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Archive

Markets - Commodities

Saturday, May 9, 2020

Gold eases in early NY trade
Commodities

Gold eases in early NY trade

Gold eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies reopening after COVID-19 lockdowns, but a continued wave of central bank stimulus kept bullion on course for a weekly gain.
Published 09 May, 2020 12:06am
Shanghai copper climbs
Commodities

Shanghai copper climbs

Shanghai copper rose to a three-week high on Friday and clocked a second straight weekly gain, buoyed by strong import numbers in China and signs that the Sino-US trade deal would be implemented despite the coronavirus disruption.
Published 09 May, 2020 12:06am
China's iron ore, steel futures rise
Commodities

China's iron ore, steel futures rise

Iron ore and steel futures in China jumped on Thursday, extending gains into the fourth straight session after Beijing pledged more stimulus to relieve tax burdens and boost credit support for companies.
Published 09 May, 2020 12:06am
PMEX daily trading report
Commodities

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,721. The traded value of metals, energy and COTS/FX was recorded at PKR 5.945 billion and the number of lots traded was 13,461.
Published 09 May, 2020 12:06am
PSM employees to get their salaries before Eid-ul-Fitr
Commodities

PSM employees to get their salaries before Eid-ul-Fitr

Acting Chief Executive Officer (CEO), Capt. Sher Alam Mahsud (retired) said on Friday that the government will pay salaries to the employees of dysfunctional Pakistan Steel Mills (PSM) before Eid-ul-Fitr, within available financial resources.
Published 09 May, 2020 12:06am