Commodities -Markets - Business Recorder

Commodities

Oil down after U.S. crude inventories rise against expectations

Brent crude was trading down 30 cents, or 0.7%, at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while U.S. crude dropped 34 cents, or 0.9%, to $39.46.

Published 23 Sep, 2020 10:04am

Commodities

Agri dept advised

LAHORE: Punjab Agriculture Minister Syed Hussain Jehanian Gardezi has directed the provincial agriculture department...

Published 23 Sep, 2020 02:48am

Commodities

China’s iron ore futures drop on sluggish demand

BEIJING/SHANGHAI: Benchmark iron ore futures in China slipped about 3% on Monday, hurt by sluggish downstream demand...

Published 23 Sep, 2020 02:48am

Commodities

PMEX daily trading report

KARACHI: On Monday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 12.816 billion and...

Published 23 Sep, 2020 02:48am

Commodities

Dry spell supports Ivory Coast’s cocoa main crop

ABIDJAN: Mainly below average rains last week in most of Ivory Coast’s cocoa regions bode well for the development...

Published 23 Sep, 2020 02:48am

Commodities

CBOT corn futures fall

CHICAGO: Chicago Board of Trade corn futures dropped 2.1% from a six-month high on Monday as funds exited long...

Published 23 Sep, 2020 02:48am

Commodities

Gold price stable locally

KARACHI: Despite a decline of $25 per ounce on the world market, gold price was unchanged locally on Monday, traders...

Published 23 Sep, 2020 02:48am

Commodities

Copper prices bounce

LONDON: Copper prices rebounded on Tuesday as investors took advantage of a pull-back from two-year highs and as...

Published 23 Sep, 2020 02:48am

Commodities

Palm oil slips

KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices,...

Published 23 Sep, 2020 02:48am

Commodities

Argentina soya crushing to fall 9.5pc this year

BUENOS AIRES: Argentina’s soya crushing volume will drop around 9.5% this year, the head of the CIARA-CEC grains...

Published 23 Sep, 2020 02:48am

Commodities

Gold prices slips in Asia

SINGAPORE: Gold prices slipped on Tuesday following a sharp drop the previous day, as the dollar hit multi-week ...

Published 23 Sep, 2020 02:48am

Commodities

Gold falls in Europe

LONDON: Gold fell for a second straight session on Tuesday as the dollar climbed to a near two-month peak, with...

Published 23 Sep, 2020 02:48am

Commodities

US MIDDAY: Gold drops

NEW YORK: Gold fell for a second straight session on Tuesday as the dollar climbed to a near two-month peak, with...

Published 23 Sep, 2020 02:48am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 23 Sep, 2020 02:48am

Commodities

CBOT corn ends lower after mixed trading

The most-active CBOT December futures contract ended 1/2 cent lower at $3.69-1/4 per bushel.
The US Department of Agriculture on Monday rated 61% of the corn crop in "good-to-excellent" condition, up from 60% a week earlier.

Published 23 Sep, 2020 01:14am

Commodities

Soy climbs on continued China buying; wheat up on global demand

Grains recover from Monday's losses.
Egypt tenders as Black Sea prices rise.
Corn capped by surprise crop ratings improvement.
Soybeans buoyed by strong meal demand.

Published 22 Sep, 2020 11:06pm

Commodities

Paris wheat hits five-month high as Egypt tender fuels Russia rally

Front-month December milling wheat, the most active contract on Paris-based Euronext.
Its highest since April 23 and above Monday's five-month peak of 195 euro.

Published 22 Sep, 2020 10:42pm

Commodities

Cotton gains after 5-session fall; strong dollar caps upside

Having posted losses in the last five sessions, cotton contracts for December rose 0.21 cent, or 0.3%, to 65.45 cents per lb,
It traded within a range of 65 and 65.95 cents a lb.

Published 22 Sep, 2020 10:25pm

Commodities

Gold drops as dollar surges to six-week high

Spot gold fell 0.9pc to $1,895.38 per ounce by 0738 GMT. Prices fell more than 3pc to $1,882.70 on Monday, the lowest level since Aug. 12.

Published 22 Sep, 2020 04:25pm

Commodities

Ukraine's 2020 soybeans crop to fall by 19pc

The association last week revised down its forecast for Ukraine's 2020, sunflower seed output to 14-15 million tonnes from the previous estimate of 15 million because of poor weather.

Published 22 Sep, 2020 04:07pm

Commodities

South Korea's MFG passes in 70,000 T feed wheat tender

The tender had sought wheat sourced from worldwide origins for arrival in South Korea around Jan. 30, 2021.

Published 22 Sep, 2020 03:21pm

Commodities

S.Korea's KFA bought about 65,000 tonnes corn in private deal

The corn was purchased at an estimated $229.00 a tonne c&f for shipment from Brazil between Oct. 15 and Nov. 15. Seller was believed to be trading house Midstar.

Published 22 Sep, 2020 03:18pm

Commodities

Oil rises as U.S. storm eases, but demand worries linger

U.S. West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel at 0224 GMT.

Published 22 Sep, 2020 10:17am

Commodities

Palm oil ends 4-day rally

KUALA LUMPUR: Malaysian palm oil futures took a breather on Monday after a four-day rally, falling more than 2% on...

Updated 22 Sep, 2020 07:20pm

Commodities

Gold, silver slide in New York

NEW YORK: Gold slumped over 3% on Monday, sliding to its lowest level in more than a month, as a broader market...

Updated 22 Sep, 2020 07:20pm

Commodities

PMEX daily trading report

KARACHI: On Friday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.591 billion and...

Updated 22 Sep, 2020 07:20pm

Commodities

Indian gold dealers bank on festivals to bring back customers

MUMBAI: Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a...

Updated 22 Sep, 2020 07:20pm

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Updated 22 Sep, 2020 07:20pm

Commodities

Gold slides 3pc on strong dollar, stimulus concerns; silver tumbles

Silver down more than 9%, platinum more than 6%.
Dollar on track to post best day since March 19.
Close above $1,900/oz needed for a short-term reprieve –analyst.

Published 22 Sep, 2020 02:00am

Commodities

Wheat, soybeans and corn fall sharply on fund selling

The grains, led by a 3.7% drop in wheat that marked its biggest daily percentage decline since August 2019.
Strong demand from China had pushed soybeans to their highest in more than two years last week.

Published 22 Sep, 2020 01:44am

Gainers
Losers
Leaders

Stock	Price
Bal. Wheel / Sep 23 Baluchistan Wheels Limited(BWHL)	75.2300 ▲ 10.48 (14.29%)
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	4.1900 ▲ 0.49 (13.24%)
Mian Textile / Sep 23 Mian Textile Industries Limited(MTIL)	5.8900 ▲ 0.29 (5.18%)
Orix Moda. / Sep 23 Orix Modaraba(ORIXM)	19.1500 ▲ 0.85 (4.64%)
Asim Textile / Sep 23 Asim Textile Mills Limited(ASTM)	8.9900 ▲ 0.38 (4.41%)
Zephyr Tex / Sep 23 Zephyr Textiles Limited(ZTL)	8.0000 ▲ 0.25 (3.23%)
First Credit & Inv. / Sep 23 First Credit and Investment Bank Limited(FCIBL)	18.3900 ▲ 0.39 (2.17%)
Redco Tex. / Sep 23 Redco Textiles Limited(REDCO)	7.0000 ▲ 0.11 (1.60%)
K.S.B. Pumps / Sep 23 KSB Pumps Company Limited(KSBP)	280.0000 ▲ 7.00 (1.47%)
Crescent Star / Sep 23 Crescent Star Insurance Limited(CSIL)	3.5000 ▲ 0.40 (1.25%)

Stock	Price
Trust Mod. / Sep 23 Trust Modaraba(TRSM)	3.2000 ▼ 1.15 (-26.52%)
PICIC Insurance / Sep 23 PICIC Insurance Limited(PIL)	1.3300 ▼ 0.26 (-19.55%)
First Elite Cap. Mod. / Sep 23 First Elite Capital Modaraba(FECM)	3.1500 ▼ 0.75 (-19.46%)
Al-Mali / Sep 23 Modaraba Al-Mali(MODAM)	8.0000 ▼ 0.98 (-12.00%)
Reliance Weav. / Sep 23 Reliance Weaving Mills Limited(REWM)	32.3500 ▼ 3.85 (-11.79%)
Shaheen Ins. / Sep 23 Shaheen Insurance Company Limited(SHNI)	4.5000 ▼ 0.49 (-10.89%)
Bilal Fibres / Sep 23 Bilal Fibres Limited(BILF)	1.6900 ▼ 0.18 (-10.65%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.1400 ▼ 0.16 (-10.53%)
Drekkar Kingsway / Sep 23 Drekkar Kingsway Limited(DKL)	5.2500 ▼ 0.55 (-10.48%)
Netsol Tech. / Sep 23 NetSol Technologies Limited(NETSOL)	73.8150 ▼ 7.80 (-9.59%)

Stock	Volume
SILKBANK / Sep 23 Silkbank Limited(SILK)	135,186,500 ▼ 0.08
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	19,390,000 ▼ 1.18
P.T.C.L.A / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	15,587,000 ▼ 0.76
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	14,128,000 ▼ 0.21
Hascol Petroleum / Sep 23 Hascol Petroleum Limited(HASCOL)	12,224,500 ▼ 0.75
Bank of Punjab / Sep 23 The Bank of Punjab(BOP)	12,222,500 ▼ 0.51
Jahangir Sid. Co. / Sep 23 Jahangir Siddiqui & Co. Ltd.(JSCL)	10,570,000 ▼ 3.85
Aisha Steel / Sep 23 Aisha Steel Mills Limited(ASL)	8,552,000 ▼ 1.35
Pak Int.Bulk Ter / Sep 23 Pakistan International Bulk Terminal Limited(PIBTL)	8,505,500 ▼ 0.37
Maple Leaf / Sep 23 Maple Leaf Cement Factory Limited(MLCF)	7,508,000 ▼ 1.53

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 23	166.25
USD PKR Interbank Buying / Sep 23	166.15
USD to Japanese Yen / Sep 23	104.93
USD to Swiss Franc / Sep 23	0.92
Pound Sterling to USD / Sep 23	1.27
Euro to USD / Sep 23	1.17

Stock	Volume
S&P 500 / Sep 23	3317.49
India Sensex / Sep 23	37734.08
Tokyo Nikkei / Sep 23	23360.30
Nasdaq / Sep 23	10963.64
Hang Seng / Sep 23	23716.85
FTSE 100 / Sep 23	5829.46
Dow Jones / Sep 23	27288.18
Germany DAX 30 / Sep 23	12504.39
France CAC40 / Sep 23	4772.84

Indicator	Value
Weekly Foreign Reserves / Sep 22	19959.00
GDPGROWTH / Sep 22	5.40
Foreign Debt / Sep 22	15087.50
Per Capita Income (CPI) / Sep 22	1516.00
Average CPI / Sep 22	11.11
UK LIBOR / Sep 23	0.08

Business Recorder

Oil down after U.S. crude inventories rise against expectations

Agri dept advised

China’s iron ore futures drop on sluggish demand

PMEX daily trading report

Dry spell supports Ivory Coast’s cocoa main crop

CBOT corn futures fall

Gold price stable locally

Copper prices bounce

Palm oil slips

Argentina soya crushing to fall 9.5pc this year

Gold prices slips in Asia

Gold falls in Europe

US MIDDAY: Gold drops

Pakistan Mercantile Exchange - PMEX

CBOT corn ends lower after mixed trading

Soy climbs on continued China buying; wheat up on global demand

Paris wheat hits five-month high as Egypt tender fuels Russia rally

Cotton gains after 5-session fall; strong dollar caps upside

Gold drops as dollar surges to six-week high

Ukraine's 2020 soybeans crop to fall by 19pc

South Korea's MFG passes in 70,000 T feed wheat tender

S.Korea's KFA bought about 65,000 tonnes corn in private deal

Oil rises as U.S. storm eases, but demand worries linger

Palm oil ends 4-day rally

Gold, silver slide in New York

PMEX daily trading report

Indian gold dealers bank on festivals to bring back customers

Pakistan Mercantile Exchange - PMEX

Gold slides 3pc on strong dollar, stimulus concerns; silver tumbles

Wheat, soybeans and corn fall sharply on fund selling

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