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Copper prices

Shanghai copper hits over 9-year high, London prices breach $8,000/tonne

The most-traded January copper contract on the Shanghai Futures Exchange climbed as much as 2.2pc to 59,500 yuan ($9,095.36) a tonne, a level unseen since September 2011.

Published 18 Dec, 2020 03:27pm

Markets

Copper set for seventh straight weekly gain on US stimulus hopes

Three-month copper on the London Metal Exchange rose 0.9% to $7,988 a tonne by 0223 GMT and was up 0.9% for the week.

Published 18 Dec, 2020 09:59am

Markets

Copper pushes towards highest since 2013 with $8,000 in sight

Investors bought riskier assets across the board, sending global equities to new peaks, oil prices to a nine-month high and the dollar to its weakest since April 2018.

Published 17 Dec, 2020 08:06pm

Markets

China data and vaccine optimism lift copper price

Benchmark three-month copper on the London Metal Exchange (LME) added 0.4% to $7,784 per tonne.
The metal, seen as a bellwether of global economic health, has gained more than 80% .

Published 16 Dec, 2020 01:14am

Markets

China data and vaccine optimism lifts copper price

Benchmark three-month copper on the London Metal Exchange (LME) added 0.3pc to $7,777 per tonne by 1210 GMT.

Published 15 Dec, 2020 07:03pm

Markets

Copper slips on profit-taking amid worries on Brexit, US stimulus

Copper has been buoyed recently by bullish developments, including strong demand from China and possible supply problems.
Typically, if you have this kind of excessively bullish mood, and with this stretched positioning in the futures market, a 10% correction would not be unusual.

Published 12 Dec, 2020 12:39am

Markets

Copper dips on firm dollar, US stimulus doubts; aluminium shimmers

The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.4% to 56,890 yuan ($8,691.87) a tonne.

Published 10 Dec, 2020 09:29am

Markets

Copper rally falters as prices slip from multi-year high

Benchmark copper on the London Metal Exchange (LME) was down 0.2% at $7,694 a tonne.
On Monday it touched $7,800, its highest since March 2013, having increased in value by almost $3,500 a tonne since March this year and $1,000 in the past month alone.

Published 09 Dec, 2020 01:29am

Markets

Copper slips from near 8-year high on U.S.-China tensions

Three-month copper on the London Metal Exchange fell 0.4pc to $7,680.50 a tonne by 0706 GMT, slipping from its highest since March 2013 of $7,800 hit on Monday.

Published 08 Dec, 2020 05:40pm

Markets

Copper retreats from 8-year peak on profit-taking

Earlier prices of the metal used widely in the power and construction industries touched $7,800 a tonne, the highest since March 2013.

Published 07 Dec, 2020 07:44pm

Markets

Copper strides to highest peaks since 2013 on US stimulus plans

Copper has regularly hit new multi-year highs and shares touched record levels over the past week.
The US stimulus news has definitely helped risk appetite, which has been strong ever since the good news about vaccines.

Published 04 Dec, 2020 11:16pm

Markets

Copper strides to highest peaks since 2013 on U.S. stimulus plans

Copper, often used as a gauge of global economic health, was poised for a fifth straight weekly gain with a rise of 3.4pc.

Published 04 Dec, 2020 06:02pm

Markets

Strong factory data pushes copper to new 7-year high

Benchmark copper on the London Metal Exchange (LME) was 1.3% higher at $7,677 a tonne.
Global share markets rose and the US dollar weakened. LME aluminium hit a two-year high of $2,069 a tonne before slipping to $2,061.50, up 0.8%.

Published 02 Dec, 2020 12:48am

Markets

Copper sweeps to highest since March 2013, investors eye pause

Three-month copper on the London Metal Exchange had gained 0.9% to $7,566 a tonne.
Copper does look dangerously overbought. It's the weight of money, the enthusiasm for the green revolution.

Published 01 Dec, 2020 12:51am

Markets

Copper hits 7-1/2-year peak as companies and speculators buy

LME nickel and lead touch one-year highs.
Zinc hits highest since May 2019.
Copper on track to hit $8,000 on technicals –analyst.

Published 28 Nov, 2020 12:39am

Markets

Copper hits near 7-year high on vaccine hopes, fund buying

Three-month copper on the London Metal Exchange was up 1.3% to $7,398 a tonne.
The metal, widely used in power and construction industries, has rallied about 70% since its March lows.

Updated 26 Nov, 2020 10:33pm

Markets

China demand, vaccine optimism propel copper to 7-year peak

Benchmark copper on the London Metal Exchange was up 0.1% at $7,299 a tonne.
The vaccine has given everything a lift, China has announced many new construction projects.

Published 26 Nov, 2020 12:48am

Markets

Vaccines, China demand and dollar drive copper to 30-month peak

Benchmark copper on the London Metal Exchange (LME) rose 1.7% to $7,297 a tonne.
Positive information coming through on vaccines reduces some of the uncertainty created by the virus.

Published 25 Nov, 2020 12:52am

Markets

Copper hits 2-1/2 year high on upbeat China data

Three-month copper on the London Metal Exchange was up 2.1% to $7,128.50 a tonne in official trading.
The strong macro China data is giving copper another ride higher and it reinforces the view that China's demand recovery is holding its shape.

Published 16 Nov, 2020 07:45pm

Markets

Copper prices cling to vaccine hopes

Moderna Inc said on Wednesday it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine,
Three-month copper on the London Metal Exchange (LME) added 0.6% to $6,925 per tonne.

Published 12 Nov, 2020 06:36pm

Markets

Copper pushes towards two-year highs as dollar falls further

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.4% at $6,946.50 a tonne in official trading.
"The copper market looks rather strong from a fundamental point of view," said Julius Baer analyst Carsten Menke.

Published 06 Nov, 2020 07:22pm

Markets

Copper hits lowest in almost 3 weeks on nail-biting US election

Three-month copper on the London Metal Exchange was down 1.3% at $6,726 a tonne.
Copper has rebounded 54% since March, bolstered by a strong recovery from the COVID-19 pandemic in top metals consumer China.

Published 04 Nov, 2020 06:30pm

Markets

China manufacturing data supports copper prices

Benchmark copper on the London Metal Exchange was up 0.2% at $6,729 a tonne.
China dominates copper demand, economic activity is back to normal so more stimulus is unlikely. It would be difficult to justify higher prices.

Published 02 Nov, 2020 05:48pm

Markets

Copper slides as demand concerns resurface

There has been an astounding deterioration in the coronavirus situation pretty much around the world, with the Far East being a notable exception.
"If Trump wins, metals could sell off because things will stay tense with China."

Published 29 Oct, 2020 05:59pm

Markets

Copper plunges as investors brace for coronavirus lockdowns

Stock markets plunged and the dollar strengthened as Germany and France prepared to announce new restrictions.
We're talking about potential new lockdowns in Europe, with cases just galloping. It's really hitting markets in the stomach.

Published 28 Oct, 2020 07:56pm

Markets

Copper ticks higher on bargain hunting, but more losses expected

Volumes were light as investors waited for results from a meeting this week on China's new five-year plan.
I think there is more downside for copper, and the biggest risk for metals right now is a stronger dollar due to uncertainty building on many fronts,

Published 27 Oct, 2020 05:38pm

Markets

Copper falls for third session on profit-taking, COVID worries

Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China.
Last week copper broke through the $7,000 level for the first time in 28 months during an online LME Week.

Published 26 Oct, 2020 05:29pm

Markets

Copper drifts lower as investors question recent rally

Benchmark copper stormed to $7,000 a tonne on Wednesday, its highest in 28 months and up more than 50% since late March.
Three-month copper on the London Metal Exchange (LME) fell 0.4% to $6,897.50 a tonne in official trading.

Published 23 Oct, 2020 06:25pm

Markets

Lower dollar helps copper head towards 27-month peak

Surging coronavirus infections in Europe a worry.
Concerns about wider disruptions in Chile support copper.

Published 20 Oct, 2020 06:42pm

Markets

Copper extends gains on China demand hopes, supply risks

Three-month copper on the London Metal Exchange was up 0.3pc at $6,769 a tonne by 0703 GMT, extending gains to a third session.

Published 16 Oct, 2020 04:50pm

Gainers
Losers
Leaders

Stock	Price
Abdullah Shah / Sep 28 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.49 ▲ 0.45 (8.93%)
Universal Ins. / Sep 28 The Universal Insurance Company Limited(UVIC)	3.80 ▲ 0.29 (8.26%)
Shakarganj / Sep 28 Shakarganj Limited(SML)	37.42 ▲ 2.61 (7.50%)
Invest Bank / Sep 28 Invest Capital Investment Bank Limited(ICIBL)	1.12 ▲ 0.07 (6.67%)
PICIC Ins.Ltd. / Sep 28 PICIC Insurance Limited(PIL)	0.86 ▲ 0.05 (6.17%)
Chakwal Spinning / Sep 28 Chakwal Spinning Mills Limited(CWSM)	1.25 ▲ 0.07 (5.93%)
Pak. P.V.C. / Sep 28 Pakistan PVC Limited(PPVC)	5.30 ▲ 0.28 (5.58%)
EFU General / Sep 28 EFU General Insurance Limited(EFUG)	89.50 ▲ 4.65 (5.48%)
Ist.Capital Sec / Sep 28 First Capital Securities Corporation(FCSC)	0.98 ▲ 0.05 (5.38%)
Habib Rice Products / Sep 28 Habib Rice Product Limited(HRPL)	39.50 ▲ 2.00 (5.33%)

Stock	Price
Pak Oilfields / Sep 28 Pakistan Oilfields Limited(POL)	387.30 ▼ -52.19 (-11.88%)
Shadab Textile / Sep 28 Shadab Textile Mills Limited(SHDT)	10.72 ▼ -1.00 (-8.53%)
Kohat Textile / Sep 28 Kohat Textile Mills Limited(KOHTM)	11.30 ▼ -0.95 (-7.76%)
Masood Textile / Sep 28 Masood Textile Mills Limited(MSOT)	41.50 ▼ -3.36 (-7.49%)
SME Leasing Ltd / Sep 28 SME Leasing Limited(SLL)	2.24 ▼ -0.16 (-6.67%)
Gharibwal Cement / Sep 28 Gharibwal Cement Limited(GWLC)	16 ▼ -0.69 (-4.13%)
First Prudential Mod. / Sep 28 First Prudential Modaraba(PMI)	1.58 ▼ -0.06 (-3.66%)
St.Chart.Bank / Sep 28 Standard Chartered Bank (Pak) Ltd(SCBPL)	28 ▼ -1.00 (-3.45%)
Artistic Denim / Sep 28 Artistic Denim Mills Limited(ADMM)	54 ▼ -1.90 (-3.40%)
Attock Petroleum / Sep 28 Attock Petroleum Limited(APL)	292 ▼ -9.97 (-3.30%)

Stock	Volume
Maple Leaf Cement / Sep 28 Maple Leaf Cement Factory Limited(MLCF)	11,085,943 ▼ -0.07
Pak Petroleum / Sep 28 Pakistan Petroleum Limited(PPL)	9,115,995 ▲ 0.28
WorldCall Telecom / Sep 28 Worldcall Telecom Limited(WTL)	7,096,855 ▲ 0.01
P.I.A.C.(A) / Sep 28 Pakistan International Airlines Corp(PIAA)	6,933,000 ▲ 0.21
Oil & Gas Dev. / Sep 28 Oil & Gas Development Company Limited(OGDC)	6,830,288 ▲ 0.29
Agritech Limited / Sep 28 Agritech Limited(AGL)	6,650,000 ▲ 0.42
Dewan Motors / Sep 28 Dewan Farooque Motors Limited(DFML)	6,537,980 ▲ 0.01
Bankislami Pak. / Sep 28 BankIslami Pakistan Limited(BIPL)	6,477,203 ▼ -0.25
B.O.Punjab / Sep 28 The Bank of Punjab(BOP)	6,308,530 ▼ -0.03
Sui North Gas / Sep 28 Sui Northern Gas Pipelines Limited(SNGP)	5,152,021 ▲ 0.02

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	288.03
USD PKR Interbank Buying / Sep 28	287.73
USD to Japanese Yen / Sep 28	149.36
USD to Swiss Franc / Sep 28	0.92
Pound Sterling to USD / Sep 28	1.21
Euro to USD / Sep 28	1.05
UK LIBOR % / Sep 27	5.43

Stock	Volume
S&P 500 / Sep 27	4274.51
Nasdaq / Sep 27	13092.85
FTSE 100 / Sep 27	7593.22
Dow Jones / Sep 27	33550.27
Germany DAX 30 / Sep 27	15217.45
France CAC40 / Sep 27	7071.79
India Sensex / Sep 28	66115.09
Tokyo Nikkei / Sep 28	31744.50
Hang Seng / Sep 28	17429.46

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 27	17935
Gold 10 Grams PKR / Sep 27	174950
Crude Oil USD/Barrel / Sep 28	94.58
Gold Spot USD/Ounce / Sep 28	1874.97
Cotton US¢/pound / Sep 28	88.65

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