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Copper prices

Copper jumps to 2013 peak on Biden infrastructure, stimulus hopes

LME nickel hit its highest since September 2019 at $18,060 a tonne, up 1.6pc, after stainless steel futures surged as much 5pc in China and inventories in the country slid.

Published 08 Jan, 2021 12:02am

Markets

Copper hits highest since 2013 on stimulus hopes, supply fears

Benchmark copper on the London Metal Exchange (LME) was up 1.7% at $8,136.50 a tonne
New money is on the table from investors who see a very bullish story.

Published 06 Jan, 2021 04:49pm

Markets

Lower dollar, inventories propel copper towards 8-year peak

Benchmark copper on the London Metal Exchange was up 1% at $7,937 a tonne.
The lower dollar is supporting copper and focus is on the vaccines which imply stronger growth in the medium term.

Published 05 Jan, 2021 04:40pm

Markets

Top LME performer copper dips on hazy new year outlook

LME copper set to end year with a 25% gain.
Copper vulnerable to correction after speculative buying.
Aluminium the top performer on Shanghai exchange.

Published 31 Dec, 2020 06:26pm

Markets

Copper drifts lower in thin trading as coronavirus cases rise

We've just come into some sort of vacuum, with people out of the markets right now.
"I think there are good prospects of going higher next year, but we're not out of the woods yet with this pandemic."

Published 30 Dec, 2020 06:45pm

Markets

Aluminium hits lowest level in a month, copper climbs

Three-month aluminium on the London Metal Exchange was down 1.6% at $1,998 a tonne.
With aluminium, you can't argue that the metal is in short supply. There are production increases pretty much across the board and new capacity is being energised.

Published 29 Dec, 2020 06:23pm

Business & Finance

Shanghai copper up for 2nd day on expectations of firming economic recovery

Sterling rose on Thursday as Britain and the European Union clinched a Brexit deal that avoided a chaotic British exit from one of the world's biggest trading blocs.

Published 26 Dec, 2020 12:10am

Markets

Industrial metals cement gains with hopes of strong demand in 2021

Benchmark copper on the London Metal Exchange (LME) was down 0.2% at $7,830 a tonne.
Other base metals were up between 0.3% and 1.4%.

Published 24 Dec, 2020 05:48pm

Markets

Copper pushes back towards highs as investors regain their nerve

Benchmark copper on the London Metal Exchange (LME) was up 0.8% at $7,808 a tonne.
Nonetheless, prices are up about 30% this year thanks to strong Chinese demand and massive speculative investment.

Published 23 Dec, 2020 05:45pm

Markets

Copper falls as new virus strain hits markets

Equities and oil prices fell and the dollar strengthened as countries including France, Germany, Italy, the Netherlands, Switzerland, Israel and Canada closed travel links with Britain.
Benchmark copper on the London Metal Exchange (LME) was down 1.4% at $7,871 a tonne.

Published 21 Dec, 2020 06:49pm

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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