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Sinopec

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

World

Sri Lanka signs historic $3.7bn deal with Sinopec

BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil...

Published 17 Jan, 2025 02:56am

World

Sinopec’s Zhenhai refinery says fire at its crude unit put out

SINGAPORE: China’s Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late...

Published 08 Jan, 2025 11:29am

Markets

Big Oil backtracks on renewables push as climate agenda falters

LONDON: Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing...

Published 27 Dec, 2024 12:18pm

Markets

China’s first batch of 2025 fuel export quota flat vs a year ago

SINGAPORE: China has issued 19 million metric tons of export quotas for gasoline, diesel and aviation fuel under the...

Published 26 Dec, 2024 10:40am

Markets

Oil prices steady as markets weigh Fed rate cut expectations, Chinese demand

HOUSTON: Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut...

Published 22 Dec, 2024 02:57am

Markets

Oil makes gains on falling US crude inventories

NEW YORK: Oil prices rose slightly on Thursday, supported by falling US crude inventories, though gains were limited...

Published 20 Dec, 2024 02:43am

Markets

Sinopec forecasts China’s petroleum consumption will peak by 2027

BEIJING: China’s petroleum consumption is expected to peak by 2027 at no more than 800 million metric tons, the...

Published 19 Dec, 2024 12:07pm

Markets

Oil slips after surprise build in U.S. gasoline stocks

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply...

Updated 27 Nov, 2024 09:07pm

Markets

Sinopec, Aramco start building petrochemical complex in China’s Fujian

SINGAPORE: Sinopec Corp said on Monday that the company and Saudi Aramco have started constructing a refinery and...

Published 18 Nov, 2024 11:32am

Markets

Oil prices broadly flat after falling on dollar surge

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Updated 14 Nov, 2024 07:47pm

Markets

Sinopec starts up ethylene complex in north China’s Tianjin

SINGAPORE: Sinopec said on Wednesday it has successfully started up a new ethylene complex in northern China, part...

Published 13 Nov, 2024 11:05am

Markets

Sinopec says it has secured 10% more gas for winter than a year earlier

SINGAPORE: China’s Sinopec Corp has secured natural gas supplies for the winter heating season at levels 9.7% higher...

Published 01 Nov, 2024 11:17am

Markets

Oil slips 1% on large build in US crude stocks; market watches Middle East

NEW YORK: Oil prices fell on Wednesday after data showed U.s. crude inventories rose by more than expected even as...

Updated 23 Oct, 2024 09:39pm

Markets

Sinopec says east China shale oil field pumping at 1,600 tons a day

SINGAPORE: Sinopec is advancing development of shale oil at its pilot project Jiyang in east China, pumping 1,600...

Published 16 Oct, 2024 12:19pm

Markets

Oil extends losses on weak China data and expected OPEC+ supply boost

Oil prices extended losses from the end of last week on expectations of higher OPEC+ production from October while...

Updated 02 Sep, 2024 06:24pm

Markets

China’s Sinopec posts 2.7% rise in first-half profit

BEIJING: China’s Sinopec posted a 2.7% rise in net profit for the first half of the year, it said on Sunday, as...

Updated 25 Aug, 2024 10:35pm

Markets

OPEC+ likely to stick to output policy at meeting, sources say

LONDON: OPEC+ key ministers meet on Thursday to decide output policy with sources expecting it is unlikely to make...

Published 01 Aug, 2024 01:06pm

Refinery project: Sinopec, Aramco not satisfied with PSO data

ISLAMABAD: M/s Sinopec, China’s Petroleum Refineries Company, and Saudi giant, M/s Aramco, are reportedly not...

Updated 27 Jul, 2024 09:02am

Markets

Sinopec unit agrees $1.1bn deal to build gas pipelines for Saudi Aramco

A Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas...

Published 06 Jun, 2024 03:14pm

Markets

Oil eases as US crude, fuel stock builds bolster demand jitters

HOUSTON: Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise...

Updated 05 Jun, 2024 08:55pm

PRL, ED Investment may establish a joint group

ISLAMABAD: Pakistan Refinery Limited (PRL) and Saudi Arabia’s ED Investment Group are likely to establish a joint...

Updated 05 Jun, 2024 09:33am

Sinopec not interested in refinery project

ISLAMABAD: The government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost a...

Updated 04 Jun, 2024 11:26am

Markets

Sinopec Fuel Oil appoints new trade director in Singapore to boost bunker sales

SINGAPORE: Sinopec Fuel Oil Singapore, a unit of Asia’s largest refiner state-run Sinopec , appointed on Monday oil...

Published 03 Jun, 2024 12:11pm

Markets

Oil rises on Russian refinery attacks, signs of strong demand

LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian...

Updated 13 Mar, 2024 05:32pm

Markets

Oil falls 1% on Fed rate cut caution and stocks build

LONDON: Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S....

Updated 28 Feb, 2024 06:05pm

Refinery, petrochemical complex: PSO taps China’s Sinopec for partnership with Aramco

As per pre-feasibility study, project will have processing capacity of more than 300,000 bpd, will produce range of high-value petroleum products

Updated 20 Feb, 2024 11:59am

Business & Finance

Sri Lanka approves Sinopec’s $4.5bn refinery proposal

COLOMBO: Sri Lanka on Monday approved a proposal by China’s Sinopec to build a $4.5 billion refinery, its energy...

Published 28 Nov, 2023 04:56am

World

Sri Lanka approves Sinopec’s $4.5bn refinery proposal

COLOMBO: Sri Lanka on Monday approved a proposal by China’s Sinopec to build a $4.5 billion refinery, its energy...

Published 27 Nov, 2023 05:49pm

Business & Finance

Sri Lanka to OK Sinopec’s $4.5bn refinery proposal tomorrow

COLOMBO: Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a...

Published 26 Nov, 2023 03:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Cotton US¢/pound / Jan 23	67.06
Petrol/Litre / Jan 24	256.13

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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