LONDON: Funds have been reducing their bets on lower copper prices as macroeconomic headwinds abate and the market collectively reassesses copper’s supply dynamics.
Money managers are now marginally net long of copper on both the London Metal Exchange (LME) and CME contracts.
The shift in positioning has been playing out since the end of October, when LME three-month copper was threatening to break down through key technical support at May lows between $7,867 and $7,871 per metric ton.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ May 6
|
278.40
|
|
USD PKR Interbank Buying
/ May 6
|
278.20
|
|
USD to Japanese Yen
/ May 6
|
153.92
|
|
USD to Swiss Franc
/ May 6
|
0.91
|
|
Pound Sterling to USD
/ May 6
|
1.25
|
|
Euro to USD
/ May 6
|
1.08
|
| Stock | Volume |
|---|---|
|
S&P 500
/ May 3
|
5127.79
|
|
Tokyo Nikkei
/ May 3
|
38236.07
|
|
Nasdaq
/ May 3
|
16156.33
|
|
FTSE 100
/ May 3
|
8213.49
|
|
Dow Jones
/ May 3
|
38675.68
|
|
India Sensex
/ May 6
|
74134.73
|
|
Hang Seng
/ May 6
|
18465.58
|
|
Germany DAX 30
/ May 6
|
18032.07
|
| Item | Value |
|---|---|
|
Gold 10 Grams PKR
/ May 3
|
205418
|
|
Petrol/Litre
/ May 6
|
288.49
|
|
Crude Oil USD/Barrel
/ May 6
|
78.37
|
|
Karachi Cotton PKR/37.32 KG
/ May 6
|
19935
|
|
Gold Spot USD/Ounce
/ May 6
|
2311.29
|
|
Diesel/Litre
/ May 6
|
281.96
|
| Stock | Price |
|---|---|
|
786 Invest Ltd
/ May 6
786 Investments Limited(786)
|
5
▼ 0.00
(0.00%)
|
|
AL-Abbas Sugar
/ May 6
Al-Abbas Sugar Mills Limited(AABS)
|
585
▼ 0.00
(0.00%)
|
|
Agro Allianz
/ May 6
Agro Allianz Limited(AAL)
|
16
▼ 0.00
(0.00%)
|
|
AL-Abid Silk
/ May 6
Al-Abid Silk Mills Limited(AASM)
|
3.49
▼ 0.00
(0.00%)
|
|
Ali Asghar
/ May 6
Ali Asghar Textile Mills Limited(AATM)
|
2.07
▼ 0.00
(0.00%)
|
|
Allied Bank
/ May 6
Allied Bank Limited(ABL)
|
87.10
▼ 0.00
(0.00%)
|
|
Abbott Lab.
/ May 6
Abbott Laboratories (Pakistan) Limited(ABOT)
|
499.34
▼ 0.00
(0.00%)
|
|
Abson Ind.
/ May 6
Abson Industries Limited(ABSON)
|
2.50
▼ 0.00
(0.00%)
|
|
Alfalah ETF.
/ May 6
Alfalah Consumer Index ETF.(ACIETF)
|
9.84
▼ 0.00
(0.00%)
|
| Stock | Price |
|---|---|
|
786 Invest Ltd
/ May 6
786 Investments Limited(786)
|
5
▲ 0.00
(0.00%)
|
|
AL-Abbas Sugar
/ May 6
Al-Abbas Sugar Mills Limited(AABS)
|
585
▲ 0.00
(0.00%)
|
|
Agro Allianz
/ May 6
Agro Allianz Limited(AAL)
|
16
▲ 0.00
(0.00%)
|
|
AL-Abid Silk
/ May 6
Al-Abid Silk Mills Limited(AASM)
|
3.49
▲ 0.00
(0.00%)
|
|
Ali Asghar
/ May 6
Ali Asghar Textile Mills Limited(AATM)
|
2.07
▲ 0.00
(0.00%)
|
|
Allied Bank
/ May 6
Allied Bank Limited(ABL)
|
87.10
▲ 0.00
(0.00%)
|
|
Abbott Lab.
/ May 6
Abbott Laboratories (Pakistan) Limited(ABOT)
|
499.34
▲ 0.00
(0.00%)
|
|
Abson Ind.
/ May 6
Abson Industries Limited(ABSON)
|
2.50
▲ 0.00
(0.00%)
|
|
Alfalah ETF.
/ May 6
Alfalah Consumer Index ETF.(ACIETF)
|
9.84
▲ 0.00
(0.00%)
|
| Stock | Volume |
|---|---|
|
P.I.A.C.(A)
/ May 6
Pakistan International Airlines Corp(PIAA)
|
47,200,500
▲ 0.00
|
|
Cnergyico PK
/ May 6
Cnergyico PK Limited(CNERGY)
|
29,719,327
▲ 0.00
|
|
Pak Petroleum
/ May 6
Pakistan Petroleum Limited(PPL)
|
21,170,581
▲ 0.00
|
|
Pak Refinery
/ May 6
Pakistan Refinery Limited(PRL)
|
16,965,134
▲ 0.00
|
|
The Searle Co.
/ May 6
The Searle Company Limited(SEARL)
|
15,793,227
▲ 0.00
|
|
P.T.C.L.
/ May 6
Pakistan Telecommunication Company Ltd(PTC)
|
15,054,641
▲ 0.00
|
|
K-Electric Ltd.
/ May 6
K-Electric Limited(KEL)
|
14,145,556
▲ 0.00
|
|
WorldCall Telecom
/ May 6
Worldcall Telecom Limited(WTL)
|
13,158,668
▲ 0.00
|
|
Telecard Limited
/ May 6
Telecard Limited(TELE)
|
12,358,668
▲ 0.00
|
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