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UK oil firm Petrofac fined for corruption

LONDON: British oil company Petrofac pleaded guilty on Monday to seven counts of failing to prevent bribery between...

Published 05 Oct, 2021 04:34am

Markets

Brent oil may end weak bounce around $69.95

A break above $69.95 could lead to a gain to $71.18. On the daily chart, oil has pierced below a support at $68.43

Published 10 Aug, 2021 11:20am

Markets

Oil climbs to highest in over two years as US supplies tighten

• US crude tops $74 for first time since October 2018 • OPEC+ meeting on July 1 set to discuss further easing ...

Published 24 Jun, 2021 03:36am

Business & Finance

Ecuador state oil firm resumes operation of SOTE pipeline

The Trans-Ecuadorian Pipeline System (SOTE), with a transportation capacity of 360,000 barrels per day, halted operations on Thursday to install a fifth bypass.
"The pumping operations of the Trans-Ecuadorian Pipeline System (SOTE) were restarted, after work on the fifth bypass of the main pipeline was completed," Petroecuador said in a statement.

Published 02 Apr, 2021 09:42pm

Markets

Brent oil may hover below $64.51

A five-wave cycle from $71.38 ended at $60.27 on Tuesday. Over the next few days, this cycle will be partially or totally reversed.

Published 25 Mar, 2021 11:38am

Markets

Brent oil may retest support at $67.33

This consolidation could be classified as a pullback towards a pivotal level of $66.29, the 100% projection level of an upward wave C from $35.74.

Published 17 Mar, 2021 11:44am

Markets

Oil falls amid stockpiling concern; European vaccine woe threatens demand

Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.

Published 16 Mar, 2021 12:34pm

Markets

US oil may retreat to $54.60 before rising

The resistance is identified as the 161.8% projection level of an upward wave C from $51.64. It triggered a wave 4, the fourth wave of the wave C.

Published 03 Feb, 2021 10:53am

Markets

Oil prices extend rally as producers restrain output

OPEC output increase smaller than expected – poll.
UBS sees Brent at $63 mid-year, Goldman at $65.
BP cites declining product demand, retail sales.
US blizzard offers hope for product demand.

Updated 02 Feb, 2021 08:13pm

Business & Finance

Lundin Energy raises oil output forecast, Q4 beats expectation

Its earnings before interest and taxes (EBIT) rose to $488.1 million from $382.5 million for the same period a year ago, beating the $428.2 million seen in a Refinitiv poll.

Published 28 Jan, 2021 07:32pm

Markets

Biden to take steps toward oil-drilling ban on federal land: New York Times

Biden will also create new commissions and positions within the government focused on environmental justice and environmentally friendly job creation, including one to help displaced coal communities, the newspaper said.

Published 26 Jan, 2021 12:35pm

Markets

Kazakhstan's daily oil output down by 11pc on Jan. 11 amid power outages

Oil output at Kazakhstan's major Tengiz oilfield was down by 26% on Monday compared with Sunday's level at 437,792 barrels.
Chevron-led Tengizchevroil, the operator of the Tengiz field, said that it experienced "temporary outage at one of its units.

Published 12 Jan, 2021 05:40pm

Business & Finance

US court orders Petrobras to pay $70mn to IESA in procurement dispute

The court ruled that around $37 million plus interest must be paid by its wholly owned subsidiary Petrobras Netherlands BV (PNBV).
Petrobras had already provisioned for the PNBV-related settlement in its third quarter 2020 financial results.

Published 04 Jan, 2021 07:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10
Karachi Cotton PKR/37.32 KG / Dec 26	17,785

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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