News Archives for Markets - 2021-01-14

<<>>

Commodities

Russia may continue taxing wheat exports in the new marketing season

Russia, one of the world's largest wheat exporters, is trying to stabilise domestic food prices with the wheat export levy as well as a grain export quota and a series of other measures after President Vladimir Putin criticised the impact of excessive inflation.

Published 14 Jan, 2021 11:29pm

Commodities

IGC cuts forecast for 2020/21 global grains production

Global consumption of grains in 2020/21 was lowered by 5 million tonnes to 2.216 billion tonnes but remained above the prior season's 2.192 billion.
Global consumption of grains in 2020/21 was lowered by 5 million tonnes to 2.216 billion tonnes.

Published 14 Jan, 2021 09:36pm

Commodities

Soy up 1-3 cents, corn up 0-2 cents, wheat down 3-5 cents

The European Union is forecast to produce 129.7 million tonnes of soft wheat, according to French analyst firm Strategie Grains.
EU commodity prices could remain high as Chinese demand keeps the global surplus limited.

Published 14 Jan, 2021 09:30pm

Commodities

Coffee sales in Brazil at 78pc of 2020 crop, says consultancy

Safras' coffee analyst Gil Barabach said, however, that sales have progressed slowly during the last month.
Even with fine coffee being traded above the good level of 600 reais ($113.67) per bag, producers are in the defensive.

Published 14 Jan, 2021 09:18pm

Commodities

Indian prices hold steady, Thai rates hit 8-month high on stronger baht

Vietnamese rates remain at nine-year peak.
Bangladesh continues bid to boost depleted reserves.

Published 14 Jan, 2021 09:14pm

Commodities

Barrick Gold quarterly output gets boost from Dominican Republic mine

Gold prices touched record highs in 2020, as investors flocked to the safe haven asset while the COVID-19 pandemic roiled the markets.
Total preliminary gold production rose to 1.21 million ounces in the quarter ended Dec. 31 from 1.16 million ounces in the previous quarter.

Published 14 Jan, 2021 08:55pm

Commodities

Gold on back foot ahead of Biden's US stimulus plan

Spot gold was 0.2% lower at $1,840.40 per ounce.
Optimism over a report that Biden could launch a $2 trillion aid package for coronavirus relief pushed benchmark 10-year Treasury yields towards a 10-month high.

Published 14 Jan, 2021 07:49pm

Commodities

Raw sugar heads back near last week's 3-1/2 yr highs

March New York cocoa fell 0.5% to $2,444 a tonne.
March robusta coffee fell 0.6% to $1,324 a tonne.
March white sugar rose 1.3% to $452 a tonne.

Published 14 Jan, 2021 07:31pm

Commodities

IGC cuts forecast for 2020/21 global corn production

In its monthly update, the inter-governmental body cut its global corn crop forecast by 13 million tonnes to 1.133 billion tonnes.
The IGC raised its forecast for 2020/21 world wheat production by 3 million tonnes to 768 million tonnes.

Published 14 Jan, 2021 07:08pm

Commodities

Palm oil slumps 5pc on fears of plunge in January exports

Palm oil's biggest daily drop in eight months was mainly due to apprehensions of Malaysia's exports falling 40% during Jan. 1 to 15 on-month.
Both India and China are in resting mode after buying heavily in November and December prior to higher export duties and levies coming in place.

Published 14 Jan, 2021 05:57pm

Commodities

Gold on back foot ahead of Biden's US stimulus plan

Spot gold fell 0.3% to $1,838.44 per ounce .
US gold futures slipped 0.8% to $1,839.80.

Published 14 Jan, 2021 05:49pm

Commodities

EU grain supply tension may ease next season, but prices to stay high

Despite wheat and maize stocks in Europe returning to more comfortable levels than in 2020/21, we anticipate that prices will remain high.
For soft wheat, production in the EU's 27 countries is expected to rise to 129.7 million tonnes this year, up 9% from last year's weather-hit crop.

Published 14 Jan, 2021 05:41pm

Commodities

Argentina's wheat harvest seen at 17mn tonnes, exchange says

Recent rains have also helped improve the state of the country's crops ahead of the 2020/2021 harvest, a welcome relief for farmers following a prolonged drought during the southern hemisphere winter.

Published 14 Jan, 2021 12:40pm

Commodities

Palm oil may fall into 3,592-3,631 ringgit range

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 14 Jan, 2021 11:49am

Commodities

China's Dec coal imports triple on month as customs restrictions ease

Increased inflows in December pushed full-year coal purchases to 303.99 million tonnes, the highest level on record, the data showed.

Published 14 Jan, 2021 11:26am

Commodities

Palm oil at two-week low as Malaysia maintains high export duty

Dalian's most-active soyoil contract and its palm oil contract fell 2.4%. Soyoil prices on the Chicago Board of Trade were down 0.3%.

Published 14 Jan, 2021 11:25am

Commodities

Spot gold may fall into $1,797-$1,819 range

The metal may revisit the low of $1,774.79 over the next one or two weeks.

Published 14 Jan, 2021 11:20am

Commodities

Corn dips after rally, tightening global supplies curb losses

The export cap that had been imposed at the start of the week was criticised by growers who said it would weigh on production. Argentina, the world's No. 3 corn exporter, is also the top international supplier of soymeal livestock feed.

Published 14 Jan, 2021 11:17am

Commodities

Copper eases on stronger dollar

The dollar extended its rebound from near three-year lows against major peers, supported by higher US yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.

Published 14 Jan, 2021 10:58am

Commodities

China's 2020 soybean imports climb 13% to record as pig sector demand recovers

"Imports in the New Year are expected to hit a new record high," he added, declining to be named as he was not authorised to speak to the media.

Published 14 Jan, 2021 10:47am

Commodities

China's 2020 copper imports hit record high

On a full-year basis, concentrate imports missed a new record, with shipments totalling 21.77 million tonnes amid tight mine supply due to coronavirus-related curbs even as China's copper smelting capacity continued to expand.

Published 14 Jan, 2021 10:20am

Commodities

China 2020 meat imports close to 10mn tonnes, up 60% on year

Testing of imported chilled foods for the novel coronavirus during the second half of 2020 slowed imports but arrivals still kept up a healthy pace.

Published 14 Jan, 2021 10:05am

Commodities

Gold retreats as dollar, Treasury yields rebound

Investors will also be focused on further clues on the US monetary policy outlook when Federal Reserve Chairman Jerome Powell participates in a virtual event, due at 1730 GMT.

Published 14 Jan, 2021 09:30am

Commodities

Dalian iron ore futures inch up on restocking outlook, steel profits

China reported its biggest daily jump in new COVID-19 cases in more than 10 months for Jan.13, underscoring the growing threat ahead of a major national holiday.

Published 14 Jan, 2021 09:21am

Commodities

Gold rises on inflation bets ahead of Biden unveiling stimulus

Gold is considered a hedge against inflation.

Published 14 Jan, 2021 09:19am

Commodities

US MIDDAY: Gold prices steady in NY

NEW YORK: Gold prices held steady on Wednesday, underpinned by data showing a rise in consumer prices in the United...

Updated 14 Jan, 2021 04:05am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 14 Jan, 2021 03:15am

Commodities

Gold eases in Europe

LONDON/FRANKFURT: Gold prices eased on Wednesday, reversing earlier gains, as the dollar firmed and US yields held...

Updated 14 Jan, 2021 04:11am

Commodities

Malaysian palm oil at two-week low

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Wednesday, ending at a two-week low on concerns ...

Updated 14 Jan, 2021 04:11am

Commodities

Raw sugar prices rise sharply

LONDON: Raw sugar futures on ICE rose sharply on Wednesday, boosted by growing concern about short-term supply...

Updated 14 Jan, 2021 04:11am

Commodities

Cotton rally loses steam on dollar, profit-taking

NEW YORK: ICE cotton futures slipped on Wednesday, as a firmer dollar and profit-taking precipitated a pullback from...

Updated 14 Jan, 2021 04:11am

Commodities

Copper supported by low inventory and demand prospects

LONDON: Copper prices held steady on Wednesday as low inventories and prospects for healthy demand this year were...

Updated 14 Jan, 2021 04:11am

Commodities

CBOT soyabean futures rise to 6-1/2-year peak

CHICAGO: Chicago Board of Trade soyabean futures soared to their highest since mid-2014 on Tuesday after the US...

Updated 14 Jan, 2021 04:03am

Commodities

European wheat hits 7-1/2-year high

HAMBURG: European wheat futures on Tuesday hit 7-1/2 year highs on reports that Russia plans higher than expected...

Updated 14 Jan, 2021 04:03am

Commodities

CBOT corn futures up to highest level

CHICAGO: Chicago Board of Trade corn futures rallied to their highest level in 6-1/2 years on Tuesday after the US...

Updated 14 Jan, 2021 04:03am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.688...

Updated 14 Jan, 2021 04:14am

Commodities

Chinese ferrous futures fall on virus concerns

BEIJING: Ferrous futures in China declined on Tuesday, with Shanghai steel products down more than 3% in early trade...

Updated 14 Jan, 2021 04:03am

Commodities

Canadian canola futures climb

WINNIPEG: ICE Canadian canola futures jumped on Tuesday to contract highs, following soyabeans up after a US...

Updated 14 Jan, 2021 04:03am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 3	276.91 ▼ -0.05
USD PKR Interbank Buying / Nov 3	276.71 ▼ -0.01
USD to Japanese Yen / Nov 4	158.12 ▼ -0.25
USD to Swiss Franc / Nov 4	0.82 ▼ -0.0012
Pound Sterling to USD / Nov 4	1.35 ▲ 0.0016
Euro to USD / Nov 4	1.12 ▲ 0.0014
SOFR % / Nov 3	3.97 ▲ 0.02

Stock	Volume
India Sensex / Nov 4	76,731.18
Tokyo Nikkei / Nov 4	60,835.36
Hang Seng / Nov 4	23,474.67
FTSE 100 / Nov 4	10,665.01
Germany DAX 30 / Nov 4	25,990.27
France CAC40 / Nov 4	8,057.09
S&P 500 / Nov 3	7,568.92
Nasdaq / Nov 3	25,372.01
Dow Jones / Nov 3	51,786.72

Item	Value
Petrol/Litre / Nov 5	362
Diesel/Litre / Nov 5	387.81
Crude Oil USD/Barrel / Nov 4	96.56
Karachi Cotton PKR/37.32 KG / Nov 4	18,080
Gold 10 Grams PKR / Nov 4	365,257
Gold Spot USD/Ounce / Nov 4	4,017.43
Cotton US¢/pound / Nov 4	78.20

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Nov 4 Pervez Ahmed Consultancy Services Ltd.(PASL)	5.96 ▲ 1 (20.16%)
Kohinoor Mills / Nov 4 Kohinoor Mills Limited(KML)	8.77 ▲ 0.9 (11.44%)
First AL-Noor Mod. / Nov 4 First Al-Noor Modaraba(FANM)	10.62 ▲ 1 (10.4%)
Burshane LPG / Nov 4 Burshane LPG (Pakistan) Limited(BPL)	65.53 ▲ 5.96 (10.01%)
Paramount Mod / Nov 4 First Paramount Modaraba(FPRM)	13.52 ▲ 1.23 (10.01%)
ARM Green Industries / Nov 4 ARM Green Industries Limited(ARMG)	61.62 ▲ 5.6 (10%)
B.O.Punjab / Nov 4 The Bank of Punjab(BOP)	30.90 ▲ 2.81 (10%)
Data Agro / Nov 4 Data Agro Limited(DAAG)	134.49 ▲ 12.23 (10%)
Dadex Eternit / Nov 4 Dadex Eternit Limited(DADX)	133.65 ▲ 12.15 (10%)
F.Credit & Inv / Nov 4 First Credit and Investment Bank Limited(FCIBL)	170.73 ▲ 15.52 (10%)

Stock	Price
Bawany Air Products (R) / Nov 4 Bawany Air Products Limited Right(BAPLR1)	1.62 ▼ -1 (-38.17%)
Sindh Modaraba / Nov 4 Sindh Modaraba(SINDM)	66.58 ▼ -7.4 (-10%)
Unicap Modaraba / Nov 4 Unicap Modaraba(UCAPM)	22.87 ▼ -2.54 (-10%)
Select Technologies / Nov 4 Select Technologies Limited(SELECT)	21.85 ▼ -2.39 (-9.86%)
Ningbo Green Light / Nov 4 Ningbo Green Light Energy Limited(NGLEL)	12.47 ▼ -1.35 (-9.77%)
Nets Internat.Comm. / Nov 4 Nets International Communication Limited(GEMNETS)	22.04 ▼ -1.96 (-8.17%)
Bawany Air Products / Nov 4 Bawany Air Products Limited(BAPL)	15.24 ▼ -1.14 (-6.96%)
Quetta Textile / Nov 4 Quetta Textile Mills Limited(QUET)	14.16 ▼ -0.99 (-6.53%)
Arctic Textile / Nov 4 Arctic Textile Mills Limited(ARCTM)	73.72 ▼ -5.02 (-6.38%)
Premier Insurance (R) / Nov 4 Premier Insurance Limited (RIGHT)(PINLR)	0.75 ▼ -0.05 (-6.25%)

Stock	Volume
TPL Properties / Nov 4 TPL Properties Limited(TPLP)	67,850,995 ▲ 0.68
B.O.Punjab / Nov 4 The Bank of Punjab(BOP)	58,197,068 ▲ 2.81
K-Electric Ltd. / Nov 4 K-Electric Limited(KEL)	57,363,507 ▲ 0.37
Cnergyico PK / Nov 4 Cnergyico PK Limited(CNERGY)	52,074,270 ▲ 0.23
Pervez Ahmed Consultancy / Nov 4 Pervez Ahmed Consultancy Services Ltd.(PASL)	42,695,909 ▲ 1
WorldCall Telecom / Nov 4 Worldcall Telecom Limited(WTL)	28,045,596 ▼ -0.01
Maple Leaf Cement / Nov 4 Maple Leaf Cement Factory Limited(MLCF)	22,403,199 ▲ 4.51
Pak Elektron / Nov 4 Pak Elektron Limited(PAEL)	17,418,970 ▲ 1.16
Bawany Air Products (R) / Nov 4 Bawany Air Products Limited Right(BAPLR1)	16,696,187 ▼ -1
Beco Steel Ltd / Nov 4 Beco Steel Limited(BECO)	15,130,613 ▲ 0.3

Most Popular