AGL 38.09 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 136.34 Increased By ▲ 2.15 (1.6%)
BOP 9.20 Increased By ▲ 0.35 (3.95%)
CNERGY 4.72 Increased By ▲ 0.03 (0.64%)
DCL 8.85 Increased By ▲ 0.18 (2.08%)
DFML 38.34 Decreased By ▼ -1.44 (-3.62%)
DGKC 85.45 Increased By ▲ 0.30 (0.35%)
FCCL 35.15 Increased By ▲ 0.25 (0.72%)
FFBL 76.21 Increased By ▲ 0.61 (0.81%)
FFL 12.66 Decreased By ▼ -0.08 (-0.63%)
HUBC 108.70 Decreased By ▼ -0.75 (-0.69%)
HUMNL 14.73 Increased By ▲ 0.63 (4.47%)
KEL 5.58 Increased By ▲ 0.18 (3.33%)
KOSM 7.96 Increased By ▲ 0.21 (2.71%)
MLCF 40.78 Decreased By ▼ -0.59 (-1.43%)
NBP 70.94 Increased By ▲ 1.24 (1.78%)
OGDC 195.25 Increased By ▲ 1.63 (0.84%)
PAEL 26.96 Increased By ▲ 0.75 (2.86%)
PIBTL 7.46 Increased By ▲ 0.04 (0.54%)
PPL 168.02 Increased By ▲ 4.17 (2.55%)
PRL 26.19 Decreased By ▼ -0.17 (-0.64%)
PTC 20.34 Increased By ▲ 0.87 (4.47%)
SEARL 92.75 Increased By ▲ 8.35 (9.89%)
TELE 7.84 Decreased By ▼ -0.15 (-1.88%)
TOMCL 35.49 Increased By ▲ 1.44 (4.23%)
TPLP 8.91 Increased By ▲ 0.19 (2.18%)
TREET 17.29 Increased By ▲ 0.11 (0.64%)
TRG 59.27 Decreased By ▼ -1.73 (-2.84%)
UNITY 31.02 Increased By ▲ 2.06 (7.11%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,901 Increased By 125.5 (1.16%)
BR30 32,654 Increased By 420 (1.3%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

London sugar futures closed mixed on Tuesday after a session marked by trade and speculative buying against speculative selling, and dealers noted firm demand for high-quality refined sugar. May settled up $2.10 to $347.90 per tonne in moderate volume of 3,996 lots, having moved from $350.10 to $344.0.
August finished down 60 cents to $329.50. Traders noted firm trade buying pressure in the front month against speculative selling pressure. "Quality sugar is in demand," one trader said, anticipating upward price pressure in the coming days.
Traders said rises in raw sugar futures had outpaced white sugar futures, narrowing the whites-over-raws premium to around $115.50 between the London and New York May contracts, from $117 on Monday.
COCOA CLOSES BELOW 8-MONTH HIGH: London benchmark cocoa futures closed below fresh eight-month peaks on Tuesday as funds continued a buying spree and profit-taking limited gains, dealers said.
Benchmark May closed at 1,006 pounds a tonne, down one pound. The contract rose to a peak of 1,010 pounds in early trade, the highest for the second month since July 17, 2006. "We saw fund buying at the beginning of the session, and we saw fund selling from mid-morning," a trader said.
Dealers said the market's run-up, which has seen prices for the second month climb more than 20 percent since late November, was driven by concerns about crop prospects in West Africa and bullish technicals.
COFFEE EASIER: London robusta coffee futures closed easier on Tuesday, with speculators on both sides of the market, dealers said. Benchmark May closed $19 down at $1,506 per tonne after trading in a range from $1,540 to $1,505. Total volume was a modest 9,321 lots.
Dealers noted no price impact from a forecast from the International Coffee Organisation (ICO) that 2007/08 world coffee production was expected to total around 112 million 60-kg bags, down from 122 million in 2006/7.

Copyright Reuters, 2007

Comments

Comments are closed.