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oil market

Oil edges lower on IEA surplus forecast

NEW YORK: Oil prices were down more than 1% on Thursday as a forecast for ample supply in the oil market offset...

Updated 12 Dec, 2024 10:06pm

Markets

Oil rises 1% as EU agrees further sanctions threatening Russian oil flows

Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Updated 11 Dec, 2024 09:50pm

Markets

Oil prices on track for weekly loss as Chinese demand wanes

For the week, Brent set to fall 2.9% while WTI set to decline 3.6%

Updated 15 Nov, 2024 10:54pm

BR Research

Strong dollar weakens oil

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

Published 15 Nov, 2024 08:26am

BR Research

Oil bears are back with a bang

As crude oil prices hover around the $68 mark (lowest in over a year), the oil market stands poised for a pivotal...

Published 11 Sep, 2024 09:12am

Markets

Oil prices fall on demand concerns, Brent below $70, near 3-year low

Brent crude futures down $2.33, or 3.24%, at $69.51 a barrel

Updated 10 Sep, 2024 09:16pm

Markets

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is...

Published 09 Sep, 2024 04:46pm

Markets

Oil gains as Libyan supply woes counter modest US stock draw

Oil prices edged higher on Thursday, after two losing sessions, as concerns over Libyan supplies helped offset a...

Updated 29 Aug, 2024 09:16pm

Markets

OPEC cuts 2024 oil demand growth forecast, citing China

LONDON: OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for...

Published 12 Aug, 2024 04:55pm

BR Research

Oil market: Mid 80s is the new normal

The see-saw in the oil market continues as peak summer season approaches in large demand centers. From the pessimism...

Published 28 Jun, 2024 07:31am

Markets

Oil prices higher

NEW YORK: Oil prices settled higher on Friday as geopolitical tensions in the Middle East more than offset a ...

Published 18 Feb, 2024 03:01am

Markets

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Markets

Saudi minister says energy transition behind Aramco capacity halt

DHAHRAN, SAUDI ARABIA: Saudi Arabia decided to halt its oil capacity expansion plans because of the energy...

Published 12 Feb, 2024 04:02pm

BR Research

Oil prices – bracing for a rally?

The global oil market has seen falling oil prices in recent times – from the high of $90 a barrel in Sept-23 to a...

Published 16 Jan, 2024 08:54am

Markets

Oil falls over 3% as Saudi price cuts add to demand concerns

NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in...

Updated 08 Jan, 2024 09:42pm

Markets

Iran says oil exports at $26.4bn in past nine months

DUBAI: Iran’s oil exports have reached $26.46 billion since March, Iranian state media reported on Tuesday, the...

Published 26 Dec, 2023 06:43pm

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Published 14 Nov, 2023 05:08am

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as...

Published 13 Nov, 2023 05:43pm

World

Russia, Saudi Arabia discuss oil market, prices

MOSCOW: Saudi Arabia and Russia, the world’s top two oil exporters, on Wednesday discussed the situation on the ...

Published 12 Oct, 2023 05:57am

Markets

Oil prices fall again; demand worries outweigh tight supply

HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil...

Updated 05 Oct, 2023 08:45pm

Markets

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel

Updated 04 Oct, 2023 08:12pm

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Markets

WTI price surge shuts arbitrage oil flows from US to Europe, Asia

SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off...

Published 19 Sep, 2023 04:29pm

Markets

Will oil hit $100? It already did in some markets

Oil has risen to its highest level of 2023 as investors are focused on the prospect of a supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts

Published 18 Sep, 2023 07:05pm

Markets

Saudi, Russian oil cuts to cause big supply shortfall: IEA

PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of...

Published 14 Sep, 2023 06:07am

IEA flags OPEC+ supply cuts

International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter

Updated 12 Aug, 2023 09:53am

India raises concerns over oil market volatility with producer countries

NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and...

Updated 11 Aug, 2023 08:43am

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Updated 11 Aug, 2023 08:42am

Markets

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Published 10 Aug, 2023 07:22pm

Markets

OPEC flags healthy oil market fundamentals in second half

LONDON: Prospects for the global oil market look healthy for the second half of the year, OPEC said on Thursday as...

Published 10 Aug, 2023 06:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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