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%)

Gold fell more than 1 percent on Wednesday as the dollar firmed after Democratic contender Barrack Obama won election as the country's 44th chief executive, stirring the prospect of new policies to banish poll campaign uncertainty.
The dollar extended gains against a basket of major currencies after posting its biggest one-day slide in 13 years the previous session, which in theory reduced bullion's appeal as an alternative investment. Gold was trading at $750.75 an ounce, down $11.20 from New York's notional close on Tuesday, when it rallied around 5 percent on a weak dollar. Follow-through buying pushed up gold to a high of $768 on Wednesday before profit-taking kicked in.
Obama captured the White House after defeating Republican John McCain to make history as the first black US president. He faces a welter of challenges, from tackling an economic crisis to ending the war in Iraq and trying to overhaul the US health care system.
Gold has rebounded more than 10 percent since falling to 13-month low at $680.80 in late October, when investors cashed in bullion to pay losses in stock markets. The metal was still below a two-month high of $931 also hit last month as it struggled to revisit a record high of $1,030.80 in March. The Nikkei rose 3.06 percent on Wednesday to track rallies in the United States. Platinum was trading at $858.50 ounce, up $17.00 from New York's notional close on bargain hunting after tumbling to a five-year low around $732 last week.

Copyright Reuters, 2008

Comments

Comments are closed.