AVN 70.73 ▲ 4.43 (6.68%)

BOP 9.55 ▼ -0.24 (-2.45%)

CHCC 129.25 ▼ -0.65 (-0.5%)

DCL 11.40 ▼ -0.07 (-0.61%)

DGKC 110.95 ▼ -0.35 (-0.31%)

EFERT 59.80 ▼ -0.94 (-1.55%)

EPCL 44.70 ▲ 1.20 (2.76%)

FCCL 20.83 ▼ -0.57 (-2.66%)

FFL 18.19 ▼ -1.21 (-6.24%)

HASCOL 21.13 ▼ -0.75 (-3.43%)

HBL 132.05 ▼ -1.40 (-1.05%)

HUBC 82.14 ▼ -2.11 (-2.5%)

HUMNL 8.01 ▼ -0.42 (-4.98%)

JSCL 27.39 ▼ -0.16 (-0.58%)

KAPCO 26.36 ▼ -1.14 (-4.15%)

KEL 4.13 ▼ -0.20 (-4.62%)

LOTCHEM 12.93 ▼ -0.29 (-2.2%)

MLCF 38.99 ▼ -0.11 (-0.28%)

OGDC 109.27 ▼ -2.08 (-1.87%)

PAEL 37.97 ▼ -0.28 (-0.73%)

PIBTL 13.42 ▼ -0.46 (-3.31%)

PIOC 95.75 ▼ -0.41 (-0.43%)

POWER 9.14 ▼ -0.25 (-2.66%)

PPL 96.16 ▼ -2.19 (-2.23%)

PSO 201.51 ▼ -3.39 (-1.65%)

SNGP 64.34 ▼ -0.36 (-0.56%)

STPL 13.25 ▼ -0.29 (-2.14%)

TRG 56.88 ▲ 0.32 (0.57%)

UNITY 18.06 ▼ -0.92 (-4.85%)

WTL 1.22 ▼ -0.04 (-3.17%)

BR100 4,360 ▼ -42.61 (-0.97%)

BR30 22,212 ▼ -234.84 (-1.05%)

KSE100 41,829 ▼ -345.22 (-0.82%)

KSE30 17,697 ▼ -193.23 (-1.08%)

COVID-19 TOTAL ▲ DAILY

CASES 288,047 ▲ 747

DEATHS 6,162 ▲ 9

RECOVERIES 265,624

Business Recorder

Sep 22, 2020 PRINT EDITION ► BR MARKETS ►

<<

Gold drops as dollar surges to six-week high

Commodities

Gold drops as dollar surges to six-week high

Spot gold fell 0.9pc to $1,895.38 per ounce by 0738 GMT. Prices fell more than 3pc to $1,882.70 on Monday, the lowest level since Aug. 12.

Published 22 Sep, 2020 04:25pm

Ukraine's 2020 soybeans crop to fall by 19pc

Commodities

Ukraine's 2020 soybeans crop to fall by 19pc

The association last week revised down its forecast for Ukraine's 2020, sunflower seed output to 14-15 million tonnes from the previous estimate of 15 million because of poor weather.

Published 22 Sep, 2020 04:07pm

South Korea's MFG passes in 70,000 T feed wheat tender

Commodities

South Korea's MFG passes in 70,000 T feed wheat tender

The tender had sought wheat sourced from worldwide origins for arrival in South Korea around Jan. 30, 2021.

Published 22 Sep, 2020 03:21pm

S.Korea's KFA bought about 65,000 tonnes corn in private deal

Commodities

S.Korea's KFA bought about 65,000 tonnes corn in private deal

The corn was purchased at an estimated $229.00 a tonne c&f for shipment from Brazil between Oct. 15 and Nov. 15. Seller was believed to be trading house Midstar.

Published 22 Sep, 2020 03:18pm

Oil rises as U.S. storm eases, but demand worries linger

Commodities

Oil rises as U.S. storm eases, but demand worries linger

U.S. West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel at 0224 GMT.

Published 22 Sep, 2020 10:17am

Business Recorder

Commodities

Palm oil ends 4-day rally

KUALA LUMPUR: Malaysian palm oil futures took a breather on Monday after a four-day rally, falling more than 2% on...

Published 22 Sep, 2020 02:39am

Business Recorder

Commodities

Gold, silver slide in New York

NEW YORK: Gold slumped over 3% on Monday, sliding to its lowest level in more than a month, as a broader market...

Published 22 Sep, 2020 02:39am

Business Recorder

Commodities

PMEX daily trading report

KARACHI: On Friday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.591 billion and...

Published 22 Sep, 2020 02:39am

Business Recorder

Commodities

Indian gold dealers bank on festivals to bring back customers

MUMBAI: Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a...

Published 22 Sep, 2020 02:39am

Business Recorder

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 22 Sep, 2020 02:39am

Gold slides 3pc on strong dollar, stimulus concerns; silver tumbles

Commodities

Gold slides 3pc on strong dollar, stimulus concerns; silver tumbles

Silver down more than 9%, platinum more than 6%.
Dollar on track to post best day since March 19.
Close above $1,900/oz needed for a short-term reprieve –analyst.

Published 22 Sep, 2020 02:00am

Wheat, soybeans and corn fall sharply on fund selling

Commodities

Wheat, soybeans and corn fall sharply on fund selling

The grains, led by a 3.7% drop in wheat that marked its biggest daily percentage decline since August 2019.
Strong demand from China had pushed soybeans to their highest in more than two years last week.

Published 22 Sep, 2020 01:44am

US Cash Grains-Soy processor bids ease as harvest gets rolling

Commodities

US Cash Grains-Soy processor bids ease as harvest gets rolling

Corn basis bids weakened at ethanol production sites as well.
Corn processor bids were steady to weaker, with a Cedar Rapids, Iowa, location dropping its basis by 3 cents per bushel.

Published 21 Sep, 2020 11:54pm

Gold miners insist they won't splurge despite price surge

Commodities

Gold miners insist they won't splurge despite price surge

Miners are opting to give more cash back to shareholders rather than plotting takeovers.
We don't need to, and will not be, chasing volume," Newmont Chief Executive Tom Palmer told the Gold Forum Americas conference.

Published 22 Sep, 2020 12:05am

Cotton futures drop to over one-week low as equities slide

Commodities

Cotton futures drop to over one-week low as equities slide

Cotton contracts for December fell 0.46 cent, or 0.7%, at 65.20 cents per lb.
We are seeing a sell-off across most of the commodities and stock markets today so there is some carryover from that.

Published 21 Sep, 2020 11:53pm

Ukraine 2020/21 grain exports down 14pc so far

Commodities

Ukraine 2020/21 grain exports down 14pc so far

The volume is down because of a decline in corn sales to 613,000 tonnes, against about 1.93 million tonnes at the same point of last season.

Published 21 Sep, 2020 07:32pm

Arabica coffee extends losses after biggest weekly fall in 22 years

Commodities

Arabica coffee extends losses after biggest weekly fall in 22 years

ICE speculators increased their bullish bet in arabica by 2,440 contracts to a total net long position of 35,532 contracts in the week to Sept. 15, data showed.

Published 21 Sep, 2020 05:50pm

CBOT wheat faces resistance at $5.77-1/4

Commodities

CBOT wheat faces resistance at $5.77-1/4

The resistance is identified as the 61.8pc projection level of an upward wave (c) from $5.33-1/4.

Published 21 Sep, 2020 05:05pm

Saudi Arabia's SAGO buys 540,000 tonnes of barley

Commodities

Saudi Arabia's SAGO buys 540,000 tonnes of barley

The barley had been sought from global suppliers for arrival in Saudi Arabia during November and December.

Published 21 Sep, 2020 04:56pm

LME aluminium may test resistance at $1,811

Commodities

LME aluminium may test resistance at $1,811

The resistance is identified as the 138.2pc projection level of an upward wave C from $1,562.

Published 21 Sep, 2020 03:47pm

Russian wheat prices up sharply on strong demand, higher global benchmarks

Commodities

Russian wheat prices up sharply on strong demand, higher global benchmarks

Sovecon, another Moscow consultancy, pegged wheat up $6 at $228 a tonne at the end of last week and barley up $3 at $192 a tonne.

Published 21 Sep, 2020 03:05pm

Oil prices steady as third storm in month takes aims at U.S.

Commodities

Oil prices steady as third storm in month takes aims at U.S.

Brent crude was up 9 cents, or 0.2%, at $43.24 a barrel by 0230 GMT, while U.S. crude was up 10 cents, or 0.2%, to $42.21 a barrel.

Published 21 Sep, 2020 10:25am

Oil refiners worldwide struggle with weak demand, inventory glut

Commodities

Oil refiners worldwide struggle with weak demand, inventory glut

Refiners cut output by as much as 35% in spring as coronavirus lockdowns destroyed the need for travel.

Published 21 Sep, 2020 10:13am

Business Recorder

Commodities

Sharp increase in prices of sugar, flour and chicken witnessed

PESHAWAR: A steep increase in prices of sugar, flour, chicken meat, pulses, vegetables, fruits and others was...

Published 21 Sep, 2020 03:09am

Business Recorder

Commodities

Gold's price up

KARACHI: Gold on Saturday grew to Rs114900 per tola on the local market, up by Rs200, traders said. The precious...

Published 20 Sep, 2020 02:45am

Business Recorder

Commodities

Price of essential kitchen items witness upward trend

ISLAMABAD: Prices of essential kitchen items especially, vegetables, chicken, eggs, and sugar continued witnessing ...

Published 20 Sep, 2020 02:45am

Business Recorder

Commodities

Government urged to fix price of crops before cultivation

LAHORE: Kissan Ittehad North Punjab President Chaudhry Rauf Tatlah have urged the Government to fix prices of...

Published 19 Sep, 2020 02:44am

Business Recorder

Commodities

Gold climbs in New York

NEW YORK: Gold prices rose on Friday, en route to a second straight weekly gain, as the dollar weakened and on...

Published 19 Sep, 2020 02:44am

Business Recorder

Commodities

Copper hits two-year peak

LONDON: Copper touched its highest in more than two years on Friday as speculators extended their buying spree on a...

Published 19 Sep, 2020 02:44am

Business Recorder

Commodities

Palm oil logs highest weekly gain in five years

KUALA LUMPUR: Malaysian palm oil futures rose over 3% on Friday, logging their biggest weekly jump in five years,...

Published 19 Sep, 2020 02:44am

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Sep 22 First Equity Modaraba(FEM)	4.1900 ▲ 0.49 (13.24%)
Flying Cement Ltd / Sep 22 Flying Cement Company Limited(FLYNG)	10.9875 ▲ 0.71 (4.57%)
Ist Paramount / Sep 22 First Paramount Modaraba(FPRM)	6.3000 ▲ 0.31 (2.67%)
TPL Trakker / Sep 22 TPL Trakker Limited(TPLT)	10.2000 ▲ 0.22 (2.20%)
First Credit & Inv. / Sep 22 First Credit and Investment Bank Limited(FCIBL)	18.3900 ▲ 0.39 (2.17%)
P. Datacom / Sep 22 Pak Datacom Limited(PAKD)	66.3050 ▲ 1.61 (0.46%)
Grays Leas. / Sep 22 Grays Leasing Limited(GRYL)	7.1000 ▲ 0.11 (0.29%)
Rupali / Sep 22 Rupali Polyester Limited(RUPL)	19.4500 ▼ 0.00 (0.00%)
Popular Islamic Mod. / Sep 22 Popular Islamic Modaraba(PIM)	6.0100 ▼ 0.00 (0.00%)
A. Shah Ghazi / Sep 22 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	3.0000 ▼ 0.00 (0.00%)

Stock	Price
PICIC Insurance / Sep 22 PICIC Insurance Limited(PIL)	1.3300 ▼ 0.26 (-19.55%)
Reliance Ins. / Sep 22 Reliance Insurance Company Limited(RICL)	7.2500 ▼ 1.09 (-12.00%)
Shaheen Ins. / Sep 22 Shaheen Insurance Company Limited(SHNI)	4.5000 ▼ 0.49 (-10.89%)
Bilal Fibres / Sep 22 Bilal Fibres Limited(BILF)	1.6900 ▼ 0.18 (-10.65%)
Pak Gen. Ins. / Sep 22 The Pakistan General Insurance Co. Ltd.(PKGI)	2.8000 ▼ 0.29 (-10.36%)
Trust Mod. / Sep 22 Trust Modaraba(TRSM)	2.2700 ▼ 0.22 (-9.69%)
Pervez Ahmed Cons. / Sep 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.1400 ▼ 0.12 (-9.65%)
First Cap. Sec. / Sep 22 First Capital Securities Corporation(FCSC)	1.7500 ▼ 0.17 (-9.20%)
First Prud Mod. / Sep 22 First Prudential Modaraba(PMI)	1.9250 ▼ 0.51 (-8.28%)
Dewan Farooque Motors / Sep 22 Dewan Farooque Motors Limited(DFML)	9.6000 ▼ 0.95 (-8.27%)

Stock	Volume
Aisha Steel / Sep 22 Aisha Steel Mills Limited(ASL)	41,892,500 ▼ 0.87
Unity Foods / Sep 22 Unity Foods Limited(UNITY)	33,041,500 ▼ 1.31
Fauji Foods / Sep 22 Fauji Foods Limited(FFL)	23,223,000 ▼ 1.68
K-Electric Ltd / Sep 22 K-Electric Limited(KEL)	19,487,500 ▼ 0.24
Pak Int.Bulk Ter / Sep 22 Pakistan International Bulk Terminal Limited(PIBTL)	18,452,000 ▼ 0.58
Hascol Petroleum / Sep 22 Hascol Petroleum Limited(HASCOL)	14,587,000 ▼ 1.07
SILKBANK / Sep 22 Silkbank Limited(SILK)	12,752,500 ▼ 0.08
P.T.C.L.A / Sep 22 Pakistan Telecommunication Company Ltd(PTC)	10,387,000 ▼ 0.51
Pak Stock Exchange / Sep 22 Pakistan Stock Exchange Limited(PSX)	7,843,500 ▼ 1.28
Nat. Bank / Sep 22 National Bank of Pakistan(NBP)	6,774,500 ▼ 0.82

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 22	166.40
USD PKR Interbank Buying / Sep 22	166.30
USD to Japanese Yen / Sep 22	104.70
USD to Swiss Franc / Sep 22	0.91
Pound Sterling to USD / Sep 22	1.28
Euro to USD / Sep 22	1.18

Stock	Volume
S&P 500 / Sep 22	3281.06
India Sensex / Sep 22	38034.14
Tokyo Nikkei / Sep 22	23360.30
Nasdaq / Sep 22	10778.80
Hang Seng / Sep 22	23950.69
FTSE 100 / Sep 22	5804.29
Dow Jones / Sep 22	27147.70
Germany DAX 30 / Sep 22	12542.44
France CAC40 / Sep 22	4792.04

Indicator	Value
Weekly Foreign Reserves / Sep 22	19959.00
UK LIBOR / Sep 22	0.08
GDPGROWTH / Sep 22	5.40
Foreign Debt / Sep 22	15087.50
Per Capita Income (CPI) / Sep 22	1516.00
Average CPI / Sep 22	11.11

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