm

Markets

Oil down by 1pc on US inflation

HOUSTON: Oil prices declined by more than 1% on Tuesday with lingering US inflation poised to keep interest rates...

Published 22 May, 2024 05:54am

Markets

IEA trims 2024 oil demand growth forecast, widens gap with OPEC

LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening...

Published 15 May, 2024 08:57pm

Markets

Oil down on inflation, supply risks in Mideast

HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ...

Published 15 May, 2024 05:47am

Markets

Govt pins increase in prices of petroleum products to global hike in rates

The Ministry of Finance has attributed its latest decision of increasing prices of petroleum products to a hike in...

Published 16 Apr, 2024 08:26pm

Markets

Iran attack on Israel spurs banks to hike oil price forecasts

LONDON: Iran’s weekend attack on Israel has increased geopolitical risks in the oil market for the near term,...

Published 16 Apr, 2024 03:38am

Markets

Oil steadies on US crude inventories data

NEW YORK: Oil prices were broadly level on Wednesday, after official numbers were released for US crude stockpile ...

Published 28 Mar, 2024 06:30am

Markets

Rupee records marginal gain against US dollar

Currency settles at 278.14 against the US dollar in inter-bank market

Updated 22 Mar, 2024 08:51pm

Markets

Oil falls on weaker US gasoline demand, Gaza ceasefire hopes

NEW YORK: Oil prices fell on Thursday, pressured by weaker US gasoline demand data and reports of a United Nations...

Published 22 Mar, 2024 04:57am

Markets

Oil broadly steady after surprise US crude stock drop

LONDON: Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S....

Updated 21 Mar, 2024 07:25pm

Markets

Oil slips from highs ahead of Fed decision

NEW YORK: Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced...

Published 21 Mar, 2024 05:22am

Markets

Oil prices slips amid concerns over Middle East, China demand

LONDON: Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in...

Updated 11 Mar, 2024 06:03pm

Markets

Oil dips, posts weekly loss as markets weigh Chinese demand

HOUSTON: Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft...

Published 10 Mar, 2024 03:03am

Markets

Oil up as OPEC+ cuts override China, US demand concerns

LONDON: Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid...

Updated 06 Mar, 2024 03:08pm

Markets

Oil declines on concerns

NEW YORK: Oil prices fell for a second straight session on Tuesday as skepticism around China’s economic growth...

Published 06 Mar, 2024 04:18am

Markets

Oil climbs ahead of OPEC+ decision

NEW YORK: Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply...

Published 03 Mar, 2024 02:55am

Markets

Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac

LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by...

Published 29 Feb, 2024 08:56pm

Markets

Rupee remains stable against US dollar

Currency settles at 279.11 against the US dollar

Updated 29 Feb, 2024 05:52pm

Markets

Oil prices steady as US data keeps June rate cuts on the table

LONDON: Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June...

Updated 29 Feb, 2024 07:32pm

Markets

Oil gains on potential OPEC+ cuts

HOUSTON: Oil prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a ...

Published 29 Feb, 2024 04:41am

Markets

Oil set for weekly decline with Fed in no rush to cut interest rates

LONDON: Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that...

Updated 23 Feb, 2024 06:26pm

Markets

Oil rises on shipping tensions

HOUSTON: Oil futures rose on Thursday as attacks continued on shipping in the Red Sea near Yemen but a large build ...

Published 23 Feb, 2024 06:36am

Markets

Oil rises on weaker dollar

NEW YORK: Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International...

Published 16 Feb, 2024 06:02am

Russia eyes additional oil export cuts of about 50,000bpd in Dec

MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or...

Updated 18 Dec, 2023 08:35am

Markets

Oil drops on demand worries

HOUSTON: Oil prices fell by 4% on Wednesday, and touched their lowest levels since June, as a larger-than-expected...

Published 07 Dec, 2023 04:35am

Markets

Oil prices slip on concerns

HOUSTON: Oil prices dipped about 1% on Thursday, extending losses on expectations that after OPEC+ might not deepen...

Published 24 Nov, 2023 05:29am

Markets

Oil prices dive

HOUSTON: Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors...

Published 17 Nov, 2023 06:06am

Markets

Oil tumbles on big US crude stocks build, record

HOUSTON: Oil prices fell on Wednesday on a bigger-than-expected rise in US crude inventories and record production ...

Published 16 Nov, 2023 05:39am

Markets

Oil falls on easing ME fears

HOUSTON: Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same ...

Updated 27 Oct, 2023 06:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold 10 Grams PKR / May 23	207476
Gold Spot USD/Ounce / May 23	2362.37
Cotton US¢/pound / May 23	79
Petrol/Litre / May 24	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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