AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.58 Increased By ▲ 0.54 (0.43%)
BOP 6.64 Decreased By ▼ -0.03 (-0.45%)
CNERGY 4.60 Increased By ▲ 0.09 (2%)
DCL 8.43 Decreased By ▼ -0.12 (-1.4%)
DFML 41.50 Increased By ▲ 0.06 (0.14%)
DGKC 86.70 Decreased By ▼ -0.15 (-0.17%)
FCCL 32.20 Decreased By ▼ -0.08 (-0.25%)
FFBL 65.48 Increased By ▲ 0.68 (1.05%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 110.80 Increased By ▲ 1.23 (1.12%)
HUMNL 14.97 Increased By ▲ 0.29 (1.98%)
KEL 5.18 Increased By ▲ 0.13 (2.57%)
KOSM 7.12 Decreased By ▼ -0.34 (-4.56%)
MLCF 41.25 Decreased By ▼ -0.13 (-0.31%)
NBP 60.24 Decreased By ▼ -0.17 (-0.28%)
OGDC 193.65 Increased By ▲ 3.55 (1.87%)
PAEL 28.00 Increased By ▲ 0.17 (0.61%)
PIBTL 7.97 Increased By ▲ 0.14 (1.79%)
PPL 151.00 Increased By ▲ 0.94 (0.63%)
PRL 27.14 Increased By ▲ 0.26 (0.97%)
PTC 16.30 Increased By ▲ 0.23 (1.43%)
SEARL 78.37 Decreased By ▼ -7.63 (-8.87%)
TELE 7.45 Decreased By ▼ -0.26 (-3.37%)
TOMCL 35.67 Increased By ▲ 0.26 (0.73%)
TPLP 7.91 Decreased By ▼ -0.21 (-2.59%)
TREET 16.00 Decreased By ▼ -0.41 (-2.5%)
TRG 53.18 Decreased By ▼ -0.11 (-0.21%)
UNITY 26.75 Increased By ▲ 0.59 (2.26%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 9,884 No Change 0 (0%)
BR30 30,600 No Change 0 (0%)
KSE100 93,943 Increased By 587.9 (0.63%)
KSE30 29,119 Increased By 188.2 (0.65%)

US wheat futures were mixed on Wednesday in choppy early dealings while prospects for USDA early on Friday to trim its outlook for old-crop US wheat ending stocks gave the market some underlying support, traders said. Commodities are increasingly seen as a safe haven for investment money as a hedge against inflation.
At 10:05 am CST (1605 GMT), Chicago Board of Trade wheat was down 5-1/2 cents to up 1-1/2, with March unchanged at $9.07-1/2 per bushel. Gains in gold and crude oil as the dollar remains weak were also lending support in addition to an analyst average that showed old-crop US wheat ending stocks declining from a previous estimate.
Export activity on Wednesday was fairly routine with South Korea buying 21,300 tonnes of US wheat for April shipment. The nine-day relative strength index was at 46. Traders view an RSI of 70 or more as one indication of an overbought market and 30 or less as an indication of an overbought market.

Copyright Reuters, 2008

Comments

Comments are closed.