News Archives for Markets - 2021-01-18

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Commodities

Copper rises on strong economic data from top metals buyer China

Three-month benchmark copper on the London Metal Exchange (LME) gained 0.5% to $7,991 tonnes.
The China data was pretty robust, not any great surprises there but just confirmation that China is back on track and that is a solid underpinning for metals.

Published 18 Jan, 2021 07:12pm

Commodities

China's corn, wheat imports in 2020 reach record highs

Corn imports in 2020 were more than double the previous year's volume and exceeded their annual quota, which was set at 7.2 million tonnes.
China also imported a record 8.38 million tonnes of wheat, against a quota of 9.64 million tonnes.

Published 18 Jan, 2021 07:07pm

Commodities

White sugar sets 3-1/2 year high, London cocoa edges up

March white sugar was up $3.90, or 0.8%, at $465.60 per tonne.
March London cocoa rose 6 pounds, or 0.35%, to 1,740 pounds a tonne.
March robusta coffee was down $12, or 0.9%, at $1,341 a tonne.

Published 18 Jan, 2021 07:03pm

Commodities

Ivory Coast rains, sun support abundant cocoa mid-crop, farmers say

Ivory Coast, the world's top cocoa producer, is currently in the dry season, which runs from mid-November to March.
In the eastern region of Abengourou, farmers said cocoa trees had plenty cherelles and small pods for the mid-crop.

Published 18 Jan, 2021 06:47pm

Commodities

Turkey postpones tender to buy 400,000 tonnes wheat

The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting

Published 18 Jan, 2021 06:29pm

Commodities

Gold drifts higher from 1-1/2 month low despite buoyant dollar

Dollar index hits four-week high.
Janet Yellen nominated for US Treasury secretary.

Published 18 Jan, 2021 06:15pm

Commodities

Palm oil snaps 5-day losing streak on fears of lower output

Palm ends five-day decline.
Contract logs lowest closing since Dec. 3.
Demand low, supply tight –broker.

Published 18 Jan, 2021 06:02pm

Commodities

China ramp up to rein in aluminium price bulls

US and Western Europe aluminium deficit around 4 mln T each.
JPMorgan expects 2.4 million tonne surplus this year.

Published 18 Jan, 2021 05:44pm

Commodities

Russian wheat export prices jump ahead of tax launch

Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.

Published 18 Jan, 2021 04:46pm

Commodities

Gold gains as US stimulus prospects offset firm dollar

"Our market view remain bullish for the long term as the US dollar is expected to remain structurally weak in the long term."

Published 18 Jan, 2021 01:57pm

Commodities

Trafigura wins rare bonded bunker licence in China's marine fuel hub

The licence was granted to China-based unit Trafigura Energy (Zhejiang) Co Ltd, the company said.

Published 18 Jan, 2021 12:01pm

Commodities

China's 2020 coal output hits record high

For December alone, coal output was 351.89 million tonnes.

Published 18 Jan, 2021 11:49am

Commodities

Palm oil may test support at 3,300 ringgit

The drop observes a set of projection levels on the uptrend from 2,764 ringgit. The nearest support is at 3,300 ringgit, the 161.8% level.

Published 18 Jan, 2021 11:22am

Commodities

China 2020 aluminium output roars to annual record high

She sees aluminium production in China, which aims to cap its annual capacity at around 45 million tonnes, growing by another 6.5% in 2021.

Published 18 Jan, 2021 11:16am

Commodities

China sells 3,939,732 tonnes of wheat from reserves

The average selling price was 2,504 yuan ($386.27) per tonne, the trade centre said.

Published 18 Jan, 2021 11:10am

Commodities

Spot gold may retest support at $1,810

The low at $1,764.29 may be revisited either this week or next week. A break above $1,839 could lead to a gain to $1,862. On the daily chart, gold is riding on a wave C from $1,959.01.

Published 18 Jan, 2021 11:08am

Commodities

Copper rises as China's speedy economic growth lifts demand outlook

Three-month copper on the London Metal Exchange rose 0.2% to $7,963.50 a tonne by 0318 GMT, while aluminium advanced 0.1% to $1,993 a tonne and nickel increased 1.2% to $18,125 a tonne.

Published 18 Jan, 2021 11:06am

Commodities

Tesla says starts delivering Shanghai-made Model Y in China

A representative for the US automaker made the comment in response to a query from Reuters.

Published 18 Jan, 2021 10:52am

Commodities

Gold steadies as US stimulus prospects offset firm dollar

Gold is considered a hedge against inflation and currency debasement, likely from large stimulus.

Published 18 Jan, 2021 10:50am

Commodities

China sells about 3.9mn T of wheat from reserves

China's corn futures traded on Dalian Commodity Exchange continued to rise on Monday after hitting record levels last week.

Published 18 Jan, 2021 10:48am

Commodities

Palm oil snaps five-day decline on bargain-hunting

The contract slipped nearly 11% last week as cargo surveyors reported a 42% monthly decline in exports during Jan. 1-15.

Published 18 Jan, 2021 10:43am

Commodities

Iron ore hits four-week high as China demand prospects back in focus

Rebar on the Shanghai Futures Exchange rose 0.3%, while hot-rolled coil slipped 0.2%. Stainless steel climbed 1.7%.

Published 18 Jan, 2021 10:35am

Commodities

China's 2020 coal output rises to highest since 2015, undermining climate pledges

Output finally rebounded from multi-month lows in September, as coal import restrictions and surging electricity demand intensified a supply crunch at the onset of the winter heating season.

Published 18 Jan, 2021 10:32am

Commodities

Deliveroo targets $7bn valuation for IPO

LONDON: British meals delivery company Deliveroo, boosted by demand during the coronavirus pandemic, said Sunday it...

Published 18 Jan, 2021 04:10am

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 2	3.95 -

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	369.06
Diesel/Litre / Nov 5	391.52
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

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