Trends - Oil Palm - Business Recorder

Oil Palm

Palm oil falls on profit-taking

SINGAPORE: Malaysian palm oil futures fell on Monday, snapping a three-session rally, as significant profit-taking,...

Published 07 Mar, 2023 03:16am

BR Research

Current account manageable…

The current account deficit has reduced to $242 million in Jan-23- lowest in twenty-one months. The deficit is down...

Updated 21 Feb, 2023 11:34am

Markets

Palm oil gains for second week on weaker ringgit

JAKARTA: Malaysian palm oil futures hit their highest close in more than six weeks on Friday and posted a second...

Published 20 Feb, 2023 06:26am

Markets

Palm oil climbs for second day as Indonesia looks to suspend export permits

SINGAPORE: Malaysian palm oil futures rose for a second session on Tuesday, underpinned by supply concerns following...

Published 08 Feb, 2023 06:10am

BR Research

Palm oil prices to stay high

International palm oil prices have stabilized, having hit record highs last year. Pakistan’s import unit cost for...

Published 25 Jan, 2023 09:21am

Markets

Palm oil posts weekly losses as optimism over lower stocks wanes

JAKARTA: Malaysian palm oil futures dropped for a third session on Friday to post a weekly decline, as buying...

Published 09 Jan, 2023 06:01am

Markets

Palm oil posts annual loss after three years of gains

KUALA LUMPUR: Malaysian palm oil futures rose on Friday as top producer Indonesia tightened export rules, although...

Published 02 Jan, 2023 05:54am

Markets

Palm oil drops after hitting 4-week high

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Wednesday after hitting a near four-week high on...

Published 29 Dec, 2022 05:59am

Markets

Palm oil rises as inventories drop for first time in 6 months

JAKARTA: Malaysian palm oil futures extended gains to a second session on Wednesday, as lower-than-expected...

Published 15 Dec, 2022 06:00am

Markets

Palm hits near seven-week high on weather woes

KUALA LUMPUR: Malaysian palm oil futures on Wednesday rose to their highest level in nearly seven weeks, as fears of...

Published 20 Oct, 2022 05:36am

Markets

Palm oil may retest resistance at 3,796 ringgit

SINGAPORE: Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain...

Published 21 Sep, 2022 10:48am

BR Research

Palm oil: Ill-timed imports?

Pakistan imported $417 million worth of palm oil in August 2022 – easily the highest ever. The imported unit cost...

Updated 21 Sep, 2022 09:25pm

Opinion

Outlook for inflation

The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation...

Published 14 Jun, 2022 05:56am

Business & Finance

Post-budget press conference: Fiscal tightening on the cards

Miftah Ismail says energy sector’s woes have deepened due to mismanagement, unbearably high transmission and distribution losses
PM Shehbaz Sharif talked to the Indonesian President about palm oil
IMF not happy with the government measure to increase income tax exemption for salaried class

Updated 11 Jun, 2022 05:57pm

Markets

Palm oil rises on crude oil rally, Indonesia export resumption caps gains

JAKARTA: Palm oil futures in Malaysia clawed back on Tuesday after two days of losses, tracking crude oil and rival...

Published 31 May, 2022 11:54am

Markets

Palm oil may test resistance at 6,423 ringgit

SINGAPORE: Palm oil may test a resistance at 6,423 ringgit per tonne, as it has stabilized around a support at 6,220...

Published 31 May, 2022 10:13am

Markets

India’s March palm oil imports jump as Ukraine sunoil supplies halt

MUMBAI: India’s palm oil imports jumped 18.7% in March from the previous month, as traders moved to secure...

Published 13 Apr, 2022 12:23pm

Markets

Palm oil neutral in 5,744-5,966 ringgit range

SINGAPORE: Palm oil looks neutral in a range of 5,744 ringgit to 5,966 ringgit per tonne, and an escape could ...

Published 08 Apr, 2022 11:01am

Markets

Palm oil may fall into 5,606-5,744 ringgit range

SINGAPORE: Palm oil may fall into a range of 5,606 ringgit to 5,744 ringgit per tonne, as it could have completed a...

Published 07 Apr, 2022 10:23am

Markets

Palm oil may test resistance at 5,966 ringgit

SINGAPORE: Palm oil may test a resistance at 5,966 ringgit per tonne, a break above may lead to a gain to 6,104...

Published 06 Apr, 2022 10:49am

Markets

Palm rises as supply outlook tightens, crude oil surges

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, rebounding from previous session's sharp losses, as oil...

Published 07 Mar, 2022 10:46am

Markets

Palm surges past 7,000 ringgit to record high on Black Sea supply woes

KUALA LUMPUR: Malaysian palm oil futures jumped past 7,000 ringgit to hit a record high on Wednesday, extending a...

Published 02 Mar, 2022 12:13pm

Markets

Palm oil jumps over 3% to record high as Ukraine closes ports

KUALA LUMPUR: Malaysian palm oil futures jumped to a record high on Tuesday, as the shutting of Ukrainian ports...

Published 01 Mar, 2022 01:14pm

Markets

Palm jumps 4%, hits all-time high on Ukraine attacks

KUALA LUMPUR: Malaysian palm oil futures spiked 4% on Thursday to a record high, the biggest daily increase in six...

Published 24 Feb, 2022 11:36am

Markets

Palm oil hits record high on supply concerns over Ukraine crisis

KUALA LUMPUR: Malaysian palm oil futures hit a record high on Wednesday, helped by supply jitters amid escalating...

Published 23 Feb, 2022 11:32am

Markets

Palm oil may test resistance zone of 5,794-5,868 ringgit

SINGAPORE: Palm oil may test a resistance zone of 5,794-5,868 ringgit per tonne, a break above which could lead to a...

Published 22 Feb, 2022 10:42am

Markets

Palm oil may break support at 5,484 ringgit and fall more

SINGAPORE: Palm oil may test a support at 5,484 ringgit per tonne, with a good chance of breaking below this level...

Published 21 Feb, 2022 11:23am

Markets

Palm oil may test resistance at 5,608 ringgit

SINGAPORE: Palm oil may test a resistance at 5,608 ringgit per tonne, a break above which could lead to a gain to...

Published 18 Feb, 2022 09:50am

Markets

Palm oil edges higher as early Feb exports improve

KUALA LUMPUR: Malaysian palm oil futures firmed on Tuesday, after ending at a record high in the previous session, ...

Published 15 Feb, 2022 11:20am

Markets

Palm oil may hover below 5,676 ringgit

SINGAPORE: Palm oil faces a resistance at 5,676 ringgit per tonne. It may hover below this level or retrace towards...

Published 15 Feb, 2022 09:45am

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.52 ▲ 0.18 (13.43%)
Pak Agro Pack. (GEM) / Mar 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.88 ▲ 0.88 (11.00%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	13.30 ▲ 1.00 (8.13%)
Khyber Tex. / Mar 22 Khyber Textile Mills Limited(KHYT)	257.53 ▲ 17.96 (7.50%)
Allied Rent. / Mar 22 Allied Rental Modaraba(ARM)	27.83 ▲ 1.94 (7.49%)
Khairpur / Mar 22 Khairpur Sugar Mills Limited(KPUS)	61.69 ▲ 4.30 (7.49%)
Metro Steel / Mar 22 Metropolitan Steel Corporation Limited(MSCL)	27.55 ▲ 1.92 (7.49%)
Adamjee Life Assur. / Mar 22 Adamjee Life Assurance Company Limited(ALIFE)	18.43 ▲ 1.28 (7.46%)
John&Philips / Mar 22 Johnson & Phillips (Pakistan) Limited(JOPP)	38.95 ▲ 2.44 (6.68%)
Ismail Ind. / Mar 22 Ismail Industries Limited(ISIL)	487.74 ▲ 29.55 (6.45%)

Stock	Price
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	116 ▼ -25.68 (-18.13%)
Pak Gen.Ins. / Mar 22 The Pakistan General Insurance Co. Ltd.(PKGI)	3.76 ▼ -0.64 (-14.55%)
Dewan Textile / Mar 22 Dewan Textile Mills Limited(DWTM)	2.01 ▼ -0.32 (-13.73%)
Popular Islamic / Mar 22 Popular Islamic Modaraba(PIM)	7.05 ▼ -0.95 (-11.88%)
Habib Metropol. / Mar 22 Habib Metropolitan Bank Limited(HMB)	31.68 ▼ -4.04 (-11.31%)
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	10 ▼ -1.23 (-10.95%)
F.Treet Manuf / Mar 22 First Treet Manufacturing Modaraba(FTMM)	7.10 ▼ -0.75 (-9.55%)
B.O.Punjab / Mar 22 The Bank of Punjab(BOP)	4.07 ▼ -0.36 (-8.13%)
Kohat Textile / Mar 22 Kohat Textile Mills Limited(KOHTM)	11.55 ▼ -0.96 (-7.67%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	5.65 ▼ -0.46 (-7.53%)

Stock	Volume
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	25,054,065 ▼ -0.06
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	16,643,395 ▲ 0.02
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	15,140,985 ▼ -0.12
Maple Leaf Cement / Mar 22 Maple Leaf Cement Factory Limited(MLCF)	9,688,020 ▲ 0.18
Pak Int.Bulk / Mar 22 Pakistan International Bulk Terminal(PIBTL)	6,626,500 ▼ -0.06
Dewan Motors / Mar 22 Dewan Farooque Motors Limited(DFML)	6,524,000 ▼ -0.28
Bankislami Pak. / Mar 22 BankIslami Pakistan Limited(BIPL)	5,405,500 ▼ -1.23
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,708,036 ▲ 0.10
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.34
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	131.23
USD to Swiss Franc / Mar 21	0.93
Pound Sterling to USD / Mar 21	1.23
Euro to USD / Mar 21	1.07
UK LIBOR % / Mar 20	4.56

Stock	Volume
S&P 500 / Mar 20	3951.57
Tokyo Nikkei / Mar 20	26945.67
Nasdaq / Mar 20	11675.54
Dow Jones / Mar 20	32244.58
India Sensex / Mar 21	58074.68
Hang Seng / Mar 21	19128.12
FTSE 100 / Mar 21	7481.91
Germany DAX 30 / Mar 21	15117.14
France CAC40 / Mar 21	7112.90

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 20	19235
Gold 10 Grams PKR / Mar 20	177726
Crude Oil USD/Barrel / Mar 21	67.15
Gold Spot USD/Ounce / Mar 21	1982.31
Cotton US¢/pound / Mar 21	77.62

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