News Archives for Markets - 2021-05-19

<<>>

Commodities

Gold jumps as stocks slip on inflation fears; Fed minutes eyed

Spot gold was 0.9pc higher at $1,884.46 by 12:17 p.m. EDT (1617 GMT), having earlier hit its highest since Jan. 8 at $1,889.75. U.S. gold futures gained 0.9pc to $1,885.50.

Published 19 May, 2021 10:59pm

Commodities

Guatemala's coffee exports to fall up to 3pc this season

International arabica futures prices are on a tear at the moment, trading near four-year highs mostly because of falling output in Brazil, which accounts for up to half of the world's arabica supply.
"(We've) been having labor shortages over the last couple of harvests. Low prices play a role, its hard to improve wages," Juan Luis Barrios, president of Anacafe, told.

Published 19 May, 2021 08:54pm

Commodities

Chile's Cochilco revises copper price to $4.30 on expected deficit

Cochilco said that increased speculation in the market was playing a role in bolstering copper, adding: "This could push the price to new highs in the short term."
The commission also predicted that copper production out of Chile would hit close to 5.8 million tonnes this year, a year-on-year increase of 1.8%, but below its previous forecast of just under 6 million tonnes.

Published 19 May, 2021 07:56pm

Commodities

Sugar, coffee and cocoa fall as commodity markets tumble

July raw sugar fell by 0.21 cent, or 1.2%, to 17.00 cents per lb.
July arabica coffee was down 2.45 cents, or 1.6%, at $1.5035 per lb.

Published 19 May, 2021 07:32pm

Commodities

China says it will stabilise commodity market, step up trade and stockpiling adjustment

Prices for commodities such as steel, iron ore and copper have surged this year fueled by post-lockdown recoveries and easing liquidity globally.
The country also urged coal producers to boost production "in the premise of ensuring safety" to meet peak demand in summer, the cabinet said.

Published 19 May, 2021 06:31pm

Commodities

Germany's 2021 wheat and rapeseed harvest seen up on year

The association forecast Germany's 2021 winter rapeseed crop will rise 3.1% from last summer's crop to 3.62 million tonnes.

Published 19 May, 2021 06:02pm

Commodities

Gold slips as dollar bounces before latest Fed minutes

Having risen for four sessions to its highest since Jan. 29 at $1,874.80 on Tuesday, spot gold fell 0.5% to $1,859.19 per ounce.
"I would say that part of the recent countermove or today's countermove is some profit taking, partly driven also by a small rebound of the US dollar."

Published 19 May, 2021 05:45pm

Commodities

Copper sinks as inflation fears eclipse South American political risk

Benchmark three-month copper on the London Metal Exchange (LME) shed 2.6% to $10,136 a tonne.
The metal, widely used in the power and construction industries, was on track for its biggest daily fall since February. Last week, copper hit a record of $10,747.50 a tonne and has jumped 32% so far this year.

Published 19 May, 2021 05:25pm

Commodities

Corn dips after two-day gain, tightening supplies limit losses

Corn eases after gaining more than 2% in last two days.
Wheat drops for third day, soybeans lose more ground.

Published 19 May, 2021 05:23pm

Commodities

Palm slips 3.5pc on higher export tax reference price, weaker rivals

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down 157 ringgit, or 3.52%, at 4,300 ringgit ($1,039.65) a tonne, its biggest one-day percentage fall in seven weeks.

Published 19 May, 2021 05:05pm

Commodities

Ivory Coast cocoa grinding could drop 40% in May due to power outages

Grinders will be allowed to export and process their beans elsewhere, likely in their European or US factories.

Updated 19 May, 2021 02:55pm

Commodities

Wheat tour finds above-average crops in northern Kansas

Scouts will tour fields in southwestern and south-central Kansas on Wednesday before releasing a final yield forecast for the state on Thursday.

Published 19 May, 2021 12:51pm

Commodities

Taiwan's MFIG buys about 65,000 tonnes corn from Argentina

Seller was believed to be trading house Cargill, they said.

Published 19 May, 2021 12:37pm

Commodities

Corn rises after another sale to China; wheat, soybeans fall

CBOT July soybean futures ended down 13-1/4 cents at $15.74-1/4 a bushel, settling below its 10-day moving average for the first time in five weeks.

Published 19 May, 2021 12:12pm

Commodities

Palm oil may fall to 4,273 ringgit

On the daily chart, the contract reapproached a strong resistance zone of 4,486 ringgit to 4,576 ringgit, formed by the 2008 high and a 161.8% projection level.

Published 19 May, 2021 12:08pm

Commodities

Copper eases as Glencore plans to restart Mutanda mine in 2022

The move could potentially cap further gains in the metal, which hit a record high last week.

Published 19 May, 2021 11:58am

Commodities

CBOT soybeans may test support at $15.58-1/2

The contract consolidated above a support at $15.79-1/4 for a few days. It is facing a stronger support at $15.58-1/2, which may hold and trigger a bounce as well.

Published 19 May, 2021 11:42am

Commodities

Palm drops after sharp climb as crude, weaker edible oils weigh

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 19 May, 2021 11:39am

Commodities

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.923...

Published 19 May, 2021 06:00am

Commodities

China to ensure iron ore, steel market stability

BEIJING: China’s state planner said on Tuesday it and market regulators were looking into the steel and iron ore...

Published 19 May, 2021 06:00am

Commodities

Cotton rises on lower dollar; West Texas weather in focus

The dollar fell 0.4pc making greenback denominated U.S cotton cheaper for buyers in other currencies.

Published 19 May, 2021 12:17am

Commodities

Gold edges closer to 4-month high on weaker dollar, inflation fears

Gold is also getting support from chart-based buyers after bullion broke above its 200-day moving average, considered to be a bullish signal.

Published 19 May, 2021 12:00am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 6	276.86 ▼ -0.01
USD PKR Interbank Buying / Nov 6	276.66 ▼ -0.01
USD to Japanese Yen / Nov 6	158.48 ▲ 0.94
USD to Swiss Franc / Nov 6	0.82 ▲ 0.0045
Pound Sterling to USD / Nov 6	1.34 ▼ -0.01
Euro to USD / Nov 6	1.11 ▼ -0.0077
SOFR % / Nov 5	3.92 ▼ -0.02

Stock	Volume
S&P 500 / Nov 6	7,376.66
India Sensex / Nov 6	81,028.02
Tokyo Nikkei / Nov 6	57,434.77
Nasdaq / Nov 6	24,579.42
Hang Seng / Nov 6	24,481.86
FTSE 100 / Nov 6	10,673.94
Dow Jones / Nov 6	51,285.73
Germany DAX 30 / Nov 6	25,820.36
France CAC40 / Nov 6	8,139

Item	Value
Petrol/Litre / Nov 8	346
Diesel/Litre / Nov 8	378
Crude Oil USD/Barrel / Nov 6	90.83
Karachi Cotton PKR/37.32 KG / Nov 6	18,080
Gold 10 Grams PKR / Nov 6	367,914
Gold Spot USD/Ounce / Nov 6	4,070.80
Cotton US¢/pound / Nov 6	82.79

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Nov 6 Chenab Limited (Pref)(CLCPS)	4.72 ▲ 0.72 (18%)
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%)
LSE Financial Serv. / Nov 6 LSE Financial Services Limited(LSEFSL)	2.63 ▲ 0.29 (12.39%)
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)	0.03 ▼ -0.59 (-95.16%)
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)	201.59 ▼ -20.8 (-9.35%)
Unicap Modaraba / Nov 6 Unicap Modaraba(UCAPM)	19.06 ▼ -1.52 (-7.39%)
Premier Insurance (R) / Nov 6 Premier Insurance Limited (RIGHT)(PINLR)	0.65 ▼ -0.05 (-7.14%)
Pak Leather Crafts / Nov 6 Pak Leather Crafts Limited(PAKL)	67.54 ▼ -4.94 (-6.82%)
Universal Ins. / Nov 6 The Universal Insurance Company Limited(UVIC)	18.98 ▼ -1.24 (-6.13%)
Paramount Mod / Nov 6 First Paramount Modaraba(FPRM)	13.55 ▼ -0.82 (-5.71%)
Paramount Spinning / Nov 6 Paramount Spinning Mills Limited(PASM)	9.43 ▼ -0.57 (-5.7%)

Stock	Volume
Bawany Air Products (R) / Nov 6 Bawany Air Products Limited Right(BAPLR1)	687,381,117 ▼ -0.59
Tasdeeq Info. Serv. / Nov 6 Tasdeeq Information Services Limited(TISL)	140,783,607 ▲ 0.29
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	72,154,825 ▲ 0.08
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	47,939,154 ▲ 0.04
Media Times Ltd / Nov 6 Media Times Limited(MDTL)	41,329,381 ▼ -0.07
TPL Properties / Nov 6 TPL Properties Limited(TPLP)	25,069,293 ▲ 0.25
Trust Sec.& Brok. / Nov 6 Trust Securities & Brokerage Limited(TSBL)	24,996,297 ▲ 0.04
Pervez Ahmed Consultancy / Nov 6 Pervez Ahmed Consultancy Services Ltd.(PASL)	24,970,440 ▲ 1
Ist.Capital Sec / Nov 6 First Capital Securities Corporation(FCSC)	21,500,857 ▲ 0.23
B.O.Punjab / Nov 6 The Bank of Punjab(BOP)	21,284,920 ▼ -0.76

Most Popular