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%)

Raw sugar futures tumbled due to late speculative sales to finish Thursday at a two-week low and the market could test the lower end of its trading band before the weekend, brokers said.
The New York Board of Trade's March raw sugar contract slid 0.26 cent, or by 2.2 percent, to close at 11.53 cents per lb, near the bottom of its 11.52-11.71 band. On a spot basis, it was the lowest close for sugar since November 3 when it ended at 11.31 cents.
May lost 0.21 to 11.69 cents. The rest declined from 0.09 to 0.19 cent. Sugar has been moving in a band for most of the past few sessions between 11 and 12 cents, popping briefly over the 12 cents area before speculative liquidation beat it back. "The sugar market is looking for some fresh impetus," said Steve Platt of Archer Financial Services.
Technicians feel support for the March contract would be at 11.50 and then in layers down to 11 cents. They forecast resistance at 12 and then 12.30 cents.
Volume before the close reached 28,608 lots, from the prior count of 35,234 lots. Call volume amounted to 9,217 lots and puts reached 5,821 lots. Open interest in the No 11 raw sugar market jumped 4,975 to 505,266 lots as of November 15. There were no deals in the ethanol market.

Copyright Reuters, 2006

Comments

Comments are closed.