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اردو

Apr 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets

Asia Fuel Oil-Arbitrage spread climbs to near 2-year high

Shoaib Ur Rehman | Reuters Published September 26, 2018

SINGAPORE: The second-month East-West (EW) arbitrage spread was trading at a near two-year high on Wednesday as expectations of tightening fuel oil supplies in Asia continued to feed bullish sentiment, but arbitrage opportunities from West of the Suez to Singapore were limited by strong backwardation in the fuel oil market, trade sources said.

The 380-cst fuel oil November arbitrage spread was at $23.75 a tonne, up from about $23 a tonne in the previous session and its highest since December 2016.

Meanwhile, fuel oil inventories in the Fujairah oil hub sank to a near seven-month low this week, official data showed on Wednesday.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Cotton US¢/pound / Apr 15	65.75
Petrol/Litre / Apr 16	254.63
Diesel/Litre / Apr 16	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.73 ▲ 0.58 (26.98%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.72 ▲ 0.55 (17.35%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
First Elite Cap.Mod / Apr 15 First Elite Capital Modaraba(FECM)	17.70 ▲ 1.61 (10.01%)
Chakwal Spinning / Apr 15 Chakwal Spinning Mills Limited(CWSM)	47.87 ▲ 4.35 (10%)
Gillette Pak / Apr 15 Gillette Pakistan Limited(GLPL)	153.62 ▲ 13.97 (10%)
Nimir Resins / Apr 15 Nimir Resins Limited(NRSL)	35.08 ▲ 3.19 (10%)

Stock	Price
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
Pak Gen.Ins. / Apr 15 The Pakistan General Insurance Co. Ltd.(PKGI)	8.32 ▼ -0.77 (-8.47%)
Zahid Jee Textile / Apr 15 Zahidjee Textile Mills Limited(ZAHID)	25.58 ▼ -2.35 (-8.41%)
Imperial Limited / Apr 15 Imperial Limited(IML)	13.50 ▼ -1.22 (-8.29%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5.05 ▼ -0.45 (-8.18%)
Pak Gulf Leasing / Apr 15 Pak-Gulf Leasing Company Limited(PGLC)	18.09 ▼ -1.41 (-7.23%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.19 ▼ -3.66 (-7.06%)
Parmount Sp. / Apr 15 Paramount Spinning Mills Limited(PASM)	3.80 ▼ -0.28 (-6.86%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,175.87 ▼ -85.61 (-6.79%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.26 ▼ -0.51 (-6.56%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	32,091,019 ▼ -0.11
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,511,574 ▲ 4.01
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	20,785,866 ▼ -0.19
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,449,173 ▲ 0.27
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	15,773,976 ▼ -0.37
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,546,598 ▲ 0.42
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,491,518 ▲ 0.65
Secure Logistics / Apr 15 Secure Logistics Group Limited(SLGL)	13,589,909 ▲ 0.93
Pak Refinery / Apr 15 Pakistan Refinery Limited(PRL)	13,303,100 ▲ 0.14
At-Tahur Ltd. / Apr 15 At-Tahur Limited(PREMA)	11,659,459 ▲ 3.03