News Archives for Markets - 2020-12-24

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Commodities

Paris wheat stays firm with Argentina risks in focus

March milling wheat on the Paris-based Euronext exchange settled up 0.50 euros, or 0.2%, at 211.75 euros ($258.10) a tonne.
Chicago wheat also edged higher to trade close to a two-month peak.

Published 24 Dec, 2020 08:14pm

Commodities

Thai prices hit 6-month high, Vietnam rates elevated on supply woes

Thai traders expect interest from Japanese market.
Bangladesh finalising bilateral rice trade deal with India.
Shipments in India delayed by port congestion.

Published 24 Dec, 2020 07:19pm

Commodities

Soybeans up 9-11 cents, wheat, corn up 0-2 cents

Overnight, CBOT March wheat reached $6.33-3/4 cents per Bushel, its highest since October 23.
CBOT March corn was last unchanged at $4.47-1/2 per bushel.

Updated 24 Dec, 2020 07:12pm

Commodities

Bangladesh, India finalising first bilateral rice deal in 3 years

India, the world's biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest.
India could sell parboiled rice at around $407 and white rice at around $417 per tonne on a cost, insurance and freight (CIF) liner out basis.

Published 24 Dec, 2020 06:01pm

Commodities

Palm edges up, tracking rival oils as Argentine exports slow

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 34 ringgit, or 1%, to 3,569 ringgit ($879.28) a tonne.
CBOT soyoil climbed 1.3%, while soy and palm oils on the Dalian Commodity Exchange rose 3.5% and 5.2%, respectively.

Published 24 Dec, 2020 05:59pm

Commodities

Gold rises on weaker dollar as market eyes Brexit deal

Markets shrug-off Trump threat around aid bill.
Brexit deal optimism boosts pound, weighs on dollar.

Published 24 Dec, 2020 05:57pm

Commodities

Industrial metals cement gains with hopes of strong demand in 2021

Benchmark copper on the London Metal Exchange (LME) was down 0.2% at $7,830 a tonne.
Other base metals were up between 0.3% and 1.4%.

Published 24 Dec, 2020 05:48pm

Commodities

NY cocoa targets $2,177-$2,300 range in Q1

On the daily chart, both a retracement analysis and a projection analysis indicate a drop towards $2,354-$2,370 range.

Published 24 Dec, 2020 12:35pm

Commodities

Palm oil may rise to 3,631 ringgit

Support is at 3,504 ringgit, a break below may cause a very shallow fall to 3,474 ringgit.

Published 24 Dec, 2020 10:23am

Commodities

Spot gold may test resistance at $1,888

The metal managed to stabilize around a support at $1,862, the 38.2% projection level of an upward wave c from $1,862. This wave may have completed around $1,904.

Published 24 Dec, 2020 10:04am

Commodities

LME copper eases, but hovers near multi-year high on demand recovery hopes

The most-traded copper contract on the Shanghai Futures Exchange rose 0.7% to 58,110 yuan ($8,892.26) a tonne.

Published 24 Dec, 2020 10:02am

Commodities

CBOT soybeans to test resistance at $12.69-1/4

8 The contract is riding on a wave 3 that is travelling towards the range of $12.69-1/4 to $12.77-3/4, formed by its 338.2% and 361.8% projection levels.

Published 24 Dec, 2020 10:00am

Commodities

Palm jumps, tracking rival oils as South American exports slow

Meanwhile, soy and palm oils on the Dalian Commodity Exchange rose 2.6% and 3.3%, respectively.

Published 24 Dec, 2020 09:49am

Commodities

CBOT corn may retest resistance at $4.49-1/2

Support is at $4.46-3/4, a break below which could cause a fall into the $4.43-3/4 to $4.45-1/2 range.

Published 24 Dec, 2020 09:46am

Commodities

CBOT wheat may retest resistance at $6.31-1/2

Support is at $6.25-1/2, a break below which could cause a fall to $6.22.

Published 24 Dec, 2020 09:41am

Commodities

China iron ore futures bounce back after two days of falls

Brazilian iron ore miner Vale SA said on Wednesday its Samarco joint venture with BHP had begun the gradual restart of operations, after a deadly dam failure in 2015.

Published 24 Dec, 2020 09:38am

Commodities

NY coffee may rise towards $1.2665

The uptrend from $1.2040 looks incomplete. It seems to have adopted an impulsive wave mode. A small triangle is contracting to a point. It is a bullish continuation pattern.

Published 24 Dec, 2020 09:37am

Commodities

Gold firms on weaker dollar, US stimulus bets

Underscoring the economic hit from the pandemic, data on Wednesday showed elevated US jobless claims and a drop in consumer spending for the first time since May in November.

Published 24 Dec, 2020 09:32am

Commodities

Gold steadies as soft US jobs data offsets Trump stimulus threat

The British government on Wednesday said huge swathes of England would be placed under its strictest COVID-19 restrictions as a highly infectious virus variant sweeps the country.

Published 24 Dec, 2020 08:42am

Commodities

CBOT wheat lifts amid export market uncertainty

Russia will more than double its output of durum wheat, used in the production of pasta and couscous, to 1.8 million tonnes by 2025, its agriculture ministry said.

Published 24 Dec, 2020 03:20am

Commodities

Soybeans gain as South American supply falters

Wheat and corn followed soybeans, supported by Argentina's export woes and concerns over prolonged dryness for developing South American crops.

Published 24 Dec, 2020 03:13am

Commodities

Gold prices rise in Asia

SINGAPORE: Gold prices rose in Asian trade on Wednesday, helped by a weaker dollar and as investors remained...

Updated 24 Dec, 2020 03:35am

Commodities

Gold edges up in Europe

LONDON: Gold prices inched higher on Wednesday after President Donald Trump’s threat not to sign the US pandemic...

Updated 24 Dec, 2020 03:30am

Commodities

Raw sugar climbs

LONDON: Raw sugar futures on ICE rose on Wednesday in thinly traded markets as the dollar fell, with investor risk...

Updated 24 Dec, 2020 03:34am

Commodities

Palm oil jumps over 3pc

SINGAPORE: Malaysian palm oil futures reversed course to jump over 3 percent on Wednesday, tracking gains in soyaoil...

Updated 24 Dec, 2020 03:30am

Commodities

Tokyo rubber futures up

TOKYO: Japanese rubber futures edged higher on Wednesday, as investors looked for bargains after a sharp sell-off in...

Updated 24 Dec, 2020 03:35am

Commodities

Copper pushes back towards highs

LONDON: Copper prices pushed back towards multi-year highs on Wednesday, with stock markets and oil prices also...

Updated 24 Dec, 2020 03:31am

Commodities

China’s aluminium imports set annual record, eclipsing 2009 high

SHANGHAI: China’s aluminium imports hit a record annual high with a month to spare, customs data showed on...

Updated 24 Dec, 2020 03:30am

Commodities

US MIDDAY: Gold prices jump

NEW YORK: Gold prices jumped as much as 1% on Wednesday, bolstered by a weaker dollar, while investors kept hopes...

Updated 24 Dec, 2020 03:35am

Commodities

US MIDDAY: Soyabeans rally

CHICAGO: Chicago soyabeans continued to rally on Wednesday as an Argentine labor strike slowed exports, even as rain...

Updated 24 Dec, 2020 03:35am

Commodities

Canadian canola futures higher

WINNIPEG: ICE Canadian canola futures rose on Tuesday, continuing their streak of registering fresh 7-year highs, on...

Updated 24 Dec, 2020 03:33am

Commodities

Dalian and Singapore iron ore falls

MANILA: Dalian and Singapore iron ore futures pulled back on Tuesday from record peaks hit in the previous session,...

Updated 24 Dec, 2020 03:27am

Commodities

CBOT soyabean futures climb to 6-1/2-year high

CHICAGO: Chicago Board of Trade soyabean futures climbed to new six-and-a-half-year highs on Tuesday, as traders...

Updated 24 Dec, 2020 03:32am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.760...

Updated 24 Dec, 2020 03:32am

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

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