AVN 66.50 Increased By ▲ 1.65 (2.54%)
BOP 8.80 Increased By ▲ 0.10 (1.15%)
CHCC 131.50 Increased By ▲ 7.29 (5.87%)
DCL 9.25 Increased By ▲ 0.35 (3.93%)
DGKC 103.94 Increased By ▲ 3.05 (3.02%)
EFERT 61.60 No Change ▼ 0.00 (0%)
EPCL 44.50 Increased By ▲ 1.50 (3.49%)
FCCL 20.61 Increased By ▲ 0.21 (1.03%)
FFL 14.25 Increased By ▲ 0.43 (3.11%)
HASCOL 14.08 Increased By ▲ 0.51 (3.76%)
HBL 129.89 Increased By ▲ 1.07 (0.83%)
HUBC 79.63 Increased By ▲ 1.13 (1.44%)
HUMNL 6.60 Increased By ▲ 0.10 (1.54%)
JSCL 23.10 Increased By ▲ 0.80 (3.59%)
KAPCO 28.20 Increased By ▲ 0.57 (2.06%)
KEL 3.71 Increased By ▲ 0.10 (2.77%)
LOTCHEM 12.73 Increased By ▲ 0.26 (2.09%)
MLCF 38.19 Increased By ▲ 1.67 (4.57%)
OGDC 103.07 Increased By ▲ 5.53 (5.67%)
PAEL 32.30 Increased By ▲ 1.45 (4.7%)
PIBTL 12.12 Increased By ▲ 0.25 (2.11%)
PIOC 90.29 Increased By ▲ 6.79 (8.13%)
POWER 9.48 Increased By ▲ 0.31 (3.38%)
PPL 93.22 Increased By ▲ 5.30 (6.03%)
PSO 195.07 Increased By ▲ 4.79 (2.52%)
SNGP 43.18 Increased By ▲ 0.44 (1.03%)
STPL 13.42 Increased By ▲ 0.17 (1.28%)
TRG 57.38 Increased By ▲ 4.48 (8.47%)
UNITY 23.38 Decreased By ▼ -0.24 (-1.02%)
WTL 1.02 Increased By ▲ 0.02 (2%)
BR100 4,252 Increased By ▲ 58.16 (1.39%)
BR30 21,403 Increased By ▲ 315.18 (1.49%)
KSE100 41,031 Increased By ▲ 653.5 (1.62%)
KSE30 17,295 Increased By ▲ 278.41 (1.64%)

KUALA LUMPUR: Malaysian palm oil futures reversed early losses to end higher on Wednesday evening, supported by a weaker ringgit and tracking gains in crude oil and soyoil on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for October delivery  on the Bursa Malaysia Derivatives Exchange was up 0.4% at 1,981 ringgit ($481.70) per tonne at the close of trade.

"The market rose, tracking crude oil and CBOT soyoil that recovered, as well as on a weaker ringgit," said a futures trader based in Kuala Lumpur.

The ringgit, palm's currency of trade, fell 0.1% against the dollar to 4.1125 on Wednesday evening, though it was still trading at three-month highs. A weaker ringgit makes the edible oil cheaper for foreign buyers.

Meanwhile, oil prices regained little ground lost in the previous session, weighed down by industry data suggesting US crude inventories fell less than expected.

US soyoil prices were last up 0.4% on Wednesday, while the September soyoil contract on the Dalian exchange fell 0.3%.

Meanwhile, the Dalian September palm oil also slid 0.6%.

Palm oil prices are affected by movements in related oils that compete for a share of the global vegetable oils market.

Copyright Reuters, 2019