logo
Attock Refinery says throughput reduced during Eid

Attock Refinery says throughput reduced during Eid

Attock Refinery Limited (ARL), a key player in Pakistan's downstream petroleum sector, said that throughput had been reduced amid low crude oil availability.
The listed refinery shared the development on Wednesday in a notice to the Pakistan Stock Exchange (PSX).
'We wish to inform you that we have been experiencing a decline in crude oil receipts for some time,' the company said.
This situation worsened during Eid holidays, leading to low crude stock levels at the refinery, added ARL.
The company said it expected the situation to improve within one week.
Attock Refinery was incorporated in Pakistan on November 8, 1978, as a private limited company and was converted into a public company on June 26, 1979. It is principally engaged in the refining of crude oil.
The company is a subsidiary of the Attock Oil Company Limited, England, and its ultimate parent is Coral Holding Limited (a private limited company incorporated in Malta).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bulls return to bourse, KSE-100 settle at new record high
Bulls return to bourse, KSE-100 settle at new record high

Business Recorder

time2 hours ago

  • Business Recorder

Bulls return to bourse, KSE-100 settle at new record high

After observing a sharp correction in the previous session, optimism returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index settling at a new high amid a gain of over 1,200 points on Thursday. At close, the benchmark index settled at 133,782.34 level, a gain of 1,205.36 points or 0.91%. The bullish momentum continued amid improved economic indicators. In a historic economic milestone, Pakistan recorded its highest-ever home remittance inflows, exceeding $38 billion during the last fiscal year FY25. This unprecedented surge is credited to robust policy measures and sustained efforts by the federal government and the State Bank of Pakistan (SBP) to channelise remittances through formal avenues. On Wednesday, the PSX witnessed a sharp correction as investors opted to book profits following the market's recent record-breaking rally. The benchmark KSE-100 Index dropped by 826 points or 0.62% to settle at 132,577 points. Internationally, Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off US President Donald Trump's latest tariff salvos. US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper. He later said on Wednesday the levies would come into effect on August 1. Trump also turned his trade ire against Brazil on Wednesday as he threatened a punitive 50% tariff on exports to the US and issued tariff notices to seven minor trading partners. The latest moves did little to rattle markets, leaving MSCI's broadest index of Asia-Pacific shares outside Japan up 0.2%. The Nikkei fell 0.56%, while China's CSI300 blue-chip index rose 0.2% and Hong Kong's Hang Seng Index added 0.1%. EUROSTOXX 50 futures gained 0.18% and FTSE futures advanced 0.33%.

786 Investments Limited secures three-year license renewal
786 Investments Limited secures three-year license renewal

Business Recorder

time7 hours ago

  • Business Recorder

786 Investments Limited secures three-year license renewal

The 786 Investments Limited said on Thursday that its license was renewed for a period of three years. The company shared the development in a notice to the Pakistan Stock Exchange (PSX). The Securities and Exchange Commission of Pakistan (SECP) renewed the license under the sub-rule of (9) of Rule of 5 of the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003. The company carries out asset management and investment advisory services. 786 Investments Limited was incorporated on September 18, 1990 as a public limited Company in Pakistan. The company is registered as a Non-Banking Finance Company under the Non-Banking Finance Companies Rules, 2003 and has obtained the licenses to carry out investment advisory services and asset management services under the NBFC Rules and Non Banking Finance Companies and Notified Entities Regulations 2008.

Bulls return to bourse, KSE-100 gains over 1,000 points
Bulls return to bourse, KSE-100 gains over 1,000 points

Business Recorder

time7 hours ago

  • Business Recorder

Bulls return to bourse, KSE-100 gains over 1,000 points

After observing a sharp correction in the previous session, optimism returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Thursday. At 10:25am, the benchmark index was hovering at 133,608.99 level, a gain of 1,032.01 points or 0.78%. Buying was observed in key sectors including automobile assemblers, cement, commercial banks, OMCs, power generation and refinery. Index-heavy stocks including PRL, HUBCO, SNGPL, INDU, HCAR, MCB, MEBL and UBL traded in the green. The bullish momentum continued amid improved economic indicators. In a historic economic milestone, Pakistan recorded its highest-ever home remittance inflows, exceeding $38 billion during the last fiscal year FY25. This unprecedented surge is credited to robust policy measures and sustained efforts by the federal government and the State Bank of Pakistan (SBP) to channelise remittances through formal avenues. On Wednesday, the PSX witnessed a sharp correction as investors opted to book profits following the market's recent record-breaking rally. The benchmark KSE-100 Index dropped by 826 points or 0.62% to settle at 132,577 points. Internationally, Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off US President Donald Trump's latest tariff salvos. US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper. He later said on Wednesday the levies would come into effect on August 1. Trump also turned his trade ire against Brazil on Wednesday as he threatened a punitive 50% tariff on exports to the US and issued tariff notices to seven minor trading partners. The latest moves did little to rattle markets, leaving MSCI's broadest index of Asia-Pacific shares outside Japan up 0.2%. The Nikkei fell 0.56%, while China's CSI300 blue-chip index rose 0.2% and Hong Kong's Hang Seng Index added 0.1%. EUROSTOXX 50 futures gained 0.18% and FTSE futures advanced 0.33%. This is an intra-day update

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store