Skip to main content

SITC Sitara Chemical Industries Limited|  Transmitted  Quarterly Report for the Period Ended 31 December 2021. Download here.

OGDCOil & Gas Development Company Limited | Transmitted to PSX its Half Yearly Report for the period Ended December 31, 2021. Download here. See Interesting note on circular debt (Note 14.1)

As per the Report OGDCL's exploration acreage stood at 91,795 sq. km representing 41% of Country's total area under exploration.

Average daily net saleable crude oil, gas and LPG production including share in both operated and non-operated JV fields in 1st Half of the Financial Year remained as follows: Oil 36,788 bpd, Gas 827 MMcf per day, LPG 827 Tons per day.

KAPCOKot Addu Power Company Limited | Transmitted to PSX its Quarterly Report for the Period Ended December 31, 2021. Download here.

Auditors Note: The Generation License of the Company expired on September 21, 2021. The Power Purchase Agreement is set to expire on October 24, 2022.

Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
 A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.