AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.35 Decreased By ▼ -1.87 (-1.43%)
BOP 6.96 Increased By ▲ 0.15 (2.2%)
CNERGY 4.61 Decreased By ▼ -0.10 (-2.12%)
DCL 8.40 Decreased By ▼ -0.04 (-0.47%)
DFML 40.88 Decreased By ▼ -0.59 (-1.42%)
DGKC 80.45 Decreased By ▼ -1.64 (-2%)
FCCL 32.40 Decreased By ▼ -0.70 (-2.11%)
FFBL 71.41 Decreased By ▼ -1.46 (-2%)
FFL 12.21 Decreased By ▼ -0.05 (-0.41%)
HUBC 108.90 Decreased By ▼ -1.84 (-1.66%)
HUMNL 13.90 Decreased By ▼ -0.61 (-4.2%)
KEL 4.99 Decreased By ▼ -0.20 (-3.85%)
KOSM 7.60 Decreased By ▼ -0.01 (-0.13%)
MLCF 38.00 Decreased By ▼ -0.90 (-2.31%)
NBP 68.20 Increased By ▲ 4.19 (6.55%)
OGDC 189.10 Decreased By ▼ -3.72 (-1.93%)
PAEL 25.07 Decreased By ▼ -0.61 (-2.38%)
PIBTL 7.37 Increased By ▲ 0.03 (0.41%)
PPL 149.05 Decreased By ▼ -5.02 (-3.26%)
PRL 25.20 Decreased By ▼ -0.63 (-2.44%)
PTC 17.23 Decreased By ▼ -0.58 (-3.26%)
SEARL 80.60 Decreased By ▼ -1.70 (-2.07%)
TELE 7.53 Decreased By ▼ -0.23 (-2.96%)
TOMCL 32.85 Decreased By ▼ -0.61 (-1.82%)
TPLP 8.29 Decreased By ▼ -0.20 (-2.36%)
TREET 16.83 Increased By ▲ 0.21 (1.26%)
TRG 57.15 Decreased By ▼ -0.25 (-0.44%)
UNITY 27.71 Increased By ▲ 0.20 (0.73%)
WTL 1.33 Decreased By ▼ -0.04 (-2.92%)
BR100 10,495 Decreased By -9.1 (-0.09%)
BR30 30,830 Decreased By -396.8 (-1.27%)
KSE100 97,875 Decreased By -204.9 (-0.21%)
KSE30 30,508 Decreased By -51.2 (-0.17%)

Soaring oil prices are expected to cast a shadow over Singapore stocks trading due to concerns they could slow down economic growth, dealers said. For the week ended October 19, the Straits Times Index (STI) fell 109.27 points, or 2.83 percent, to 3,747.98.
Average daily volume was 2.79 billion shares worth 2.88 billion Singapore dollars (1.97 billion US), compared with 3.22 billion shares valued at 2.64 billion dollars the previous week.
Crude oil futures were trading near historic peaks of 90 dollars a barrel on Friday as increased tensions between Turkey and Kurdish rebels in northern Iraq added to supply concerns. Several of Iraq's major oilfields are located in the north and an incursion by Turkish troops could disrupt supplies, analysts said.
"Any oil price hike will, of course, be a big burden to the broader economy," said Kang Moon-Sung, analyst at Korea Investment Securities. "The issue seems no longer to be whether oil will reach 100 dollars per barrel, but when," said Barclays Capital analyst Kevin Norrish.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.