Trends - OMCs - Business Recorder

OMCs

Aramco, GO Petroleum get CCP’s nod for product supply agreement

The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product...

Published 21 May, 2024 06:03pm

Business & Finance

Aurangzeb urged to address issues of OMCs

LAHORE: Chairman Oil Marketing Association of Pakistan Tariq Wazir Ali on Tuesday appealed to the Minister of ...

Updated 15 May, 2024 06:09am

BR Research

OMC sales lackluster

All the hype around the rebound in petroleum consumption and oil sales has died down as April 2024 recorded the...

Published 08 May, 2024 06:35am

Markets

April sales 6-month low: OMCs

ISLAMABAD: Oil marketing companies (OMCs) in April 2024 posted monthly sales of 1.1mn tons which is six months low...

Published 03 May, 2024 06:29am

Markets

OMAP urges govt to remove 20-day stock cover requirement

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover...

Updated 02 May, 2024 05:21am

Business & Finance

OMCs raise price of HOBC by Rs10 per litre from April 1

ISLAMABAD: The Oil Marketing Companies (OMCs) have raised the price of Hi-Octane Blending Component (HOBC) by Rs10...

Updated 06 Apr, 2024 08:47am

Editorials

Oil smuggling

EDITORIAL: It’s shocking that at least 4,000 MT of smuggled oil still finds its way into Pakistan every day,...

Published 30 Mar, 2024 04:58am

BR Research

Smuggling back in surge

Petrol smuggling is back. Earlier this week, the Chairman Oil Companies Advisory Council (OCAC) wrote a hard-hitting...

Published 27 Mar, 2024 07:04am

Markets

OMCs grappling with financial instability

LAHORE: Chairman of the Oil Marketing Association of Pakistan (OMAP), Tariq Wazir Ali, has voiced concerns over the...

Published 26 Mar, 2024 04:20am

Business & Finance

OCAC urges govt to dismantle smuggling network

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged the government to extend support to aggressively...

Updated 26 Mar, 2024 09:44am

Markets

Turnaround: after loss-making 2022, Shell Pakistan posts Rs6.2bn profit in 2023

Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, registered profit-after-tax of Rs6.21...

Updated 06 Mar, 2024 04:54pm

BR Research

Oil sales – weak and down

The oil sales by the oil marketing companies during February 2024 plummeted by 8 percent year-on-year. The decline...

Published 06 Mar, 2024 06:49am

Markets

Global lubricant giant Gulf Oil enters Pakistan

In a key development for the country’s oil sector, global lubricants giant Gulf Oil announced that it has entered...

Published 24 Feb, 2024 09:34pm

BR Research

PSO in 1HFY24

Pakistan State Oil Company Limited (PSX: PSO) announced its financial performance for 1HFY24 yesterday where it...

Published 16 Feb, 2024 08:54am

Markets

PSO suffers hefty loss of Rs10.4bn in 2QFY24

Pakistan State Oil Company Limited (PSO) posted consolidated losses to the tune of Rs10.43 billion in the second...

Updated 15 Feb, 2024 09:36pm

BR Research

Attock Petroleum robust!

Attock Petroleum Limited (PSX: APL) recently announced financial performance for its latest quarter with a whopping...

Published 09 Feb, 2024 08:26am

PL on HOBC fuel kept unchanged

ISLAMABAD: The Oil Marketing Companies (OMCs) have sustained the price of Hi-Octane blending component (HOBC) fuel...

Updated 03 Feb, 2024 03:02pm

Business & Finance

Petrol price cut by Rs8/litre

ISLAMABAD: The interim government on Monday slashed the ex-depot price of petrol by Rs 8 per litre in a fortnightly...

Published 16 Jan, 2024 05:44am

BR Research

1HFY24 – Fall in oil sales

The oil sales by the oil marketing sector during the first half of FY24 (1HFY24) witnessed a decline of around 15...

Published 05 Jan, 2024 08:35am

First half of Jan’24: Petroleum products’ prices may be sustained

Decision may be taken in line with marginal increase in prices of Brent globally

Updated 29 Dec, 2023 02:24pm

Business & Finance

Govt slashes petrol price by Rs14, HSD’s by Rs13.50

ISLAMABAD: The caretaker government on Friday announced reduction in ex-depot prices of major petroleum products,...

Published 16 Dec, 2023 05:49am

Petrol, HSD prices may decline significantly

ISLAMABAD: In case the interim government disallows exchange rate adjustment to Pakistan State Oil (PSO), there are...

Updated 15 Dec, 2023 10:41am

Business & Finance

‘ARL does not exclusively supply petroleum products to APL’

ISLAMABAD: Attock Refinery Limited (ARL) does not exclusively supply petroleum products to Attock Petroleum Limited...

Published 15 Dec, 2023 03:12am

Pakistan

ARL rejects news item on APL’s non-uplifting

ISLAMABAD: The Attock Refinery Limited (ARL) stated on Wednesday that for the last five months starting July 2023 ...

Published 14 Dec, 2023 05:24am

Markets

Profit-taking drags KSE-100 Index 1.73% lower

Experts say correction much-needed after record-breaking rally at bourse

Updated 13 Dec, 2023 06:31pm

Markets

Minister accuses APL of not lifting petrol, HSD stock

ISLAMABAD: Caretaker Minister for Energy, Muhammad Ali, on Tuesday accused Attock Petroleum Limited (APL) – a...

Published 13 Dec, 2023 05:33am

Opinion

Navigating petroleum pricing: Need to introduce deregulation

Introduction: The intricacies of Pakistan’s oil pricing system, tethered to the fortnightly determination of prices,...

Updated 30 Nov, 2023 05:20am

OMAP urges ministry, Ogra to reconsider proposed weekly adjustments

LAHORE: Chairman Oil Marketing Association of Pakistan (OMAP) Tariq Wazir Ali on Sunday appealed to the Ministry of...

Updated 27 Nov, 2023 08:38am

BR Research

Petroleum sales and some recovery?

Monthly petroleum sales in the country have been weakening due economic slowdown, rising inflation, and depreciating...

Published 03 Nov, 2023 08:42am

Business & Finance

Earnings up 52pc YoY, dividend 13pc: Corporate sector posts record profitability in Q1

KARACHI: The listed corporate sector companies performed exceptionally well, as the KSE-100 index companies recorded...

Published 02 Nov, 2023 03:15am

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
Petrol/Litre / May 23	273.10
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
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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