AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 136.75 Increased By ▲ 2.56 (1.91%)
BOP 9.22 Increased By ▲ 0.37 (4.18%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.83 Increased By ▲ 0.16 (1.85%)
DFML 38.44 Decreased By ▼ -1.34 (-3.37%)
DGKC 85.40 Increased By ▲ 0.25 (0.29%)
FCCL 35.35 Increased By ▲ 0.45 (1.29%)
FFBL 76.99 Increased By ▲ 1.39 (1.84%)
FFL 12.70 Decreased By ▼ -0.04 (-0.31%)
HUBC 108.79 Decreased By ▼ -0.66 (-0.6%)
HUMNL 14.74 Increased By ▲ 0.64 (4.54%)
KEL 5.55 Increased By ▲ 0.15 (2.78%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 40.70 Decreased By ▼ -0.67 (-1.62%)
NBP 71.40 Increased By ▲ 1.70 (2.44%)
OGDC 194.75 Increased By ▲ 1.13 (0.58%)
PAEL 27.00 Increased By ▲ 0.79 (3.01%)
PIBTL 7.48 Increased By ▲ 0.06 (0.81%)
PPL 167.95 Increased By ▲ 4.10 (2.5%)
PRL 26.25 Decreased By ▼ -0.11 (-0.42%)
PTC 20.40 Increased By ▲ 0.93 (4.78%)
SEARL 92.84 Increased By ▲ 8.44 (10%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.32 Increased By ▲ 1.27 (3.73%)
TPLP 8.98 Increased By ▲ 0.26 (2.98%)
TREET 17.34 Increased By ▲ 0.16 (0.93%)
TRG 59.50 Decreased By ▼ -1.50 (-2.46%)
UNITY 31.00 Increased By ▲ 2.04 (7.04%)
WTL 1.39 Increased By ▲ 0.02 (1.46%)
BR100 10,895 Increased By 118.9 (1.1%)
BR30 32,660 Increased By 426.2 (1.32%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Key Tokyo rubber futures fell on Monday to settle at their lowest level in more than a month, as sentiment was weighed down by a drop in oil prices, offsetting the positive impact from a weaker yen. The key Tokyo Commodity Exchange rubber contract for August delivery fell 7.1 yen or more than 2 percent to settle at 281.5 yen per kg, its lowest settlement since 276.5 yen on February 10.
Sentiment weakened after prices finished below the key psychological level of 290 yen per kg, dealers said. Asian physical rubber prices were slightly lower on Monday, tracking falls in TOCOM futures contracts. Oil extended losses to below $81 a barrel earlier on Monday before steadying above $81 later in the day.
Oil slipped more than 1 percent the previous business day when data showed a drop in US consumer confidence, reigniting investor concerns about energy demand in the world's largest oil consumer. The euro fell 0.2 percent against the dollar on Monday, sliding from a one-month peak hit on Friday when investors pared back large bearish bets on the single currency following strong euro zone economic data.
The US currency was up 0.1 percent against the yen. A weaker yen usually helps improve sentiment for yen-priced rubber futures as it inflates their value. Deliverable rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 5.9 percent in the week ended Thursday, the exchange said on Friday. Nissan Motor launched its much-awaited, low-cost compact car in Thailand on Friday, aiming to become a major force in the fast-growing segment with a global sales target of 1 million units a year by 2013.

Copyright Reuters, 2010

Comments

Comments are closed.