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copper mine

Reko Diq mine stake: Saudi Manara Minerals’ team in Pakistan

ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about...

Published 07 May, 2024 06:05am

Business & Finance

Pakistan drawing Saudi interest in Reko Diq

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 15 Nov, 2023 06:09am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Markets

Copper climbs on China support but Covid clouds demand outlook

LONDON: Copper prices rebounded on Friday after top metals consumer China pledged more support for its ailing ...

Published 30 Apr, 2022 05:53am

Markets

China copper output rises, tin production up

BEIJING: China’s copper output rose 6.71% in December from the previous month to 802,200 tonnes as producers...

Published 12 Jan, 2022 04:25am

Markets

Copper prices ease

LONDON: Copper eased on Friday as the dollar firmed despite underwhelming US jobs data that tempered expectations ...

Published 04 Dec, 2021 04:23am

World

Chinese officials in Afghanistan to explore lithium projects

KABUL: Officials representing several Chinese companies are in Afghanistan to conduct on-site inspections of...

Published 25 Nov, 2021 03:53am

Markets

Copper edges lower on uncertainty ahead of Fed meeting

LONDON: Copper prices slipped on Wednesday on uncertainty ahead of a U.S. Federal Reserve meeting expected to start...

Published 04 Nov, 2021 04:32am

Markets

Copper slips on strong dollar

LONDON: Copper prices buckled under a stronger dollar on Tuesday ahead of key US payroll data later this week and on...

Published 06 Oct, 2021 04:17am

Markets

Copper falls as power shortages grip top consumer China

LONDON: Copper prices fell for a second day on Wednesday as a power supply crisis gripped China, the largest metals...

Published 30 Sep, 2021 04:15am

World

Taliban inherit untapped $1trn trove of minerals

PARIS: The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could...

Updated 23 Aug, 2021 11:26am

Markets

Demand doubts and dollar weigh on copper

LONDON: Copper prices fell to their lowest in more than two weeks on Monday as a firm dollar and demand worries...

Published 10 Aug, 2021 04:39am

Markets

Copper rises as investors await Fed minutes

LONDON: Copper prices rose on Wednesday, recouping losses from the previous session, as investors waited for the...

Published 08 Jul, 2021 04:22am

Markets

Copper prices keep falling

LONDON: Copper prices fell on Tuesday as rising coronavirus cases strengthened the dollar and cast doubt on a speedy...

Published 30 Jun, 2021 03:54am

Markets

Copper prices steady

LONDON: Copper prices held steady on Friday after US President Joe Biden embraced a bipartisan Senate infrastructure...

Published 26 Jun, 2021 03:24am

Markets

Copper keep climbing

LONDON: Copper prices extended gains on Wednesday after the head of the US central bank vowed to keep interest rates...

Published 24 Jun, 2021 03:36am

Markets

Copper heads for biggest weekly fall since March 2020

LONDON: Copper on Friday was on track for its biggest weekly fall since March 2020 after the Federal Reserve...

Published 20 Jun, 2021 03:39am

Markets

Copper prices slip to 7-week low

LONDON: Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to...

Published 16 Jun, 2021 03:39am

Markets

Copper falls as market frets about demand, China curbs

LONDON: Copper slipped on Monday as fears that top consumer China would take action to curb any further rises in...

Published 15 Jun, 2021 03:30am

Markets

Copper prices hover below $10,000

LONDON: Copper prices hovered below $10,000 a tonne on Wednesday as data showed Chinese factories were facing the...

Published 10 Jun, 2021 03:22am

Markets

Global copper smelting extends recovery in May

LONDON: Global copper smelting extended its rebound in May, touching fresh highs for the year as operations ...

Published 06 Jun, 2021 02:56am

Markets

Shanghai copper registers second monthly gain on supply concerns

The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.

Published 31 May, 2021 06:37pm

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.

Published 21 May, 2021 08:20pm

Markets

C$ stays on track to extend weekly win streak despite jobs decline

Canadian dollar weakens 0.3% against the greenback.
For the week, the loonie is up 0.9%.
Canada sheds 207,100 jobs in April.
Canadian 5-year yield hits a 2-month low at 0.841%.

Published 07 May, 2021 08:41pm

Markets

Aluminium extends rally on growing supply fears

Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.

Published 06 May, 2021 08:56pm

Markets

Copper bonanza challenge for top producer Chile

"There is a conjunction of elements that are making investors adopt a more cautious position," he added.

Published 02 May, 2021 11:23am

Markets

Copper prices down

LONDON: Copper drifted lower on Friday, hovering below the $10,000 level it briefly broke through a day earlier as...

Published 01 May, 2021 03:28am

Business & Finance

World top copper producer Chile sees output slide for 10th consecutive month

Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on movement and commerce following the Southern Hemisphere's summer holidays.
Chile's copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021, according to INE's statistics.

Published 30 Apr, 2021 08:37pm

Markets

Copper eyes $10,000/T level as US dollar softens

"(Copper is) supported by a weaker dollar and dovish comments from the Federal Reserve," said commodities broker Anna Stablum of Marex Spectron in a note.

Published 29 Apr, 2021 12:18pm

Markets

Copper rally pauses

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the US Federal Reserve, but...

Published 29 Apr, 2021 03:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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