AGL 24.40 Increased By ▲ 1.46 (6.36%)
AIRLINK 109.29 Decreased By ▼ -2.00 (-1.8%)
BOP 5.29 Increased By ▲ 0.04 (0.76%)
CNERGY 3.67 Decreased By ▼ -0.05 (-1.34%)
DCL 8.00 Increased By ▲ 0.01 (0.13%)
DFML 44.30 Increased By ▲ 4.03 (10.01%)
DGKC 88.80 Increased By ▲ 0.80 (0.91%)
FCCL 21.99 No Change ▼ 0.00 (0%)
FFBL 42.28 Increased By ▲ 0.08 (0.19%)
FFL 8.90 Increased By ▲ 0.35 (4.09%)
HUBC 151.70 Decreased By ▼ -1.59 (-1.04%)
HUMNL 10.35 Decreased By ▼ -0.10 (-0.96%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 3.95 Increased By ▲ 0.10 (2.6%)
MLCF 36.60 Decreased By ▼ -0.20 (-0.54%)
NBP 49.16 Increased By ▲ 1.17 (2.44%)
OGDC 131.70 Decreased By ▼ -0.10 (-0.08%)
PAEL 26.31 Increased By ▲ 0.16 (0.61%)
PIBTL 6.07 Increased By ▲ 0.04 (0.66%)
PPL 115.45 Decreased By ▼ -0.05 (-0.04%)
PRL 22.67 Increased By ▲ 0.07 (0.31%)
PTC 12.50 Decreased By ▼ -0.08 (-0.64%)
SEARL 56.19 Increased By ▲ 0.50 (0.9%)
TELE 7.40 Increased By ▲ 0.20 (2.78%)
TOMCL 37.69 Increased By ▲ 0.69 (1.86%)
TPLP 8.34 Increased By ▲ 0.49 (6.24%)
TREET 15.33 Increased By ▲ 0.03 (0.2%)
TRG 59.96 Increased By ▲ 5.41 (9.92%)
UNITY 32.34 Increased By ▲ 0.48 (1.51%)
WTL 1.18 Increased By ▲ 0.01 (0.85%)
BR100 8,408 Increased By 63.1 (0.76%)
BR30 26,449 Increased By 101.3 (0.38%)
KSE100 79,397 Increased By 409.9 (0.52%)
KSE30 25,518 Increased By 153.1 (0.6%)

TOKYO: Japanese rubber futures ended higher on Tuesday, after hitting their lowest in over 10 months recovering from earlier losses, as investors scooped up bargains following four consecutive days of losses.

Osaka Exchange’s rubber contract for February delivery finished 0.7 yen, or 0.3%, higher at 206.9 yen ($1.9) per kg. It slid to 201.9 yen earlier in the session, the lowest since Oct. 19 last year.

Data showed China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace, while activity in the services sector contracted.

“Growing concerns over slowing economic growth in China have weighed on market sentiment in the past few days and early trade today, but investors started bargain-hunting in late session,” a Tokyo-based dealer said.

“We expect the markets to regain some ground going forward as they look to have been oversold and the prices tend to rebound after summer,” he said.

The rubber contract on the Shanghai futures exchange for January delivery fell 20 yuan to finish at 13,845 yuan ($2,143) per tonne.

The front-month rubber contract on Singapore’s SICOM exchange for September delivery last traded at 162.5 US cents per kg, down 0.3%.

Comments

Comments are closed.