AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.80 Decreased By ▼ -1.42 (-1.08%)
BOP 7.15 Increased By ▲ 0.34 (4.99%)
CNERGY 4.62 Decreased By ▼ -0.09 (-1.91%)
DCL 8.42 Decreased By ▼ -0.02 (-0.24%)
DFML 41.00 Decreased By ▼ -0.47 (-1.13%)
DGKC 81.60 Decreased By ▼ -0.49 (-0.6%)
FCCL 32.75 Decreased By ▼ -0.35 (-1.06%)
FFBL 72.33 Decreased By ▼ -0.54 (-0.74%)
FFL 12.35 Increased By ▲ 0.09 (0.73%)
HUBC 109.85 Decreased By ▼ -0.89 (-0.8%)
HUMNL 14.10 Decreased By ▼ -0.41 (-2.83%)
KEL 5.08 Decreased By ▼ -0.11 (-2.12%)
KOSM 7.63 Increased By ▲ 0.02 (0.26%)
MLCF 38.40 Decreased By ▼ -0.50 (-1.29%)
NBP 69.57 Increased By ▲ 5.56 (8.69%)
OGDC 189.25 Decreased By ▼ -3.57 (-1.85%)
PAEL 25.50 Decreased By ▼ -0.18 (-0.7%)
PIBTL 7.45 Increased By ▲ 0.11 (1.5%)
PPL 150.45 Decreased By ▼ -3.62 (-2.35%)
PRL 25.39 Decreased By ▼ -0.44 (-1.7%)
PTC 17.34 Decreased By ▼ -0.47 (-2.64%)
SEARL 81.05 Decreased By ▼ -1.25 (-1.52%)
TELE 7.60 Decreased By ▼ -0.16 (-2.06%)
TOMCL 33.08 Decreased By ▼ -0.38 (-1.14%)
TPLP 8.33 Decreased By ▼ -0.16 (-1.88%)
TREET 17.03 Increased By ▲ 0.41 (2.47%)
TRG 57.62 Increased By ▲ 0.22 (0.38%)
UNITY 28.09 Increased By ▲ 0.58 (2.11%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
BR100 10,545 Increased By 40.3 (0.38%)
BR30 30,991 Decreased By -235.4 (-0.75%)
KSE100 98,556 Increased By 476 (0.49%)
KSE30 30,734 Increased By 174.9 (0.57%)

Raw sugar prices closed lower Tuesday on producer and speculative sales to scupper an early advance and most analysts feel the market may see further weakness due to bearish fundamentals in the days ahead.
The New York Board of Trade's March raw sugar contract dropped 0.11 cent to end at 11.69 cents per lb, ranging from 11.58 to 12.05 cents. May eased 0.09 to 11.86 cents. One contract aside, the rest lost 0.10 cent.
Technicians believe the next area of resistance for the March contract is at 11.90 and 12.05 cents, with support in the region of 11.47/50 and then down to 11 cents.
Volume before the close stood at 28,299 lots, from the previous count of 35,992 lots. Call volume reached 8,514 lots and puts amounted to 6,092 lots. Open interest in the No 11 raw sugar market rose 55 to 456,710 lots as of October 23.
No deals were done in the ethanol market. US domestic sugar prices settled mixed. The January contract rose 0.02 to 20.231 cents per lb and March eased 0.03 to 20.30 cents. The rest ranged from 0.07 cent lower to 0.02 cent firmer. Volume before the end of business hit 52 lots, from the prior tally of 411 lots.

Copyright Reuters, 2006

Comments

Comments are closed.