Trends - ringgit - Business Recorder

ringgit

Palm oil may test support at 3,300 ringgit

The drop observes a set of projection levels on the uptrend from 2,764 ringgit. The nearest support is at 3,300 ringgit, the 161.8% level.

Published 18 Jan, 2021 11:22am

Markets

Palm oil snaps five-day decline on bargain-hunting

The contract slipped nearly 11% last week as cargo surveyors reported a 42% monthly decline in exports during Jan. 1-15.

Published 18 Jan, 2021 10:43am

Markets

Palm oil may bounce into 3,592-3,631 ringgit range before falling

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 15 Jan, 2021 11:23am

Markets

Palm oil may fall into 3,592-3,631 ringgit range

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 14 Jan, 2021 11:49am

Markets

Palm falls as Jan 1-10 exports plunge

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 20 ringgit, or 0.5%, to 3,810 ringgit ($942.60) a tonne in early trade.

Published 11 Jan, 2021 11:36am

Markets

Palm oil may test resistance at 3,856 ringgit

A correction from the current level may be limited to 3,757 ringgit.

Published 06 Jan, 2021 02:29pm

Markets

Palm oil holds near 10-year high on tight supply outlook, stronger Dalian

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 06 Jan, 2021 12:55pm

Markets

Palm oil still targets 3,757 ringgit

The resistance at 3,712 ringgit triggered a moderate correction, which may be limited to a support at 3,631 ringgit.

Published 05 Jan, 2021 09:52am

Markets

Palm oil may rise to 3,757 ringgit

On the daily chart, the contract is poised to test a resistance at 3,698 ringgit, the 86.4% projection level of an upward wave C from 2,691 ringgit.

Published 04 Jan, 2021 10:12am

Markets

Palm tracks rival oils higher, stronger ringgit caps gains

The contract was primarily propped up by more expensive oils elsewhere. Dalian's most-active soyoil contract rose 1.2%, while its palm oil contract jumped 1%.

Published 31 Dec, 2020 10:25am

Markets

Palm tracks soyoil fall ahead of talks to end Argentine labour strike

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 12 ringgit, or 0.34%, to 3,530 ringgit ($871.60) a tonne during early trade.

Published 29 Dec, 2020 09:19am

Markets

Palm oil may rise to 3,631 ringgit

Support is at 3,504 ringgit, a break below may cause a very shallow fall to 3,474 ringgit.

Published 24 Dec, 2020 10:23am

Markets

Palm oil may retest resistance at 3,474 ringgit

Support is at 3,426 ringgit, a break below which could cause a fall into the 3,348-3,381 ringgit range.

Published 21 Dec, 2020 10:05am

Markets

Palm edges up as rival oils gain, exports strengthen

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.4pc, to 3,368 ringgit ($831.81).

Published 16 Dec, 2020 05:02pm

Markets

Palm oil may retest resistance at 3,474 ringgit

This move suggests that the bulls have not given up breaking 3,411 ringgit. Indeed, this resistance looks vulnerable under the third attacks by bulls. It may be broken on either Friday or next Monday.

Published 11 Dec, 2020 09:04am

Markets

Palm oil slips for third day on weaker Dalian oils

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange slid 15 ringgit, or 0.45%, to 3,351 ringgit a tonne in early trade.

Published 09 Dec, 2020 09:13am

Markets

Palm oil may rise into 3,474-3,504 ringgit range

Immediate support is at 3,426 ringgit, a break below which could cause a fall into 3,348-3,381 ringgit range.

Published 07 Dec, 2020 09:28am

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Dewan Sugar / Jul 2 Dewan Sugar Mills Limited(DWSM)	2.99 ▲ 0.80 (36.53%)
Yousuf Weaving / Jul 2 Yousaf Weaving Mills Limited(YOUW)	5.51 ▲ 0.56 (11.31%)
Ashfaq Textile / Jul 2 Ashfaq Textile Mills Limited(ASHT)	8.90 ▲ 0.90 (11.25%)
Azgard Nine / Jul 2 Azgard Nine Limited(ANL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Jul 2 Tri-Star Power Limited(TSPL)	3.79 ▲ 0.29 (8.29%)
Sanofi-Aventis / Jul 2 Sanofi-Aventis Pakistan Limited(SAPL)	1148.48 ▲ 80.12 (7.50%)
Bolan Casting / Jul 2 Bolan Castings Limited(BCL)	53.55 ▲ 3.73 (7.49%)
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Allawasaya Tex / Jul 2 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1525.00 ▲ 106.00 (7.47%)

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F.Treet Manuf / Jul 2 First Treet Manufacturing Modaraba(FTMM)	9.78 ▲ -1.00 (-9.28%)
Husein Sug.Convert.Pref. / Jul 2 Husein Sugar Mills Ltd Convertible Preference Shares(HSMCPS)	4.99 ▲ -0.51 (-9.27%)
AEL Textile / Jul 2 AEL Textile Limited(AEL)	12.95 ▲ -1.05 (-7.50%)
Ellcot Spinning / Jul 2 Ellcot Spinning Mills Limited(ELSM)	150.77 ▲ -12.22 (-7.50%)
TPL Insurance / Jul 2 TPL Insurance Limited(TPLI)	31.21 ▲ -2.53 (-7.50%)
Bank Of Khyber / Jul 2 The Bank of Khyber(BOK)	13.92 ▲ -1.08 (-7.20%)
Pak Gen.Ins. / Jul 2 The Pakistan General Insurance Co. Ltd.(PKGI)	10.16 ▲ -0.77 (-7.04%)
Kohinoor Mills / Jul 2 Kohinoor Mills Limited(KML)	25.00 ▲ -1.75 (-6.54%)
Jahangir Sidd(Pref) / Jul 2 Jahangir Sidd(Pref)(JSCLPSA)	7.50 ▲ -0.44 (-5.54%)
Quice Food / Jul 2 Quice Food Industries Limited(QUICE)	3.82 ▲ -0.19 (-4.74%)

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Agritech Limited / Jul 2 Agritech Limited(AGL)	9,614,500 ▼ 0.00
Yousuf Weaving / Jul 2 Yousaf Weaving Mills Limited(YOUW)	5,016,500 ▼ 0.00
Kohinoor Spining / Jul 2 Kohinoor Spinning Mills Limited(KOSM)	4,705,000 ▼ 0.00
G3 Technologies / Jul 2 G3 Technologies Limited(GTECH)	4,358,000 ▼ 0.00
Azgard Nine / Jul 2 Azgard Nine Limited(ANL)	4,332,500 ▼ 0.00
TPL Properties / Jul 2 TPL Properties Limited(TPLP)	3,891,837 ▼ 0.00
Sui North Gas / Jul 2 Sui Northern Gas Pipelines Limited(SNGP)	2,448,092 ▼ 0.00
WorldCall Telecom / Jul 2 Worldcall Telecom Limited(WTL)	2,072,000 ▼ 0.00
Pak Int.Bulk / Jul 2 Pakistan International Bulk Terminal(PIBTL)	2,010,000 ▼ 0.00
Pak Refinery / Jul 2 Pakistan Refinery Limited(PRL)	1,717,062 ▼ 0.00

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Forex
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Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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