AGL 7.09 Increased By ▲ 0.06 (0.85%)
ANL 10.55 Decreased By ▼ -0.20 (-1.86%)
AVN 76.65 Decreased By ▼ -0.65 (-0.84%)
BOP 5.52 Increased By ▲ 0.03 (0.55%)
CNERGY 5.23 Decreased By ▼ -0.03 (-0.57%)
EFERT 88.45 Decreased By ▼ -0.05 (-0.06%)
EPCL 74.55 Decreased By ▼ -0.35 (-0.47%)
FCCL 13.62 Decreased By ▼ -0.03 (-0.22%)
FFL 6.60 Decreased By ▼ -0.02 (-0.3%)
FLYNG 7.19 No Change ▼ 0.00 (0%)
GGGL 10.90 No Change ▼ 0.00 (0%)
GGL 16.54 Increased By ▲ 0.02 (0.12%)
GTECH 8.63 Decreased By ▼ -0.06 (-0.69%)
HUMNL 6.90 Decreased By ▼ -0.04 (-0.58%)
KEL 2.87 Increased By ▲ 0.01 (0.35%)
LOTCHEM 25.95 Increased By ▲ 0.70 (2.77%)
MLCF 25.70 Decreased By ▼ -0.09 (-0.35%)
OGDC 77.41 Increased By ▲ 0.01 (0.01%)
PAEL 15.55 Decreased By ▼ -0.07 (-0.45%)
PIBTL 6.04 Increased By ▲ 0.06 (1%)
PRL 16.90 Decreased By ▼ -0.29 (-1.69%)
SILK 1.25 Decreased By ▼ -0.01 (-0.79%)
TELE 10.75 No Change ▼ 0.00 (0%)
TPL 9.13 Increased By ▲ 0.03 (0.33%)
TPLP 19.74 Decreased By ▼ -0.11 (-0.55%)
TREET 28.70 Decreased By ▼ -0.08 (-0.28%)
TRG 77.06 Increased By ▲ 0.05 (0.06%)
UNITY 19.94 No Change ▼ 0.00 (0%)
WAVES 12.65 No Change ▼ 0.00 (0%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 4,072 Increased By 0.1 (0%)
BR30 14,885 Decreased By -5.1 (-0.03%)
KSE100 41,139 Decreased By -20.4 (-0.05%)
KSE30 15,646 Decreased By -14 (-0.09%)

JOHANNESBURG: South Africa’s rand rose in early trade on Wednesday, supported by higher commodity prices, but gains were limited by investor concerns over fast-paced developments around the Ukraine crisis and deeper power outages by local utility Eskom.

At 0630 GMT, the rand traded at 15.2575 against the dollar, 0.25% firmer than its previous close.

South Africa’s higher exposure to commodities including gold, platinum and palladium has helped limit losses in the currency, as the Russia-Ukraine conflict saps investors’ appetite for riskier assets.

Gold held ground after rising to a 19-month peak on Tuesday, while palladium and platinum gained.

Back home, Eskom said it aimed to nearly double the extent of power cuts after suffering more breakdowns at generation units. Frequent power outages have constrained South Africa’s economic growth in recent years.

In fixed income, the yield on the benchmark 2030 government bond was down 4.5 basis points to 10.215%, reflecting firmer prices.

Comments

Comments are closed.