SectorsNeutral · WatchBusiness Recorder

Oil on track for weekly loss even as Iran tensions simmer

SINGAPORE:Oil prices fell on Friday and are on track to snap a two-

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Oil on track for weekly loss even as Iran tensions simmer — Oil & Gas | Shariah PSX

Desk Analysis

How This Affects the Exchange

Sector Effect

Neutral · Watch

Mixed or limited directional signal for Oil & Gas on the PSX.

Sectors & Direction

Desk read

Desk call: Watch · Neutral effect

  • Oil & GasNeutral effect

Companies

OGDC · WatchPPL · WatchMARI · WatchPSO · WatchSNGP · WatchATRL · Watch

Companies Mentioned

  • · Neutral effect · Watch
  • · Neutral effect · Watch
  • · Neutral effect · Watch
  • · Neutral effect · Watch
  • · Neutral effect · Watch
  • · Neutral effect · Watch

Mentions in This Briefing

Sectors: Oil & Gas Neutral · Watch. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Mixed or limited directional signal for Oil & Gas on the PSX.

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SINGAPORE:[Oil prices fell on Friday](https://www.brecorder.com/news/40436630/oil-rises-by-over-1-as-white-house-says-no-us-iran-talks-happening) and are on track to snap a two-week winning streak, despite settling ​higher in the previous session following a report, that US ‌President Donald Trump is not interested in returning to previous deal terms with Iran.

Source: Business Recorder — https://www.brecorder.com/news/40436824/oil-on-track-for-weekly-loss-even-as-iran-tensions-simmer