News Archives for Markets - 2021-02-08

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Commodities

Copper prices lifted by inventory squeeze

"Inventories are still quite low on exchanges. That gives good indication that manufacturing demand for copper is present and that its not just a speculative story,".

Updated 09 Feb, 2021 12:12am

Commodities

Gold rises over 1pc on expectations of large US stimulus package

Bitcoin jump also helping sentiment in gold, analysts say.
Investors await progress on US COVID-19 relief package.

Published 08 Feb, 2021 09:44pm

Commodities

EU 2020/21 soft wheat exports 15.81 million tonnes by Feb. 7

That was down from 18.86 million tonnes cleared by the same week last season, the data showed.
Since Jan. 1, the European Comission's data has covered the EU's 27 countries only, whereas previous figures up to Dec. 31 covered both the EU-27 and Britain.

Published 08 Feb, 2021 09:31pm

Commodities

EU 2020/21 soybean imports at 8.95mn tonne by Feb. 7, rapeseed 4.23mn tonne

That compared with 8.47 million tonnes cleared by the same week last season, the data showed.
The change reflects Britain's departure from the EU's customs union at the end of December, following its formal exit from the bloc in early 2020.

Updated 09 Feb, 2021 04:01am

Commodities

Argentine oilseed crushers balm tax hike fears with deal; farmers still wary

The CIARA oilseed crushers chamber on Monday said the agreement on sunflower oil and sunflower-soy oil mix would help to ease government concerns about inflation.
In this way, the tightening of exports logs and export duty hikes are avoided.

Published 08 Feb, 2021 09:04pm

Commodities

Gold rises as investors focus on big US stimulus bets

10-year Treasury yields hover near highest since March.
Spot gold rose 0.8% to $1,825.69 per ounce.
The metal continues to be pulled and tugged by conflicting force.

Published 08 Feb, 2021 08:29pm

Commodities

Ghana 2020/21 cocoa arrivals up 2.3pc from last season: COCOBOD

G&S is cocoa that has been quality checked and sealed in bags by COCOBOD and is ready to be shipped.
Cocoa production in Ghana is expected to reach 800,000 tonnes this season, according to COCOBOD's forecast.

Published 08 Feb, 2021 08:10pm

Commodities

Ivory Coast rain could boost cocoa yield, prolonged hot weather a concern

Ivory Coast, the world's top cocoa producer, is in the dry season, which runs from mid-November to March, when downpours are poor or scarce.
The heat is too much. If it continues for weeks without a good rainfall, most of the flowers and tiny pods will fall off.

Published 08 Feb, 2021 07:52pm

Commodities

WTO delays ruling on US metal tariffs to second half of 2021

The WTO panel handling challenges brought by China, the European Union, India, Norway, Russia, Switzerland and Turkey had previously said its final report would not be before autumn 2020.
The US administration of former President Donald Trump set duties in 2018 of 25% on incoming steel.

Published 08 Feb, 2021 07:20pm

Commodities

Wheat up on US cold snap, USDA supply report awaited

Cold weather in US grain belts support wheat.
Soybeans drift ahead of USDA report.
Corn futures still near 7-1/2 year high.

Published 08 Feb, 2021 07:17pm

Commodities

White sugar hits near 4-year high, raws gain

March white sugar, which expires this Friday, was 0.4% higher at $476.80 per tonne.
May New York cocoa fell 0.6% to $2,458 a tonne.
March arabica coffee fell 0.4% to $1.2420 per lb.

Published 08 Feb, 2021 06:54pm

Commodities

India's coal imports rebound as Australia wins market share: Russell

India imported 17.56 million tonnes of thermal and coking coal in January, according to vessel-tracking and port data compiled by Refinitiv.
This was down slightly from December's 17.74 million tonnes and 18.02 million in October, but a touch above November's 17.54 million.

Published 08 Feb, 2021 06:50pm

Commodities

Ivory Coast 2020/21 cocoa port arrivals seen at 1.388mn tonnes by Feb 7

About 25,000 tonnes of beans were delivered to the Abidjan port and 26,000 tonnes to the San Pedro port between February 1 to February 7 for a total of 51,000 tonnes down from 57,000 tonnes during the same week last season.

Updated 08 Feb, 2021 10:04pm

Commodities

Russia's Rusal Q4 aluminium sales down 7.1pc y/y

Hong-Kong listed Rusal, the world's largest aluminium producer outside China, said its aluminium sales totalled 1.028 million tonnes in October to December 2020, up 2.0% quarter-on-quarter.
Sales to Europe as a proportion of the total fell 9 percentage points year-on-year to 45%, while Asia's share grew by 8 pp to 25%.

Updated 08 Feb, 2021 10:03pm

Commodities

Chile consumer prices jump 0.7pc on food, transport costs

Statistics agency INE said rolling 12-month inflation hit 3.1%, within the central bank's target range of between 2%-4%.
Chile is the world's top copper producer.

Published 08 Feb, 2021 05:24pm

Commodities

Japan futures touch 3-week high on US stimulus hopes, higher oil prices

Osaka Exchange's rubber contract for July delivery finished 3.7 yen, or 1.5%, higher at 243.2 yen ($2.3) per kg. It hit the highest since Jan. 18 of 244.5 yen earlier in the session.
Oil prices hit a more than one-year high on Monday, with Brent nudging past $60 a barrel.

Published 08 Feb, 2021 04:55pm

Commodities

CBOT wheat may test support at $6.36-1/4

Until the contract gets out of a range of $6.29 to $6.53-1/2, the trending signal may remain mixed.

Published 08 Feb, 2021 01:16pm

Commodities

Ukraine sunoil export prices down over past week

The consultancy last month increased its forecast for Ukraine's sunoil production and exports for the 2020/21 season to 6.219 million tonnes and 5.780 million tonnes, respectively.

Published 08 Feb, 2021 01:12pm

Commodities

LME copper may rise into $8,096-$8,200 range this week

A bullish wedge has been confirmed. It signals a continuation of the uptrend.

Published 08 Feb, 2021 01:08pm

Commodities

LME aluminium may test resistance at $2,032

The drop from the Dec. 17 high of $2,096 may have completed at the Jan. 19 low of $1,945.

Published 08 Feb, 2021 01:06pm

Commodities

Buyers shun major Malaysian palm oil producers after forced labour allegations

"Buyers are waiting for proof from CBP (the US customs authority) before taking further action... We are making contingency plans to look for alternative suppliers if the situation worsens," one trader said.

Published 08 Feb, 2021 12:46pm

Commodities

Corn inches higher, lingers near 2013 high on Chinese demand

The USDA reported daily export sales of 101,600 tonnes for delivery to unknown destinations during the 2020/2021 marketing year.

Published 08 Feb, 2021 11:27am

Commodities

Palm oil gains for third day on expectations of weak January supply

The contract fell 3.3% last week.

Published 08 Feb, 2021 11:12am

Commodities

Soybeans rebound on hopes of strong demand, corn near 2013 high

In Argentina, the Buenos Aires Grains Exchange on Thursday cut its 2020/21 corn crop forecast by 1 million tonnes to 46 million tonnes, citing lower-than-expected yields caused by dry weather.

Published 08 Feb, 2021 11:08am

Commodities

China to sell 2,000 T of beef, mutton from reserves on Feb 10

The government has stepped up sales of reserve meat ahead of the Lunar New Year holiday .

Published 08 Feb, 2021 11:06am

Commodities

China demand prospects lift iron ore in light pre-holiday trade

Rebar on the Shanghai Futures Exchange rose 2.3% by 0330 GMT and hot-rolled coil jumped 3.1%, both also up for a third straight session. Stainless steel gained 0.2%.

Published 08 Feb, 2021 11:02am

Commodities

Cocoa prices seen falling below current levels at end of 2021

"Origins are behind on selling and the current market dynamics does not encourage (industry) buying early," said an industry source.

Published 08 Feb, 2021 10:43am

Commodities

Palm oil may retreat to 3,322 ringgit

On the daily chart, the contract managed to hover above a rising trendline.

Published 08 Feb, 2021 10:31am

Commodities

CBOT soybeans may drop to $13.57-3/4

A downwards wave C could be progressing, which is capable of traveling far below $12.98. A break above $13.80-1/2 could lead to a gain to $13.94-3/4.

Published 08 Feb, 2021 10:28am

Commodities

Copper rises as US stimulus optimism raises demand, recovery hopes

A $1.9-trillion COVID-19 aid package could be passed by US lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

Published 08 Feb, 2021 10:24am

Commodities

Prices of essential food items fall slightly in local market

PESHAWAR: Prices of essential food commodities, except live chicken/meat, sugar, cooking oil/ghee, have dropped...

Published 08 Feb, 2021 03:46am

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 4	369.06
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
Diesel/Litre / Nov 4	391.52
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)	8.81 ▲ 0.94 (11.94%)
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%)
Ningbo Green Light / Nov 4 Ningbo Green Light Energy Limited(NGLEL)	12.44 ▼ -1.38 (-9.99%)
Select Technologies / Nov 4 Select Technologies Limited(SELECT)	21.82 ▼ -2.42 (-9.98%)
Mughal Energy / Nov 4 Mughal Energy Limited(GEM)(GEMMEL)	32.30 ▼ -2.95 (-8.37%)
Bawany Air Products / Nov 4 Bawany Air Products Limited(BAPL)	15.15 ▼ -1.23 (-7.51%)
Arctic Textile / Nov 4 Arctic Textile Mills Limited(ARCTM)	74 ▼ -4.74 (-6.02%)
Ideal Dynamics / Nov 4 Ideal Dynamics Limited(IDEAL)	56 ▼ -2.96 (-5.02%)
Premier Insurance (R) / Nov 4 Premier Insurance Limited (RIGHT)(PINLR)	0.76 ▼ -0.04 (-5%)

Stock	Volume
TPL Properties / Nov 4 TPL Properties Limited(TPLP)	64,440,274 ▲ 0.63
B.O.Punjab / Nov 4 The Bank of Punjab(BOP)	57,675,600 ▲ 2.81
Cnergyico PK / Nov 4 Cnergyico PK Limited(CNERGY)	47,494,545 ▲ 0.18
Pervez Ahmed Consultancy / Nov 4 Pervez Ahmed Consultancy Services Ltd.(PASL)	42,655,200 ▲ 1
WorldCall Telecom / Nov 4 Worldcall Telecom Limited(WTL)	26,618,991 -
Maple Leaf Cement / Nov 4 Maple Leaf Cement Factory Limited(MLCF)	20,908,708 ▲ 4.42
Bawany Air Products (R) / Nov 4 Bawany Air Products Limited Right(BAPLR1)	16,668,813 ▼ -1
Pak Elektron / Nov 4 Pak Elektron Limited(PAEL)	15,845,534 ▲ 1.02
Select Technologies / Nov 4 Select Technologies Limited(SELECT)	13,848,917 ▼ -2.42
Beco Steel Ltd / Nov 4 Beco Steel Limited(BECO)	13,841,586 ▲ 0.31

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