News Archives for Markets - 2020-12-22

<<>>

Commodities

Soybeans hit new 6-1/2-year high on South America supply worries

Corn edged higher with support from soybeans, while wheat eased.
Reduced supplies of soybean before the arrival of the Brazilian crop continue to push prices up.

Published 22 Dec, 2020 08:36pm

Commodities

Gold falls as dollar holds firm on new virus strain fears

US Congress approves $892 coronavirus stimulus package.
Dollar gains on new COVID-19 strain.

Published 22 Dec, 2020 06:39pm

Commodities

Palm rebounds on likely higher China imports, biodiesel hopes

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 10 ringgit, or 0.3%, to 3,416 ringgit ($841.59), after closing 1.1% lower on Monday.
Supporting prices was a potential rise in palm oil imports by China next year to 6.4 million tonnes from 6.2 million tonnes in 2020.

Published 22 Dec, 2020 06:07pm

Commodities

Larger crop, lack of rupees curb Iran's record Indian sugar appetite

Iran rupee reserves are low as US sanctions bite.
Iran sugar stocks high, output to surge this year – ISO.
Iran will buy two thirds less sugar from India – trade.

Published 22 Dec, 2020 05:41pm

Commodities

NY coffee may fall to $1.2235

8 A realistic target will be $1.2235, the 23.6% retracement. A break above $1.2450 could lead to a gain into $1.2545-$1.2665 range.

Published 22 Dec, 2020 12:04pm

Commodities

Iron ore retreats as Dalian bourse sets further trade limit

China's Dalian Commodity Exchange has moved to limit non-futures company members' single-day position openings for iron ore futures to 2,000 lots from Tuesday's session.

Published 22 Dec, 2020 11:56am

Commodities

China's Dalian exchange proposes halving some iron ore trading position limits

The exchange already tightened single-day open positions on its most traded iron ore contract twice since the start of December to 5,000 lots as prices soared beyond market expectations.

Published 22 Dec, 2020 11:35am

Commodities

Arabica coffee falls as new COVID-19 strain sinks markets

The dollar surged versus most currencies, making dollar-priced soft commodities costlier for non US investors early in the day but shifted course, driving the sugar and cocoa markets.

Published 22 Dec, 2020 10:58am

Commodities

Spot gold may drop to $1,862

The bounce consists of three waves. The third wave labelled c is much shorter than the first wave labelled a, as revealed by a projection analysis.

Published 22 Dec, 2020 10:03am

Commodities

CBOT soybeans may rise into $12.56-$12.61 range

Support is at $12.47-1/2, a break below which could cause a fall to $12.42-1/2.

Published 22 Dec, 2020 09:51am

Commodities

CBOT corn may rise into $4.45-1/2 to $4.47-3/4 range

Chances are it may extend into the target zone, following the deep correction on Monday.

Published 22 Dec, 2020 09:49am

Commodities

Japan Jan-March quarter crude steel output seen -2.5% y/y

Demand for steel products, including those for exports, is forecast to drop 3.4% to 20.64 million tonnes in January-March versus a year earlier.

Published 22 Dec, 2020 09:44am

Commodities

Soybeans hit over 6-year high as South America weather, labour strikes stoke supply woes

The most active corn futures were up 0.2% to $4.40-3/4 a bushel, after gaining 0.6% in the previous session.

Published 22 Dec, 2020 09:39am

Commodities

China to import record 100mn tonnes of soybeans in 2020

Zhou said soymeal demand will remain strong this quarter and into the first quarter of next year.

Published 22 Dec, 2020 09:38am

Commodities

Palm oil jumps over 1% as rival oils gain

Soyoil on the CBOT rallied overnight to reach six-and-a-half-year highs, as prolonged worker strikes and dry weather in Argentina squeezed global supply prospects.

Published 22 Dec, 2020 09:29am

Commodities

London copper edges up on US stimulus deal

Three-month copper on the London Metal Exchange rose 0.7% to $7,899 a tonne by 0330 GMT.

Published 22 Dec, 2020 09:13am

Commodities

Gold rises on US stimulus cheer, virus fears

"Heightened inflation expectations due to the US fiscal stimulus package have seen gold pick up as an inflation hedge," said Howie Lee, an economist at OCBC Bank.

Published 22 Dec, 2020 09:05am

Commodities

Paris wheat drifts down, as new virus strain weighs

Euronext lacked impetus from little-changed Chicago wheat, with movements in grain markets focused on soybeans.

Published 22 Dec, 2020 03:23am

Commodities

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 5.834 ...

Updated 22 Dec, 2020 04:06am

Commodities

Indian gold discounts offer for first time in 6 weeks

BENGALURU/MUMBAI: Physical gold in India was sold at a discount for the first time in six weeks as a rebound in ...

Updated 22 Dec, 2020 04:06am

Commodities

Soybeans climb to six-year high on Argentina wage strike, weather

Corn and wheat futures traded near even as soybeans supported the grains complex.

Published 22 Dec, 2020 01:59am

Commodities

Gold steadies as new coronavirus strain rattles markets

Bullion had jumped more than 1pc earlier in the session, helped by reports that U.S. congressional leaders reached agreement on a $900 billion package.

Published 22 Dec, 2020 12:29am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 5	276.87 ▼ -0.03
USD PKR Interbank Buying / Nov 5	276.67 ▼ -0.03
USD to Japanese Yen / Nov 6	158.06 ▲ 0.52
USD to Swiss Franc / Nov 6	0.82 ▲ 0.0014
Pound Sterling to USD / Nov 6	1.34 ▼ -0.0034
Euro to USD / Nov 6	1.12 ▼ -0.0033
SOFR % / Nov 4	3.94 ▼ -0.03

Stock	Volume
India Sensex / Nov 6	79,976.76
Tokyo Nikkei / Nov 6	57,858.61
Hang Seng / Nov 6	24,635
FTSE 100 / Nov 6	10,609.78
Germany DAX 30 / Nov 6	25,919.48
France CAC40 / Nov 6	8,098.11
S&P 500 / Nov 5	7,353.73
Nasdaq / Nov 5	24,315
Dow Jones / Nov 5	51,523.06

Item	Value
Petrol/Litre / Nov 6	352.59
Crude Oil USD/Barrel / Nov 6	91.72
Gold 10 Grams PKR / Nov 6	367,914
Gold Spot USD/Ounce / Nov 6	4,046.79
Diesel/Litre / Nov 6	382.25
Cotton US¢/pound / Nov 6	78.52
Karachi Cotton PKR/37.32 KG / Nov 5	18,080

Gainers
Losers
Leaders

Stock	Price
LSE Financial Serv. / Nov 6 LSE Financial Services Limited(LSEFSL)	2.76 ▲ 0.42 (17.95%)
Chenab Ltd (Pref) / Nov 6 Chenab Limited (Pref)(CLCPS)	4.70 ▲ 0.7 (17.5%)
Security Investment Bank / Nov 6 Security Investment Bank Limited(SIBL)	7.53 ▲ 1 (15.31%)
Pervez Ahmed Consultancy / Nov 6 Pervez Ahmed Consultancy Services Ltd.(PASL)	7.96 ▲ 1 (14.37%)
Ningbo Green Light / Nov 6 Ningbo Green Light Energy Limited(NGLEL)	12.62 ▲ 1.15 (10.03%)
First AL-Noor Mod. / Nov 6 First Al-Noor Modaraba(FANM)	12.85 ▲ 1.17 (10.02%)
Grays Leasing / Nov 6 Grays Leasing Limited(GRYL)	80.58 ▲ 7.33 (10.01%)
J.A.Textile / Nov 6 J.A. Textile Mills Limited(JATM)	87.51 ▲ 7.96 (10.01%)
ARM Green Industries / Nov 6 ARM Green Industries Limited(ARMG)	74.56 ▲ 6.78 (10%)
Baba Farid Sugar / Nov 6 Baba Farid Sugar Mills Limited(BAFS)	459.83 ▲ 41.8 (10%)

Stock	Price
Bawany Air Products (R) / Nov 6 Bawany Air Products Limited Right(BAPLR1)	0.02 ▼ -0.6 (-96.77%)
Premier Insurance (R) / Nov 6 Premier Insurance Limited (RIGHT)(PINLR)	0.61 ▼ -0.09 (-12.86%)
Escorts Bank / Nov 6 Escorts Investment Bank Limited(ESBL)	12.14 ▼ -1.35 (-10.01%)
Sindh Modaraba / Nov 6 Sindh Modaraba(SINDM)	65.92 ▼ -7.32 (-9.99%)
Ellcot Spinning / Nov 6 Ellcot Spinning Mills Limited(ELSM)	201 ▼ -21.39 (-9.62%)
Nadeem Tex. / Nov 6 Nadeem Textile Mills Limited(NATM)	64.15 ▼ -6.53 (-9.24%)
Mughal Energy / Nov 6 Mughal Energy Limited(GEM)(GEMMEL)	32.25 ▼ -3 (-8.51%)
Universal Ins. / Nov 6 The Universal Insurance Company Limited(UVIC)	18.50 ▼ -1.72 (-8.51%)
J.K.Spinning / Nov 6 J.K. Spinning Mills Limited(JKSM)	390 ▼ -35 (-8.24%)
Paramount Spinning / Nov 6 Paramount Spinning Mills Limited(PASM)	9.25 ▼ -0.75 (-7.5%)

Stock	Volume
Bawany Air Products (R) / Nov 6 Bawany Air Products Limited Right(BAPLR1)	684,470,556 ▼ -0.6
Tasdeeq Info. Serv. / Nov 6 Tasdeeq Information Services Limited(TISL)	140,531,169 ▲ 0.36
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	71,990,851 ▲ 0.08
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	47,565,462 ▲ 0.05
Media Times Ltd / Nov 6 Media Times Limited(MDTL)	41,073,385 ▼ -0.1
Pervez Ahmed Consultancy / Nov 6 Pervez Ahmed Consultancy Services Ltd.(PASL)	24,768,400 ▲ 1
Trust Sec.& Brok. / Nov 6 Trust Securities & Brokerage Limited(TSBL)	24,672,847 ▲ 0.04
TPL Properties / Nov 6 TPL Properties Limited(TPLP)	23,713,793 ▲ 0.04
B.O.Punjab / Nov 6 The Bank of Punjab(BOP)	21,201,988 ▼ -0.79
Ist.Capital Sec / Nov 6 First Capital Securities Corporation(FCSC)	21,174,637 ▲ 0.28

Most Popular