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Oil

Brent oil neutral in $67.14-$68.76 range

As far as the longer-term outlook is concerned, oil looks neutral in a range of $66.29-$70.75, within which the consolidation has lasted for two weeks.

Published 19 May, 2021 12:06pm

Markets

World oil slides

NEW YORK: Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States...

Published 19 May, 2021 06:00am

Markets

Asia fuel oil

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) extended losses on Tuesday, hammered by plentiful ...

Published 19 May, 2021 06:00am

Markets

Oil rises as US, Europe reopen economies

"Some expectations that negotiations between Iran and the United States may lead to a resumption of Iranian oil exports is limiting the upside of oil prices," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

Published 18 May, 2021 11:07am

Markets

Oil climbs on economic recovery hopes despite fresh Asian restrictions

• US gasoline prices climb even as Colonial reopens after hack NEW YORK: Oil prices rose more than 1% on Monday,...

Published 18 May, 2021 05:05am

Markets

Oil eases as Asia's COVID-19 restrictions dampen sentiment

In the Middle East, Israel and Gaza's ruling Hamas militant group faced mounting international calls for a ceasefire in hostilities that entered their second week on Monday with no end in sight.

Published 17 May, 2021 03:28pm

Markets

Brent oil may revisit May 14 low of $66.50

On the daily chart, the rise during the previous trading session was due to a support at $66.29.

Published 17 May, 2021 11:50am

Oil demand drops as virus surges: IEA

PARIS: Oil demand dropped last month as the coronavirus surged in India and elsewhere, the IEA said Wednesday, in a...

Published 13 May, 2021 03:10am

Markets

Oil prices on track for eight-week high on demand hopes

NEW YORK: Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in ...

Published 13 May, 2021 03:10am

Markets

Chinese edible oils at multi-year highs

SHANGHAI: Chinese edible oil futures rallied to multi-year highs on Wednesday ahead of a US report on global...

Published 13 May, 2021 03:10am

Markets

US oil may retest support at $63.88

The current correction could complete around $61.79, as suggested by a possible triangle.

Published 12 May, 2021 12:30pm

Markets

Brent oil may retest support at $67.33

Wave pattern suggests a downside bias. The resistance at $70.75 triggered a decent correction on March 8. It may cause a shallower one this time.

Published 12 May, 2021 12:27pm

Markets

Asian markets suffer further as inflation data looms

Asian markets were broadly down for a second day. Tokyo extended Tuesday's more than three percent plunge, while Taipei's tech-rich bourse tumbled more than two percent.

Published 12 May, 2021 11:22am

Markets

Oil prices rise on nagging fears of fuel shortages

NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the...

Published 12 May, 2021 04:23am

Markets

Oil dips as pipeline outage fears ease, India weighs

Colonial aims to substantially restore operations by end-week.
COVID-19 outbreak hits India's fuel demand.
OPEC monthly report due 1120 GMT.

Published 11 May, 2021 04:27pm

Markets

Brent oil may test support at $67.33

On the daily chart, the gain on Monday proved to be a short-lived bluff by bulls. Market sentiment looks mixed, while oil is consolidating around $68.43.

Published 11 May, 2021 12:25pm

Markets

Oil rises after key US fuel pipeline plans restart

NEW YORK: Oil prices turned higher on Monday as a major US fuel pipeline said it could largely restart within the...

Published 11 May, 2021 04:39am

Sales tax on kerosene oil reduced

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced sales tax from 17 percent to 15.44 percent on Kerosene oil...

Published 11 May, 2021 04:39am

Markets

Oil gains after cyberattack forces shutdown of US fuel pipelines

Brent crude was up by 69 cents, or 1%, at $68.97 a barrel by 1137 GMT. US WTI crude rose by 61 cents, or 0.9%, to $65.51.

Published 10 May, 2021 04:43pm

Markets

US oil may rise to $66.52

On the daily chart, a resistance zone of $65.65-$66.60 triggered the second correction, which looks too shallow to complete.

Published 10 May, 2021 11:13am

Markets

Brent oil may retest resistance at $69.87

A break above $69.87 will not only open the way towards $71.38, but also confirm a wedge, which indicates a target around $80.

Published 10 May, 2021 11:09am

Award of 6 exploration blocks to state-run cos: B’stan PA notifies body to take up issue with Centre

ISLAMABAD: The Balochistan Assembly has notified a 10-member technical committee to take up the award of six...

Published 09 May, 2021 03:20am

Business & Finance

FPCCI VP condemns inclusion of edible oil in SRO by FBR

KARACHI: Nasir Khan, Vice President, The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...

Updated 09 May, 2021 10:30am

Markets

Palm set for biggest weekly gain in two decades on supply worries

Dalian's most-active soyoil contract rose 1.8%, while its palm oil contract gained 2.4%. Soyoil prices on the Chicago Board of Trade were up 1%.

Published 07 May, 2021 11:44am

Markets

Brent oil still targets $67.14

Three smaller waves make up the wave 2. Based on the strength of the wave b, the current wave c could be very short.

Published 07 May, 2021 11:36am

Markets

US oil target of $67.98 aborted

Unless oil could quickly reverse the fall on Wednesday and break $66.52, it will be more likely to drop towards $62.62-$63.88 range.

Published 06 May, 2021 12:00pm

Markets

Asia’s VLSFO falls to multi-month lows

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) extended losses on Wednesday as ample supplies and...

Published 06 May, 2021 03:49am

Markets

Oil ends little changed, US oil inventories fall

• US crude stocks fall by more than expected: EIA • Easing restrictions in Britain, US boost demand hopes •...

Published 06 May, 2021 03:49am

Markets

Palm oil poised to break resistance at 4,098 ringgit

Even though the contract failed four times to overcome this barrier, the subsequent corrections became shallower.

Published 05 May, 2021 12:23pm

Markets

Brent oil may test resistance at $69.87

The waves on the trend from $35.74 have been relabelled.

Published 05 May, 2021 12:21pm

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	155.70
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 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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