News Archives for Markets - 2021-01-05

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Commodities

LME announces departure of Scotiabank, China Merchants Securities

Several banks in recent years have closed commodities businesses, hit by higher capital requirements.
The LME, owned by Hong Kong Exchanges and Clearing Ltd. , said both had also withdrawn as members of its clearing arm, LME Clear.

Published 05 Jan, 2021 09:03pm

Commodities

Dry weather expected to keep pressuring Argentine soy, corn yields

Months of hot, dry weather have put the country's two main cash crops at risk. Argentina is the No. 3 international corn supplier.
With these weather conditions it is difficult to continue to assume that yield development will be normal, resulting in a corn crop of 48 million tonnes.

Published 05 Jan, 2021 08:30pm

Commodities

Chile's Codelco copper output up, largest private mines down in November

Collahuasi meanwhile, a joint-venture between Anglo American and Glencore, produced 48,200 tonnes, a 15% year on year decrease.

Updated 05 Jan, 2021 08:26pm

Commodities

Raw sugar futures edge up, cocoa prices weaken

March arabica coffee fell 0.4 cents, or 0.3%, to $1.2575 per lb.
March New York cocoa was down $36, or 1.4%, at $2,516 a tonne.
March raw sugar was up 0.03 cents, or 0.2%, at 15.79 cents per lb

Published 05 Jan, 2021 07:11pm

Commodities

Soybeans, corn near 6-1/2 year highs on LatAm supply worry

Soybeans up on Brazilian crop concerns.
Worry about dry Argentine weather.
Weaker dollar supports grains and soy.

Published 05 Jan, 2021 07:06pm

Commodities

Gold hits two-month peak as investors brace for US Senate runoffs

Dollar index holds close to 2-1/2 year low.
England enters new national lockdown.
Platinum, palladium demand from auto sector to improve –analyst.

Published 05 Jan, 2021 06:54pm

Commodities

Bangladesh issues another tender to buy 50,000 tonnes wheat

Price offers are sought on CIF liner out terms. These terms include ship unloading costs for the seller.
Shipment is sought 40 days after the date of contract signing.

Published 05 Jan, 2021 06:24pm

Commodities

Malaysian palm oil stocks forecast lower, keeping prices high in 2021

The market outlook for Malaysian palm oil in 2021 looks bright despite the pandemic.
Rival and top producer Indonesia is expected to produce 45 million tonnes of crude palm oil in 2021, rising from 43 million tonnes last year.

Published 05 Jan, 2021 05:27pm

Commodities

Bangladesh's rice imports could surge to 2mn tonne

Higher imports by Bangladesh, the world's third-biggest rice producer, could lift exports from neighbouring India.
The private sector may be given the opportunity to import as much as 1 million tonnes.

Published 05 Jan, 2021 05:11pm

Commodities

Shandong Gold says Agnico Eagle to take over bid for TMAC at higher price

Shandong Gold said last month its C$230 million ($180.6 million) bid for TMAC had been blocked by the Canadian authorities on national security grounds.
Toronto-based Agnico Eagle will bid 2.2 Canadian dollars per share for TMAC.

Published 05 Jan, 2021 04:42pm

Commodities

Lower dollar, inventories propel copper towards 8-year peak

Benchmark copper on the London Metal Exchange was up 1% at $7,937 a tonne.
The lower dollar is supporting copper and focus is on the vaccines which imply stronger growth in the medium term.

Published 05 Jan, 2021 04:40pm

Commodities

Thai rice exports to stay low in 2021 on global shipping container crunch

Thailand exported 1.29 million tonnes of jasmine rice through November 2020, up 1.57% from the same period a year earlier, the Commerce Ministry said.

Published 05 Jan, 2021 01:12pm

Commodities

CBOT corn may test resistance at $4.87-1/2

The third wave labeled c would start in the zone, to reverse the wave b. A break below $4.83-1/2 may cause a fall into $4.75-1/4 to $4.79-1/4.

Published 05 Jan, 2021 01:07pm

Commodities

Dalian iron ore jumps 4% as Australia, Brazil shipments decline

At the same time, portside iron ore inventory in China shrank to 126.75 million tonnes as of Dec. 31, down 4.1% from last year's peak of 132.15 million tonnes recorded on Nov. 13, SteelHome data showed.

Published 05 Jan, 2021 12:56pm

Commodities

Gold inches down as dollar recovers; focus turns to Georgia race

England went into a new national lockdown to contain a surge in COVID-19 cases, while New York registered its first case of the more contagious strain of coronavirus found in the UK.

Published 05 Jan, 2021 12:53pm

Commodities

Soy rally extends into 2021 on South America supply fears; corn ends mixed

Grain markets have been sensitive to any risks over South American supply as strong Chinese import demand has already absorbed much available soy and corn on the world market.

Published 05 Jan, 2021 11:25am

Commodities

India's cotton production seen at 29.3mn bales: USDA

Cotton prices have improved due to strong export demand for raw cotton and cotton yarn.

Published 05 Jan, 2021 11:10am

Commodities

Honduran coffee exports drop 17% as coronavirus pandemic bites

Between October and December, 357,432.27 bags of 60 kilos of the 2020-2021 harvest were exported - 31.5% less than in the previous period.

Published 05 Jan, 2021 11:02am

Commodities

Funds pile in to CBOT corn, pushing bullishness to eight-year high: Braun

Money managers' net long in CBOT wheat futures and options rose to 13,360 contracts through Dec. 29 from 6,233 a week earlier. That is less bullish than a year ago, but it is uncharacteristically optimistic for the time of year versus other recent years.

Published 05 Jan, 2021 10:46am

Commodities

Palm oil eases from near 10-month highs tracking weaker Dalian oils

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 31 ringgit, or 0.83%, to 3,693 ringgit ($921.41) a tonne during early trade.

Published 05 Jan, 2021 09:54am

Commodities

Palm oil still targets 3,757 ringgit

The resistance at 3,712 ringgit triggered a moderate correction, which may be limited to a support at 3,631 ringgit.

Published 05 Jan, 2021 09:52am

Commodities

Gold eases as dollar recovers; Georgia elections in focus

Market participants now await the minutes of the US Federal Reserve's last policy meeting due on Wednesday, with expectations policy will remain accommodative as the economy attempts a rebound.

Published 05 Jan, 2021 09:49am

Commodities

Spot gold may retest resistance at $1,946

A break below $1,930, now a support, may cause a fall to $1,915. On the daily chart, gold has broken a falling trendline and a resistance at $1,938. It is expected to rise to $1,965, the peak of a wave B.

Published 05 Jan, 2021 09:42am

Commodities

Chicago soybeans near 6-1/2-year high on LatAm supply concerns

Large speculators raised their net long position in CBOT corn futures in the week ended Dec. 29, regulatory data released on Monday showed.

Published 05 Jan, 2021 09:34am

Commodities

London copper marches towards $8,000 on stronger yuan, solid factory data

China, the United States and Europe showed expansion in their factory activities in December, signalling some economic recovery from coronavirus-induced slumps.

Published 05 Jan, 2021 09:16am

Commodities

Gold soars by Rs1300 per tola

KARACHI: Gold on Monday soared by Rs1300 per tola on the local market, traders said. This fresh increase of Rs1300...

Published 05 Jan, 2021 03:14am

Commodities

From bean to bar, Haiti's cocoa wants international recognition

PORT-AU-PRINCE: Although small in the face of South America's giants, Haiti is slowly developing its cocoa industry,...

Updated 05 Jan, 2021 03:44am

Commodities

Indonesian supplies worry fuels nickel's surge

LONDON: Nickel prices surged to two-week highs on Monday as concern about supplies surfaced after an earthquake in...

Updated 05 Jan, 2021 03:43am

Commodities

Malaysian palm oil futures climb

KUALA LUMPUR: Malaysian palm oil futures climbed on Monday, as rival soyaoil gained on concerns over disruptions to...

Updated 05 Jan, 2021 03:36am

Commodities

Tokyo rubber futures rally

BEIJING: Japanese rubber futures rallied on Monday, tracking a strong Shanghai market on hopes of higher demand ...

Published 05 Jan, 2021 03:14am

Commodities

Gold jumps over 2pc in New York

• Platinum hits highest since August 2016 • Silver hits over three-month peak • Silver set to shine in 2021...

Published 05 Jan, 2021 03:14am

Commodities

Chinese iron ore futures set to end 2020 over 50 percent gain

BEIJING: Chinese iron ore futures advanced on Thursday and were on course to rise by over 50% this year, their ...

Updated 05 Jan, 2021 03:43am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 4	276.90 ▼ -0.01
USD PKR Interbank Buying / Nov 4	276.70 ▼ -0.01
USD to Japanese Yen / Nov 4	158.28 ▼ -0.09
USD to Swiss Franc / Nov 4	0.82 ▼ -0.0026
Pound Sterling to USD / Nov 4	1.35 ▲ 0.0039
Euro to USD / Nov 4	1.12 ▲ 0.0022
SOFR % / Nov 3	3.97 ▲ 0.02

Stock	Volume
Tokyo Nikkei / Nov 5	61,913.51
Hang Seng / Nov 5	24,705.29
S&P 500 / Nov 4	7,688.62
India Sensex / Nov 4	77,301.40
Nasdaq / Nov 4	25,736.51
FTSE 100 / Nov 4	10,829.21
Dow Jones / Nov 4	53,356.12
Germany DAX 30 / Nov 4	26,437.67
France CAC40 / Nov 4	8,177.89

Item	Value
Petrol/Litre / Nov 5	362
Gold Spot USD/Ounce / Nov 5	4,138.83
Diesel/Litre / Nov 5	387.81
Crude Oil USD/Barrel / Nov 4	87.91
Karachi Cotton PKR/37.32 KG / Nov 4	18,080
Gold 10 Grams PKR / Nov 4	365,257
Cotton US¢/pound / Nov 4	78.11

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Nov 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	6.96 ▲ 1 (16.78%)
Chenab Ltd (Pref) / Nov 5 Chenab Limited (Pref)(CLCPS)	3.92 ▲ 0.45 (12.97%)
ARM Green Industries / Nov 5 ARM Green Industries Limited(ARMG)	67.78 ▲ 6.16 (10%)
Data Agro / Nov 5 Data Agro Limited(DAAG)	147.94 ▲ 13.45 (10%)
F.Credit & Inv / Nov 5 First Credit and Investment Bank Limited(FCIBL)	187.80 ▲ 17.07 (10%)
Frontier Ceramics / Nov 5 Frontier Ceramics Limited(FRCL)	104.43 ▲ 9.49 (10%)
Grays Leasing / Nov 5 Grays Leasing Limited(GRYL)	73.25 ▲ 6.66 (10%)
J.A.Textile / Nov 5 J.A. Textile Mills Limited(JATM)	79.55 ▲ 7.23 (10%)
Olympia Mills / Nov 5 Olympia Mills Limited(OML)	153.22 ▲ 13.93 (10%)
Pak Leather Crafts / Nov 5 Pak Leather Crafts Limited(PAKL)	72.48 ▲ 6.59 (10%)

Stock	Price
Bawany Air Products (R) / Nov 5 Bawany Air Products Limited Right(BAPLR1)	0.62 ▼ -1 (-61.73%)
Unicap Modaraba / Nov 5 Unicap Modaraba(UCAPM)	20.58 ▼ -2.29 (-10.01%)
Mughal Energy / Nov 5 Mughal Energy Limited(GEM)(GEMMEL)	32.01 ▼ -3.24 (-9.19%)
Nadeem Tex. / Nov 5 Nadeem Textile Mills Limited(NATM)	64.21 ▼ -6.47 (-9.15%)
Aisha Steel (CPS) / Nov 5 Aisha Steel Mills Limited (CPS)(ASLCPS)	72.50 ▼ -6.36 (-8.06%)
Ahmad Hassan / Nov 5 Ahmad Hassan Textile Mills Limited(AHTM)	84 ▼ -6.85 (-7.54%)
Al-Khair Gadoon / Nov 5 Al-Khair Gadoon Limited(AKGL)	52 ▼ -3.98 (-7.11%)
Ningbo Green Light / Nov 5 Ningbo Green Light Energy Limited(NGLEL)	11.63 ▼ -0.84 (-6.74%)
Dewan Textile / Nov 5 Dewan Textile Mills Limited(DWTM)	9.41 ▼ -0.58 (-5.81%)
Shahtaj Sugar / Nov 5 Shahtaj Sugar Mills Limited(SHJS)	147.01 ▼ -8.18 (-5.27%)

Stock	Volume
Pervez Ahmed Consultancy / Nov 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	37,582,531 ▲ 1
B.O.Punjab / Nov 5 The Bank of Punjab(BOP)	33,469,854 ▲ 1.09
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	18,048,161 ▲ 0.03
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	17,049,337 ▼ -0.18
Maple Leaf Cement / Nov 5 Maple Leaf Cement Factory Limited(MLCF)	13,341,868 ▲ 4.01
Pak Elektron / Nov 5 Pak Elektron Limited(PAEL)	9,958,391 ▲ 1.08
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	7,540,902 ▲ 0.02
Fauji Cement / Nov 5 Fauji Cement Company Limited(FCCL)	6,481,049 ▲ 1.33
Bawany Air Products (R) / Nov 5 Bawany Air Products Limited Right(BAPLR1)	6,178,173 ▼ -1
F. Nat.Equities / Nov 5 First National Equities Limited(FNEL)	5,652,584 ▲ 0.01

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