LONDON: Funds have been reducing their bets on lower copper prices as macroeconomic headwinds abate and the market collectively reassesses copper’s supply dynamics.
Money managers are now marginally net long of copper on both the London Metal Exchange (LME) and CME contracts.
The shift in positioning has been playing out since the end of October, when LME three-month copper was threatening to break down through key technical support at May lows between $7,867 and $7,871 per metric ton.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Dec 20
|
278.48
|
|
USD PKR Interbank Buying
/ Dec 20
|
278.28
|
|
USD to Japanese Yen
/ Dec 20
|
156.31
|
|
USD to Swiss Franc
/ Dec 20
|
0.89
|
|
Pound Sterling to USD
/ Dec 20
|
1.26
|
|
Euro to USD
/ Dec 20
|
1.04
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Dec 20
|
5,930.85
|
|
India Sensex
/ Dec 20
|
78,041.59
|
|
Tokyo Nikkei
/ Dec 20
|
38,701.90
|
|
Nasdaq
/ Dec 20
|
19,572.60
|
|
Hang Seng
/ Dec 20
|
19,720.70
|
|
FTSE 100
/ Dec 20
|
8,084.36
|
|
Dow Jones
/ Dec 20
|
42,840.26
|
|
Germany DAX 30
/ Dec 20
|
19,884.75
|
| Item | Value |
|---|---|
|
Crude Oil USD/Barrel
/ Dec 20
|
69.46
|
|
Gold 10 Grams PKR
/ Dec 20
|
234,311
|
|
Gold Spot USD/Ounce
/ Dec 20
|
2,622.91
|
|
Cotton US¢/pound
/ Dec 20
|
68.06
|
|
Karachi Cotton PKR/37.32 KG
/ Dec 21
|
17,585
|
|
Petrol/Litre
/ Dec 22
|
252.10
|
| Stock | Price |
|---|---|
|
Media Times Ltd
/ Dec 20
Media Times Limited(MDTL)
|
2.37
▲ 0.37
(18.50%)
|
|
Pace (Pak) Ltd.
/ Dec 20
Pace (Pakistan) Limited(PACE)
|
7.23
▲ 1.00
(16.05%)
|
|
Ist.Capital Sec
/ Dec 20
First Capital Securities Corporation(FCSC)
|
2.12
▲ 0.26
(13.98%)
|
|
Khalid Siraj
/ Dec 20
Khalid Siraj Textile Mills Limited(KSTM)
|
9.60
▲ 0.97
(11.24%)
|
|
Aruj Industries
/ Dec 20
Aruj Industries Limited(ARUJ)
|
9.90
▲ 0.98
(10.99%)
|
|
Escorts Bank
/ Dec 20
Escorts Investment Bank Limited(ESBL)
|
4.79
▲ 0.47
(10.88%)
|
|
Cresent Jute
/ Dec 20
Crescent Jute Products Limited(CJPL)
|
4.20
▲ 0.40
(10.53%)
|
|
S.G.Power
/ Dec 20
S.G. Power Limited(SGPL)
|
11.19
▲ 1.02
(10.03%)
|
|
P.T.C.L.
/ Dec 20
Pakistan Telecommunication Company Ltd(PTC)
|
25.80
▲ 2.35
(10.02%)
|
| Stock | Price |
|---|---|
|
LSE Financial Serv.
/ Dec 20
LSE Financial Services Limited(LSEFSL)
|
16.25
▼ -1.81
(-10.02%)
|
|
Dar-es-Salaam
/ Dec 20
Dar-es-Salaam Textile Mills Limited(DSML)
|
41.93
▼ -4.66
(-10.00%)
|
|
Maqbool Tex.
/ Dec 20
Maqbool Textile Mills Limited(MQTM)
|
31.05
▼ -3.45
(-10.00%)
|
|
Reliance Cotton
/ Dec 20
Reliance Cotton Spinning Mills Limited(RCML)
|
621
▼ -69.00
(-10.00%)
|
|
Sanghar Sugar
/ Dec 20
Sanghar Sugar Mills Limited(SANSM)
|
27.72
▼ -3.08
(-10.00%)
|
|
Olympia Mills
/ Dec 20
Olympia Mills Limited(OML)
|
34.58
▼ -3.84
(-9.99%)
|
|
Nagina Cot.
/ Dec 20
Nagina Cotton Mills Limited(NAGC)
|
48.92
▼ -5.41
(-9.96%)
|
|
Oilboy Energy
/ Dec 20
Oilboy Energy Limited(OBOY)
|
11.39
▼ -1.26
(-9.96%)
|
|
Arpak Int.
/ Dec 20
Arpak International Investments Ltd.(ARPAK)
|
65.22
▼ -7.19
(-9.93%)
|
| Stock | Volume |
|---|---|
|
WorldCall Telecom
/ Dec 20
Worldcall Telecom Limited(WTL)
|
177,645,248
▲ 0.10
|
|
K-Electric Ltd.
/ Dec 20
K-Electric Limited(KEL)
|
81,901,542
▲ 0.16
|
|
Cnergyico PK
/ Dec 20
Cnergyico PK Limited(CNERGY)
|
68,345,098
▲ 0.12
|
|
Pak Elektron
/ Dec 20
Pak Elektron Limited(PAEL)
|
57,974,101
▲ 1.47
|
|
Pak Refinery
/ Dec 20
Pakistan Refinery Limited(PRL)
|
45,251,944
▲ 0.40
|
|
Pace (Pak) Ltd.
/ Dec 20
Pace (Pakistan) Limited(PACE)
|
43,240,462
▲ 1.00
|
|
Sui South Gas
/ Dec 20
Sui Southern Gas Company Limited(SSGC)
|
40,539,001
▼ -0.74
|
|
B.O.Punjab
/ Dec 20
The Bank of Punjab(BOP)
|
35,598,669
▲ 0.24
|
|
Symmetry Group
/ Dec 20
Symmetry Group Limited(SYM)
|
34,869,613
▼ -0.72
|
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