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Energy

Iran pushes China to let it sell $1.7 billion worth of stranded oil, sources say

LONDON: Iran is pushing to recoup 25 million barrels of oil from China that has been stuck for six years in Chinese...

Published 08 Jan, 2025 02:33pm

Energy

Shell warns of weaker fourth quarter LNG, oil trading

LONDON: Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil...

Published 08 Jan, 2025 02:30pm

Energy

China may trim fuel oil imports amid 2025 tax hike, sources say

SINGAPORE: China’s fuel oil imports are expected to drop in early 2025 following a hike in the product’s import tax...

Published 08 Jan, 2025 02:20pm

Energy

Oil prices surge as OPEC supply drops, US crude stocks decline

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while US crude oil stocks fell last...

Updated 08 Jan, 2025 03:13pm

Energy

Minister highlights wind, solar energy projects

KARACHI: Sindh’s Minister for Energy, Nasir Hussain Shah has stated that providing affordable green energy in line...

Published 08 Jan, 2025 07:05am

Energy

Global crude exports dip as trade routes reshuffle again

HOUSTON: The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic,...

Published 07 Jan, 2025 01:28pm

Energy

Oil prices rise on demand, possible disruption

HOUSTON: Oil prices gained on Tuesday driven by concerns over tighter supply from Russia and Iran because of Western...

Published 08 Jan, 2025 06:26am

Energy

German greenhouse gas emissions fall 3% in 2024: study

BERLIN: German greenhouse gas emissions fell in 2024 but at a slower rate than previous years due to gaps in green...

Published 07 Jan, 2025 12:32pm

Energy

Exxon sues California AG, environmental groups over attacks on recycling efforts

Exxon Mobil, filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental...

Published 07 Jan, 2025 08:37am

Energy

Oil prices rise as concerns grow over supply disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to...

Updated 07 Jan, 2025 06:02pm

Energy

US natural gas prices jump 9pc as winter storms boost heating demand

NEW YORK: US natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of...

Published 07 Jan, 2025 05:55am

Energy

Oil prices edge up to 12-week high on US winter storm

NEW YORK: Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat US...

Published 07 Jan, 2025 05:55am

Energy

PPL’s subsidiary receives $6mn settlement from Iraq’s Midland Oil Company

PPL Asia E&P B.V. (PPL Asia), a subsidiary of Pakistan Petroleum Limited (PPL), has received a settlement amount...

Updated 06 Jan, 2025 09:31pm

Energy

Iran lowers January light crude price to Asia

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $1.35 a barrel above...

Published 06 Jan, 2025 11:01am

Energy

Oil resists dollar pressure to hold at three-month high

LONDON: Oil prices eased on Monday, pressured by a strong dollar, but remained at their highest since mid-October as...

Updated 06 Jan, 2025 03:50pm

Energy

LESCO collects Rs6m from 97 defaulters

LAHORE: Lahore Electric Supply Company (LESCO) has recovered Rs6.005 million from 97 defaulters in all the five...

Published 06 Jan, 2025 05:47am

Energy

Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows

Strong demand drove growth in Saudi Arabia’s non-oil business sector in December, albeit at a slightly slower pace...

Published 05 Jan, 2025 10:21am

Energy

Oil heads for weekly gains on colder weather, Chinese policy support

HOUSTON: Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the US as well...

Published 05 Jan, 2025 02:45am

Energy

Global LNG: Asian spot prices gain on Europe gas outlook uncertainty

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose this week to a one-month peak, as the expiry of a...

Published 03 Jan, 2025 05:00pm

Energy

Oil set for weekly gains as market eyes Chinese policy support

LONDON: Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in...

Updated 03 Jan, 2025 04:45pm

Energy

Punjab govt launches solarization plan

LAHORE: On the direction of CM Punjab Maryam Nawaz Sharif, “Chief Minister Punjab Solarization for Agricultural...

Published 03 Jan, 2025 05:54am

Energy

POL products: Dec sales up 3pc to 1.28m tons YoY

KARACHI: The sales of petroleum products in the country increased by 3.0 percent on year-on-year basis to 1.28...

Published 03 Jan, 2025 05:54am

Energy

Saudi Arabia may increase February oil prices for Asia

SINGAPORE: Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in February for the first time in...

Published 03 Jan, 2025 05:54am

Energy

US natural gas prices up on rising LNG feedgas

NEW YORK: US natural gas futures edged up about 1% on Thursday on near record flows to liquefied natural gas (LNG)...

Published 03 Jan, 2025 05:54am

Bullion Rate

Sale of petroleum products up 3% in December amid higher demand

The sale of total petroleum products in Pakistan clocked in at 1.28 million tons in December, an increase of 3% on a...

Published 02 Jan, 2025 04:10pm

Energy

Oil prices rise on China optimism as investors return after holiday

LONDON: Oil prices rose on Thursday as investors returned for the first trading day of the new year with an...

Updated 02 Jan, 2025 05:36pm

Energy

Norway, US, Qatar replace Russian gas: Russian gas era in Europe ends as Ukraine stops transit

MOSCOW/KYIV: Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s ...

Published 02 Jan, 2025 05:56am

Energy

Reforms in energy sector inevitable: Power consumers paying high tariffs as compared to regional countries

ISLAMABAD: Chairman Economic Policy and Business Development and former caretaker minister Gohar Ejaz has said that...

Updated 02 Jan, 2025 08:07am

Energy

KE removes 150 illegal connections weighing 1,280kg in Malir

KARACHI: K-Electric (KE) continues its crackdown against power theft and non-payment of bills. With the support of...

Updated 02 Jan, 2025 08:08am

Energy

Indonesia’s higher biodiesel mandate rollout may be gradual

JAKARTA: Indonesia’s plan to expand its biodiesel mandate from Jan. 1, which has fuelled concerns it could curb...

Published 02 Jan, 2025 05:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 8	278.78
USD PKR Interbank Buying / Jan 8	278.58
USD to Japanese Yen / Jan 8	158.14
USD to Swiss Franc / Jan 8	0.91
Pound Sterling to USD / Jan 8	1.25
Euro to USD / Jan 8	1.04

Stock	Volume
S&P 500 / Jan 7	5,909.03
Nasdaq / Jan 7	19,489.68
FTSE 100 / Jan 7	8,245.28
Dow Jones / Jan 7	42,528.36
Germany DAX 30 / Jan 7	20,340.57
France CAC40 / Jan 7	7,489.35
India Sensex / Jan 8	77,786.54
Tokyo Nikkei / Jan 8	40,008.25

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 7	18,285
Gold 10 Grams PKR / Jan 7	236,625
Petrol/Litre / Jan 8	252.66
Crude Oil USD/Barrel / Jan 8	74.85
Gold Spot USD/Ounce / Jan 8	2,650.51
Diesel/Litre / Jan 8	258.34

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Jan 8 PICIC Insurance Limited(PIL)	3.21 ▲ 0.32 (11.07%)
JS Bank Ltd / Jan 8 JS Bank Limited(JSBL)	10.41 ▲ 1.00 (10.63%)
Idrees Tex. / Jan 8 Idrees Textile Mills Limited(IDRT)	15.68 ▲ 1.43 (10.04%)
Sec. Inv. Bank / Jan 8 Security Investment Bank Limited(SIBL)	12.38 ▲ 1.13 (10.04%)
Ahmad Hassan / Jan 8 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Asia Ins. / Jan 8 Asia Insurance Company Limited(ASIC)	14.29 ▲ 1.30 (10.01%)
D.M. Textile / Jan 8 D.M. Textile Mills Limited(DMTX)	60.58 ▲ 5.51 (10.01%)
Dawood Lawrencepur / Jan 8 Dawood Lawrencepur Limited(DLL)	296.12 ▲ 26.92 (10.00%)
JDW Sugar / Jan 8 JDW Sugar Mills Limited(JDWS)	904.95 ▲ 82.27 (10.00%)

Stock	Price
JS Mom. Factor ETF / Jan 8 JS Momentum Factor ETF(JSMFETF)	15.15 ▼ -2.18 (-12.58%)
Parmount Sp. / Jan 8 Paramount Spinning Mills Limited(PASM)	4 ▼ -0.50 (-11.11%)
Ali Asghar / Jan 8 Ali Asghar Textile Mills Limited(AATM)	78.82 ▼ -8.76 (-10.00%)
Faisal Sp. / Jan 8 Faisal Spinning Mills Limited(FASM)	292.37 ▼ -32.48 (-10.00%)
Khairpur Sug. / Jan 8 Khairpur Sugar Mills Limited(KPUS)	133.71 ▼ -14.86 (-10.00%)
Liven Pharma / Jan 8 Liven Pharma Limited(LIVEN)	178.53 ▼ -19.84 (-10.00%)
Suhail Jute / Jan 8 Suhail Jute Mills Limited(SUHJ)	156.38 ▼ -17.38 (-10.00%)
Frontier Ceram / Jan 8 Frontier Ceramics Limited(FRCL)	24.23 ▼ -2.69 (-9.99%)
National Silk / Jan 8 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 8 Worldcall Telecom Limited(WTL)	520,088,624 ▲ 0.09
Cnergyico PK / Jan 8 Cnergyico PK Limited(CNERGY)	76,600,722 ▼ -0.30
K-Electric Ltd. / Jan 8 K-Electric Limited(KEL)	45,707,217 ▼ -0.21
Fauji Foods Ltd / Jan 8 Fauji Foods Limited(FFL)	36,987,542 ▼ -0.41
Sui South Gas / Jan 8 Sui Southern Gas Company Limited(SSGC)	33,354,890 ▲ 2.33
Pak Stock Exchange / Jan 8 Pakistan Stock Exchange Limited(PSX)	27,144,749 ▼ -2.85
Pak Refinery / Jan 8 Pakistan Refinery Limited(PRL)	24,452,864 ▼ -2.53
B.O.Punjab / Jan 8 The Bank of Punjab(BOP)	22,768,455 ▼ -0.23
Pak Elektron / Jan 8 Pak Elektron Limited(PAEL)	20,370,180 ▼ -0.42

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