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metal

Lithium producers Allkem, Livent to combine in $10.6bn deal

NEW YORK: Lithium companies Allkem Ltd and Livent Corp said on Wednesday they will combine in an all-stock $10.6...

Published 11 May, 2023 05:54am

Technology

German software giant SAP to cut 3,000 jobs

FRANKFURT: German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of...

Published 26 Jan, 2023 02:49pm

Markets

Tin on rebound as China scoops up surplus metal

LONDON: Tin’s rollercoaster ride spins into the New Year, promising more thrills and spills after a tumultuous...

Published 25 Jan, 2023 06:25am

Markets

Tin must tame its wildness to meet coming demand surge

LONDON: The world is going to need another 50,000 tonnes of tin per year by 2030 to meet a looming surge in demand,...

Published 07 Dec, 2022 05:54am

Markets

Copper hits highest in over two weeks on easing of China Covid curbs

LONDON: Copper prices jumped to their highest in over two weeks on Friday in a volatile session as investors cheered...

Published 05 Dec, 2022 05:47am

Markets

Copper supported by hopes interest rates may soon peak

LONDON: Copper prices rose on Monday, supported by rising imports of the industrial metal by top consumer China and...

Published 09 Aug, 2022 03:37am

Markets

Gold prices decline

KARACHI: Gold prices on Wednesday saw a sizeable fall in the local market, traders said. Prices of the precious ...

Published 09 Jun, 2022 06:18am

Markets

Gold prices slightly up

KARACHI: Gold prices on Friday witnessed some momentum in the local market, traders said. The precious metal was...

Published 04 Jun, 2022 04:18am

World

US Justice Dept probes suspected manipulation of Platts benchmarks

WASHINGTON: The US Department of Justice is investigating suspected manipulation of energy pricing benchmarks...

Published 05 Oct, 2021 04:34am

Markets

London copper dips as investors await Jackson Hole meeting

The much-awaited Jackson Hole meeting could unveil plans to cut stimulus in the world's biggest economy and boost the dollar

Published 27 Aug, 2021 11:32am

Markets

LME aluminium could test resistance at $2,626 this week

SINGAPORE: LME aluminium could test a resistance at $2,626 a tonne this week, a break above could lead to a gain at...

Published 24 Aug, 2021 05:02am

Markets

Chinese nickel producer Jien halts cathode output

SHANGHAI: Jilin Jien Nickel, a nickel producer in northeast China, has halted output of nickel cathodes because they...

Published 24 Aug, 2021 05:02am

Markets

Copper rises after recent fall, set for biggest weekly loss in 2 months

Three-month copper on the London Metal Exchange rose 1% to $8,985.50 a tonne by 0302 GMT

Updated 20 Aug, 2021 11:53am

Markets

Gold in Asia

SINGAPORE: Spot gold may slowly drop towards a range of $1,687-$1,704 per ounce, driven by a wave C. This wave ...

Published 12 Aug, 2021 04:34am

Markets

Copper steadies after hitting 10-week low

LONDON: Copper steadied on Monday, having hit its lowest level since mid-April after moves by China to rein in...

Published 22 Jun, 2021 04:46am

Markets

Spot gold may test resistance at $1,919

This former resistance has turned into a strong support, which serves as a limit to a correction from the current level.

Published 31 May, 2021 11:33am

Markets

Copper prices sink

LONDON: Copper prices fell on Wednesday as rising inflation pushed investors into a risk-off sentiment, offsetting...

Published 20 May, 2021 04:26am

Markets

Spot gold may test resistance at $1,847

A break above the trendline would be a major victory of bulls, as it confirms a reversal of the downtrend from $2,072.50.

Published 10 May, 2021 11:14am

Markets

Copper hits 10-year peak

LONDON: Copper prices soared to 10-year highs on Monday as Chile supply concerns, sliding inventories, a weaker...

Published 27 Apr, 2021 03:02am

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.905...

Published 16 Apr, 2021 03:40am

Markets

Spot gold to rise to $1,746

The metal broke both the resistance and a falling trendline.

Published 05 Apr, 2021 08:53am

Markets

China’s aluminium imports underpin physical premium surge

LONDON: Japanese aluminium buyers have agreed to pay the highest premium in six years to get their metal in the...

Published 03 Apr, 2021 03:41am

Markets

Copper dips as stronger dollar offsets supply concerns

LONDON: Copper prices came under pressure on Thursday from a higher dollar and spiking US Treasury bond yields, but...

Published 19 Mar, 2021 05:32am

Markets

LME copper may rise towards Feb. 25 high of $9,617 this week

Strategically, the target of $9,617 will be confirmed when copper breaks $9,166. A break below $8,661 could cause a limited fall to $8,435.

Published 08 Mar, 2021 02:35pm

Markets

Spot gold may test support at $1,691

The break confirmed the continuation of the wave C towards its target zone.

Published 04 Mar, 2021 10:05am

Markets

Gold prices fall

KARACHI: Gold prices on Wednesday saw another fall on the local market, traders said on Wednesday. After a decline...

Published 18 Feb, 2021 04:08am

Markets

Platinum rally pauses in Asia

SINGAPORE: Platinum retreated from a near 6-1/2-year high in Asian trade on Tuesday as prices hit a technical...

Published 17 Feb, 2021 04:24am

Markets

Spot gold may retest support at $1,818

A further gain above $1,840, however, could indicate an extension of the uptrend from the Feb. 4 low of $1,784.76 towards $1,853-$1,875 range.

Published 16 Feb, 2021 11:19am

Markets

Copper hovers near 8-year high as Chinese holiday starts

LONDON Copper took a breather on Thursday as Chinese markets closed for the week-long Lunar New Year holiday after...

Updated 12 Feb, 2021 11:47pm

Markets

Gold prices fall

KARACHI: Gold prices on Thursday fell slightly on the local market, traders said. After a fall of Rs 200, the yellow...

Updated 12 Feb, 2021 11:46pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.50 ▲ 0.46 (22.55%)
Universal Ins. / Dec 8 The Universal Insurance Company Limited(UVIC)	7.70 ▲ 1.00 (14.93%)
786 Invest Ltd / Dec 8 786 Investments Limited(786)	6.25 ▲ 0.66 (11.81%)
First Prudential Mod. / Dec 8 First Prudential Modaraba(PMI)	2.10 ▲ 0.18 (9.38%)
Habib Ins. / Dec 8 Habib Insurance Company Limited(HICL)	6.50 ▲ 0.52 (8.70%)
Agritech Limited / Dec 8 Agritech Limited(AGL)	13.52 ▲ 1.00 (7.99%)
SME Leasing Ltd / Dec 8 SME Leasing Limited(SLL)	2.05 ▲ 0.15 (7.89%)
Burshane LPG / Dec 8 Burshane LPG (Pakistan) Limited(BPL)	20.90 ▲ 1.46 (7.51%)
National Silk / Dec 8 The National Silk & Rayon Mills Limited(NSRM)	32.64 ▲ 2.28 (7.51%)

Stock	Price
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	4.62 ▼ -0.92 (-16.61%)
Jahangir Sidd(Pref) / Dec 8 Jahangir Sidd(Pref)(JSCLPSA)	8 ▼ -0.89 (-10.01%)
Aisha Steel(ConPS) / Dec 8 Aisha Steel(ConPS)(ASLPS)	7.21 ▼ -0.79 (-9.88%)
Service Textile / Dec 8 Service Industries Textiles Limited(SERT)	9.36 ▼ -0.99 (-9.57%)
J.A.Textile / Dec 8 J.A. Textile Mills Limited(JATM)	45.35 ▼ -3.62 (-7.39%)
EFG Hermes Pak / Dec 8 EFG Hermes Pakistan Limited(EFGH)	12.52 ▼ -0.96 (-7.12%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.20 ▼ -1.30 (-6.67%)
Dewan Sugar / Dec 8 Dewan Sugar Mills Limited(DWSM)	3.37 ▼ -0.18 (-5.07%)
Pak Hotels / Dec 8 Pakistan Hotels Developers Limited(PHDL)	455.05 ▼ -16.64 (-3.53%)
Pervez Ahmed Co / Dec 8 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.84 ▼ -0.03 (-3.45%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	246,006,787 ▲ 0.22
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.15
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	59,284,953 ▲ 0.04
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	43,233,500 ▼ -0.14
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 0.18
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.03
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.28
Sui South Gas / Dec 8 Sui Southern Gas Company Limited(SSGC)	28,907,224 ▼ -0.12
Unity Foods Ltd / Dec 8 Unity Foods Limited(UNITY)	28,379,686 ▼ -0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Tokyo Nikkei / Dec 7	32438.10
Nasdaq / Dec 7	14340
Hang Seng / Dec 7	16345.89
FTSE 100 / Dec 7	7513.72
Dow Jones / Dec 7	36117.38
Germany DAX 30 / Dec 7	16628.99
France CAC40 / Dec 7	7428.52
India Sensex / Dec 8	69810.76

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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