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Oil prices

Canadian dollar edges higher as oil prices rise

The Bank of Canada is seeing evidence of investor activity in some Canadian housing markets and is concerned that "fear of missing out" may also be driving price gains, Deputy Governor Toni Gravelle told Reuters on Tuesday.

Published 25 Mar, 2021 11:23am

Markets

Oil jumps 6pc after Suez Canal ship grounding

NEW YORK: Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the...

Published 25 Mar, 2021 05:08am

Marine traffic halted as container ship stranded in Suez Canal

CAIRO: The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to...

Published 25 Mar, 2021 05:08am

Markets

Sagging oil price surges 6pc as grounded ship blocks Suez Canal

The gains appeared to stabilize the market that had slumped from early this month, when prices hit their highest levels this year on expectations for demand recovery.

Updated 25 Mar, 2021 12:06am

Markets

As Europe tightens lockdowns, OPEC+ to keep oil taps tight

European nations under lockdowns.
UAE says OPEC won't pump more than market can handle.
Rising Iranian oil exports in focus.

Published 24 Mar, 2021 09:35pm

World

US oil activity jumps as executives remain wary of OPEC, Biden: survey

"While the price increases have been welcome news, OPEC+ is a sword of Damocles: if US operators raise capital expenditures, OPEC+ will open its taps and flood the market," one executive said. "There is a tense detente currently."
"I believe that it is their goal to effectively shut down our industry, and they will pursue that end with great energy," one executive said.

Published 24 Mar, 2021 09:22pm

Markets

Oil plunges over 6pc on concerns over Europe curbs, rollouts

NEW YORK: Oil prices fell more than 6 percent on Tuesday, tumbling as concerns over new pandemic curbs and slow...

Published 24 Mar, 2021 05:10am

Markets

Oil plunges more than 6pc on concerns over Europe curbs, rollouts

Nearly a third of France entered a month-long lockdown on Saturday following a jump in cases in Paris and parts of northern France.

Updated 24 Mar, 2021 12:39am

Markets

Oil prices slump on renewed lockdowns

European stock markets were mixed and US stock indices drifted lower after sharp losses in Asia.

Published 23 Mar, 2021 09:38pm

Markets

Global equities, oil prices slide on concerns over Europe COVID case counts

US crude fell 4.04% to $59.07 per barrel and Brent was at $61.77, down 4.41% on the day.

Published 23 Mar, 2021 08:02pm

Markets

Rouble weakens past 90 vs euro as sanction threat dominates

As of 0947 GMT, the rouble was 1.5% weaker against the dollar at 76.06, a level last seen on Feb. 3.

Published 23 Mar, 2021 07:57pm

Business & Finance

Oil drops on concerns European COVID-19 issues to crimp demand

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94, erasing a 9 cent gain in the previous session.

Published 23 Mar, 2021 10:21am

Markets

Oil steadies on demand recovery expectation despite European lockdowns

A third of French people enter new lockdown.
Demand slow, but Aramco CEO predicts recovery.
US rig count rises to highest since April.

Published 22 Mar, 2021 08:37pm

World

Rising oil boosts Nigeria's 2021 budget but creates fuel price headache

Oil prices, which are averaging around $10 per barrel above the level projected for the 2021 budget, are good for the nation's revenues, she told journalists, but are complicating plans to end costly fuel subsidies.
"We made recommendation to deregulate the pricing of (gasoline). But we have a stalemate with labour," she said, calling the oil price rise a "double edged sword".

Published 22 Mar, 2021 08:11pm

Markets

Oil steadies on demand recovery hopes despite European lockdowns

A third of French people enter new lockdown.
Demand slow, but Aramco CEO predicts recovery.
US rig count rises to highest since April.

Updated 22 Mar, 2021 06:29pm

Markets

Oil falls as European lockdowns douse recovery hopes

US drillers are starting to take advantage of an earlier spike in prices on optimism about returning demand, adding the most rigs for extracting oil since January in the week through Friday.

Published 22 Mar, 2021 11:43am

Markets

Prices of essential kitchen items witness increase

ISLAMABAD: Sugar, ghee/cooking oil prices along with various vegetables and fruit have witnessed an increase during...

Published 21 Mar, 2021 04:05am

Markets

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel.
Oil closed about 7% down on Thursday as several large European economies reimposed lockdowns and vaccination programmes were slowed by distribution issues and concerns over potential side effects.

Published 19 Mar, 2021 09:05pm

Markets

Jittery oil prices limit rouble gains after surprise rate rise

The rouble has suffered this week since US President Joe Biden said his Russian counterpart Vladimir Putin would "pay a price" for alleged meddling in the 2020 US election.
A surprise 25 basis point rate rise by the central bank and the promise of more to come briefly boosted the rouble before oil prices turned negative, adding to pressure on Russian assets.

Published 19 Mar, 2021 08:48pm

Markets

Oil prices steady after sell-off driven by demand fears

Brent crude was up 2 cents at $63.30 a barrel.
WTI US crude rose 15 cents, or 0.3%, to $60.15. Both traded within a wide range of more than $2 a barrel on Friday.

Published 19 Mar, 2021 06:22pm

Markets

Goldman sees oil price pullback as buying opportunity

"We estimate that the oil market has remained in a large 2.5 million bpd deficit since February despite our estimate that Iran exports have increased by 0.7 million bpd year-to-date," Goldman said in a note dated March 18.

Published 19 Mar, 2021 11:35am

Markets

Oil extend losses amid gloomy demand outlook

In other parts of the world, Brazil registered its second deadliest day in its COVID-19 pandemic, with 2,724 deaths, while India on Friday reported its highest daily increase of new COVID-19 cases in more than three months.

Published 19 Mar, 2021 11:15am

Markets

Oil drops by the most since 2020

NEW YORK: Oil prices fell for a fifth day in a row on Thursday and by the most since 2020 on growing worries about...

Published 19 Mar, 2021 05:32am

Markets

Oil falls 4pc as dollar rises and vaccine rollout stalls

Benchmarks fall for fifth session to two-week lows.
US stockpiles may grow more after WTI flip into contango.
Stronger dollar adds further pressure to oil prices.

Published 18 Mar, 2021 09:07pm

Markets

Oil falls 2pc as inventories rise and vaccine rollout stalls

Brent crude fell $1.47, or 2.16%, to $66.53 a barrel.
US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session.

Published 18 Mar, 2021 07:33pm

Markets

Oil falls as inventories rise and vaccine rollout stalls

Brent crude fell 50 cents, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on Wednesday.
Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging.

Published 18 Mar, 2021 05:22pm

Markets

Oil slips further on Europe demand concerns

API report shows surprise drop in US crude inventories.
No policy shift expected by US Federal Reserve.
IEA says demand won't reach pre-pandemic level until 2023.

Published 17 Mar, 2021 08:31pm

Markets

Pump prices join oil's wild ride but risk slamming brakes on recovery

Oil prices have risen by more than 30% this year. Still, OPEC+, which groups oil producers from the Organization of the Petroleum Exporting Countries and others, is holding back on raising supply, wary about risks to economic recovery needed to support a rebound in fuel demand.
"It is ... extremely risky in its assumptions that high prices will not significantly affect economic recovery (and) oil demand recovery," the bank said.

Published 17 Mar, 2021 08:16pm

Markets

Oil climbs as surprise drop in US crude stocks outweighs European vaccine woes

The market has drifted lower over the past few days as more European countries pause inoculations of AstraZeneca's COVID-19 vaccines due to concerns over possible serious side effects, which could slow a recovery in fuel demand.

Published 17 Mar, 2021 01:15pm

BR Research

PL takes another hammering

The base price for petrol for the fortnight starting March 16, 2021, was Rs74 per liter. It was Rs10/ltr lower for...

Published 17 Mar, 2021 07:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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