AIRLINK 65.31 Decreased By ▼ -0.59 (-0.9%)
BOP 5.69 No Change ▼ 0.00 (0%)
CNERGY 4.55 Decreased By ▼ -0.10 (-2.15%)
DFML 22.92 Increased By ▲ 0.07 (0.31%)
DGKC 70.32 Decreased By ▼ -0.38 (-0.54%)
FCCL 20.56 Increased By ▲ 0.21 (1.03%)
FFBL 28.50 Decreased By ▼ -0.61 (-2.1%)
FFL 9.80 Decreased By ▼ -0.13 (-1.31%)
GGL 10.08 No Change ▼ 0.00 (0%)
HBL 115.49 Increased By ▲ 0.24 (0.21%)
HUBC 129.25 Decreased By ▼ -0.25 (-0.19%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.47 Increased By ▲ 0.09 (2.05%)
KOSM 5.01 Decreased By ▼ -0.01 (-0.2%)
MLCF 37.19 Increased By ▲ 0.23 (0.62%)
OGDC 131.75 Increased By ▲ 0.55 (0.42%)
PAEL 22.62 Increased By ▲ 0.14 (0.62%)
PIAA 25.63 Decreased By ▼ -0.67 (-2.55%)
PIBTL 6.45 Decreased By ▼ -0.08 (-1.23%)
PPL 112.24 Increased By ▲ 0.12 (0.11%)
PRL 28.19 Decreased By ▼ -0.20 (-0.7%)
PTC 15.60 Decreased By ▼ -0.51 (-3.17%)
SEARL 57.38 Decreased By ▼ -0.91 (-1.56%)
SNGP 65.75 Increased By ▲ 0.06 (0.09%)
SSGC 10.95 Decreased By ▼ -0.07 (-0.64%)
TELE 8.87 Decreased By ▼ -0.07 (-0.78%)
TPLP 11.80 Increased By ▲ 0.27 (2.34%)
TRG 69.00 Decreased By ▼ -0.24 (-0.35%)
UNITY 23.62 Decreased By ▼ -0.33 (-1.38%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,291 Decreased By -12.5 (-0.17%)
BR30 23,955 Increased By 4.8 (0.02%)
KSE100 70,290 Decreased By -43.8 (-0.06%)
KSE30 23,093 Decreased By -27.8 (-0.12%)

TORONTO: Canada’s main stock index rose on Tuesday as surging gold and crude prices boosted materials and energy stocks, with investor focus now on the Bank of Canada policy meeting later this week.

At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 122.14 points, or 0.56%, at 21,912.63.

Nine of the 10 major Canadian sector indexes rose. The energy sector climbed 2.5% tracking crude prices, which gained over 5%, as concerns about Chinese demand eased after Shanghai relaxed some COVID-19-related curbs and OPEC warned of tight supply. The financials sector gained 0.2%, while the industrials sector added 0.6%.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.8% as gold futures rose 1.4% to $1,971.8 an ounce.

The Nasdaq led gains on the Wall Street after data showed US consumer prices rose largely-in line with estimates, although the core print came in softer-than-expected. Investors have been bracing for the Federal Reserve and the Bank of Canada to move aggressively to tamp down inflation.

Comments

Comments are closed.