AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

London sugar futures closed higher on speculative buying on Wednesday, buoyed by the New York raw sugar futures market, but traders said underlying physical business remained slack. December settled up $2.60 at $404.50 a tonne, near the top of the day's range of $405.50 to $399.70.
Total volume was 8,078 lots. The London market pushed higher in sympathy with New York raw sugar futures, bolstered by local and speculative buying, traders said.
They said underlying global physical sugar trade appeared routine and light as many importing countries, such as Russia, pressed on with domestic harvests.
The International Sugar Organisation on Wednesday raised its forecast for the world sugar surplus in 2006/07 (October/ September) to 5.8 million tonnes, up from a previous projection of 2.2 million.
COFFEE HIGHER: London robusta coffee futures closed higher on Wednesday boosted by speculative buying as the market resumed its recent upward trend after absorbing a bout of profit-taking, dealers said.
January ended up $13 at $1,608 a tonne as the market rebounded from an earlier low of $1,574. A bout of profit-taking has seen prices dip more than $60 after the second month climbed to a 7-1/2 year high of $1,636 on Tuesday.
"It is speculative buying (driving prices higher again)," one dealer said, adding renewed strength in New York arabica futures had helped to fuel buying in London.
COCOA FIRMER: London cocoa futures closed higher on follow-through speculative short covering on Wednesday, propelled by US futures, traders said.
December settled up 5 pounds at 852 pounds a tonne after touching 860 pounds, its highest in nearly seven weeks. Total volume was 14,770 lots. "There was been more spec buying and short covering," one trader said. "It is follow-through buying from yesterday."

Copyright Reuters, 2006

Comments

Comments are closed.