Trends - copper market - Business Recorder

copper market

Copper on track for weekly loss due to strong dollar, high inventories

LONDON: Copper prices were on track for a weekly loss on Friday due to a strong dollar, high inventories and reduced...

Published 22 Sep, 2023 04:44pm

Markets

Copper rises with improved China demand hopes, weaker dollar

LONDON: Copper prices rose in London on Wednesday with more upbeat demand prospects from top metals consumer China,...

Published 20 Sep, 2023 05:26pm

Markets

Copper heads lower ahead of Fed meeting, as inventories build

LONDON: Copper prices extended losses on Tuesday on concern ahead of a U.S. Federal Reserve meeting that prolonged...

Published 19 Sep, 2023 04:18pm

Markets

China demand angst, LME inventories weigh on copper

LONDON: Copper was supported on Monday by expectations that the global interest rate tightening cycle is close to...

Published 18 Sep, 2023 04:51pm

Markets

Copper up on positive China industrial data

LONDON : Copper prices rose in London on Friday and were on track for their biggest weekly growth since late July...

Published 15 Sep, 2023 04:34pm

Markets

Copper firms ahead of interest rate decisions

LONDON: Copper prices rose on Thursday as China’s measures to support economic recovery helped to alleviate price...

Published 14 Sep, 2023 05:16pm

Markets

Copper subdued ahead of U.S. inflation data

LONDON: Copper prices were little changed on Wednesday as the market awaited U.S. inflation data that could...

Published 13 Sep, 2023 04:54pm

Markets

Copper retreats on stronger dollar and rising LME stocks

LONDON: Copper prices fell in London on Tuesday under pressure from a stronger dollar and rising inventories, though...

Published 12 Sep, 2023 04:41pm

Markets

Copper climbs with Chinese currency recovery

LONDON: Copper prices rose on Monday as a stronger Chinese currency, a weaker dollar and buoyant loan data from top...

Published 11 Sep, 2023 04:28pm

Markets

Strong dollar pushes copper towards biggest weekly drop in four

LONDON: Copper prices in London extended declines on Friday, heading for the biggest weekly loss in four weeks,...

Published 08 Sep, 2023 05:13pm

Markets

Copper hits two-week low on inventory surge, weak China imports

LONDON: Copper prices fell to their lowest level in more than two weeks on Thursday after a sharp rise in...

Published 07 Sep, 2023 05:08pm

Markets

China property, demand jitters weigh on copper prices

LONDON: Copper prices retreated on Monday as the market fretted about demand in top consumer China and rising...

Published 04 Sep, 2023 04:51pm

Markets

Copper prices climb as China stimulus lifts demand outlook

BEIJING: Copper prices started the month on a firmer note despite a strong U.S. dollar on Friday, supported by...

Published 01 Sep, 2023 10:20am

Markets

Copper slides as Chinese data reinforces demand distress

LONDON: Copper prices slid on Thursday as further shrinkage in China’s manufacturing sector highlighted poor ...

Published 01 Sep, 2023 05:41am

Markets

London copper set for first monthly fall since May as China data disappoints

Copper prices in London fell on Thursday and were on track for their first monthly decline since May on tepid...

Published 31 Aug, 2023 09:57am

Markets

London copper dips in cautious trade ahead of key data

Copper prices in London eased slightly on Wednesday, as traders and investors exercised caution ahead of the release...

Published 30 Aug, 2023 09:42am

Markets

Copper gains after China’s move to support housing market

LONDON: Copper prices rose on Tuesday as funds cut bets on lower prices after top consumer China moved to boost its...

Published 29 Aug, 2023 04:13pm

Markets

Copper on track for strongest week in a month

LONDON: Copper prices in London were on track to end a run of three weekly declines on Friday, boosted by a...

Published 25 Aug, 2023 04:18pm

Markets

Copper retreats on strong dollar

LONDON: Copper prices pulled back on Thursday after five sessions of gains, as unease surrounding high interest ...

Published 25 Aug, 2023 06:34am

Markets

London copper retreats on disquiet about global growth, rates

LONDON: London copper prices pulled back on Thursday after five sessions of gains, as unease surrounding high...

Published 24 Aug, 2023 04:49pm

Markets

Copper rises with improved Chinese demand prospects

LONDON: Prices for copper and most other base metals rose in London on Wednesday as demand prospects from the top...

Published 23 Aug, 2023 05:29pm

Markets

Copper extends gains on firmer Chinese demand, weak dollar

LONDON: Copper prices rose on Tuesday for the fourth session, buoyed by firm consumption data in China, more Chinese...

Published 22 Aug, 2023 04:42pm

Markets

Copper supported but Chinese demand concerns weigh

LONDON: Copper prices were supported by the lower dollar on Monday, but market sentiment was negative due to...

Published 21 Aug, 2023 06:32pm

Markets

Copper on track for third straight weekly loss on China economic woes

LONDON: Copper prices in London were on track for a third straight weekly decline on Friday due to disappointing...

Published 18 Aug, 2023 04:55pm

Markets

Copper edges above 7-week low, zinc slumps after jump in inventories

LONDON: Copper prices edged above seven-week lows on Wednesday as a weaker dollar offered support while zinc slumped...

Published 16 Aug, 2023 04:39pm

Markets

Copper hits 6-week low, other metals fall after weak China data

LONDON: Prices for copper and other base metals fell in London on Tuesday, hurt by a worsening demand outlook from...

Published 15 Aug, 2023 05:06pm

Markets

Copper sinks to 5-week low as spotlight falls on China property

LONDON: Copper prices sank to five-week lows on Monday as the deteriorating demand outlook in top consumer China was...

Published 14 Aug, 2023 05:54pm

Markets

Copper on track for biggest weekly decline in three months

LONDON: Copper prices fell on Friday and were on track for their biggest weekly fall in three months after data...

Published 11 Aug, 2023 05:22pm

Markets

Copper rises as dollar weakens and China stimulus hopes persist

LONDON: Copper prices in London rose on Thursday, supported by the dollar weakening ahead of U.S. inflation data and...

Published 10 Aug, 2023 05:05pm

Markets

Copper bounces on stimulus bets after China sinks into deflation

LONDON: Copper prices recovered on Wednesday from a one-month low after data showing China fell into deflation...

Published 09 Aug, 2023 04:33pm

Gainers
Losers
Leaders

Stock	Price
P.I.A.C.(A) / Sep 25 Pakistan International Airlines Corp(PIAA)	5.38 ▲ 1.00 (22.83%)
Pak. P.V.C. / Sep 25 Pakistan PVC Limited(PPVC)	5.65 ▲ 1.00 (21.51%)
Hala Enterprise / Sep 25 Hala Enterprises Limited(HAEL)	7 ▲ 0.81 (13.09%)
Popular Islamic / Sep 25 Popular Islamic Modaraba(PIM)	8.97 ▲ 0.96 (11.99%)
Gammon Pak / Sep 25 Gammon Pakistan Limited(GAMON)	7.19 ▲ 0.69 (10.62%)
Roshan Packages / Sep 25 Roshan Packages Limited(RPL)	11.19 ▲ 1.00 (9.81%)
Bank of Khyber / Sep 25 The Bank of Khyber(BOK)	11.35 ▲ 0.94 (9.03%)
Thatta Cement / Sep 25 Thatta Cement Company Limited(THCCL)	13.87 ▲ 1.00 (7.77%)
Leather Up Ltd. / Sep 25 Leather Up Limited(LEUL)	9.69 ▲ 0.69 (7.67%)
First Tri-Star Mod. / Sep 25 First Tri-Star Modaraba(FTSM)	14.41 ▲ 1.01 (7.54%)

Stock	Price
Premier Insurance / Sep 25 Premier Insurance Limited(PINL)	6.15 ▼ -0.85 (-12.14%)
Pervez Ahmed Co / Sep 25 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.08 (-11.59%)
Power Cem(Pref) / Sep 25 Power Cement (Pref)(POWERPS)	5.50 ▼ -0.50 (-8.33%)
Gadoon Textile / Sep 25 Gadoon Textile Mills Limited(GADT)	203.50 ▼ -16.50 (-7.50%)
PICIC Ins.Ltd. / Sep 25 PICIC Insurance Limited(PIL)	0.74 ▼ -0.06 (-7.50%)
Ellcot Spinning / Sep 25 Ellcot Spinning Mills Limited(ELSM)	96.25 ▼ -7.75 (-7.45%)
Leiner Pak Gelat / Sep 25 Leiner Pak Gelatine Limited(LPGL)	15.20 ▼ -1.22 (-7.43%)
HI-Tech Lub. / Sep 25 Hi-Tech Lubricants Limited(HTL)	22.14 ▼ -1.76 (-7.36%)
J.K.Spinning / Sep 25 J.K. Spinning Mills Limited(JKSM)	36.50 ▼ -2.90 (-7.36%)
Ist.Capital Sec / Sep 25 First Capital Securities Corporation(FCSC)	0.90 ▼ -0.07 (-7.22%)

Stock	Volume
P.I.A.C.(A) / Sep 25 Pakistan International Airlines Corp(PIAA)	29,604,500 ▲ 1.00
Pak Elektron / Sep 25 Pak Elektron Limited(PAEL)	20,319,394 ▲ 0.70
Cnergyico PK / Sep 25 Cnergyico PK Limited(CNERGY)	10,563,972 ▲ 0.01
WorldCall Telecom / Sep 25 Worldcall Telecom Limited(WTL)	10,059,097 ▼ -0.01
Unity Foods Ltd / Sep 25 Unity Foods Limited(UNITY)	8,137,436 ▲ 0.38
Hub Power Co. / Sep 25 The Hub Power Company Limited(HUBC)	7,480,117 ▲ 0.09
K-Electric Ltd. / Sep 25 K-Electric Limited(KEL)	7,220,289 ▲ 0.02
Dewan Motors / Sep 25 Dewan Farooque Motors Limited(DFML)	6,909,431 ▼ -0.25
Pak Petroleum / Sep 25 Pakistan Petroleum Limited(PPL)	6,762,444 ▲ 0.06
Maple Leaf Cement / Sep 25 Maple Leaf Cement Factory Limited(MLCF)	6,752,226 ▲ 0.30

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.20
USD PKR Interbank Buying / Sep 25	290.80
USD to Japanese Yen / Sep 25	148.36
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 22	4320.06
Nasdaq / Sep 22	13211.81
Dow Jones / Sep 22	33963.84
India Sensex / Sep 25	65943.29
Tokyo Nikkei / Sep 25	32678.62
Hang Seng / Sep 25	17745.62
FTSE 100 / Sep 25	7672.91
Germany DAX 30 / Sep 25	15535.81
France CAC40 / Sep 25	7179.27

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 22	19035
Gold 10 Grams PKR / Sep 22	185020
Crude Oil USD/Barrel / Sep 25	90.44
Gold Spot USD/Ounce / Sep 25	1922.68
Cotton US¢/pound / Sep 25	86.10

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