AGL 40.03 Increased By ▲ 0.03 (0.08%)
AIRLINK 127.50 Increased By ▲ 0.46 (0.36%)
BOP 6.69 Increased By ▲ 0.02 (0.3%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.47 Decreased By ▼ -0.08 (-0.94%)
DFML 41.95 Increased By ▲ 0.51 (1.23%)
DGKC 86.73 Decreased By ▼ -0.12 (-0.14%)
FCCL 32.01 Decreased By ▼ -0.27 (-0.84%)
FFBL 64.94 Increased By ▲ 0.14 (0.22%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 109.60 Increased By ▲ 0.03 (0.03%)
HUMNL 14.72 Increased By ▲ 0.04 (0.27%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.20 Decreased By ▼ -0.26 (-3.49%)
MLCF 41.40 Increased By ▲ 0.02 (0.05%)
NBP 59.90 Decreased By ▼ -0.51 (-0.84%)
OGDC 195.35 Increased By ▲ 5.25 (2.76%)
PAEL 28.32 Increased By ▲ 0.49 (1.76%)
PIBTL 7.75 Decreased By ▼ -0.08 (-1.02%)
PPL 151.50 Increased By ▲ 1.44 (0.96%)
PRL 26.55 Decreased By ▼ -0.33 (-1.23%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 78.06 Decreased By ▼ -7.94 (-9.23%)
TELE 7.46 Decreased By ▼ -0.25 (-3.24%)
TOMCL 35.43 Increased By ▲ 0.02 (0.06%)
TPLP 8.09 Decreased By ▼ -0.03 (-0.37%)
TREET 16.15 Decreased By ▼ -0.26 (-1.58%)
TRG 52.97 Decreased By ▼ -0.32 (-0.6%)
UNITY 26.69 Increased By ▲ 0.53 (2.03%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,941 Increased By 57.3 (0.58%)
BR30 30,924 Increased By 324.3 (1.06%)
KSE100 93,843 Increased By 488 (0.52%)
KSE30 29,066 Increased By 135.4 (0.47%)

Shanghai aluminium futures rose 0.5 percent to a three-week high on Thursday after sources said China's State Reserve Bureau plans to purchase the metal at about a 9 percent premium to current prices. China's State Reserves Bureau (SRB) has agreed to buy 300,000 tonnes of aluminium at 12,300 yuan ($1,800) per tonne in January to support producers, trading and industry sources told Reuters on Thursday.
The key aluminium futures contract closed up 60 yuan to 11,330 yuan a tonne. "Aluminium prices were encouraged on the reserve purchase news," said analyst Jia Zheng at Southwest Futures, "The decided purchase volume seems to be lower than expected but we are looking forward to more movement by the reserve bureau."
Shanghai copper ticked down almost 1 percent to 22,880 yuan, approaching its five-year low of 22,320 yuan struck last Friday, after its London counterpart drifted to a four-year low in thin trade in response to dismal economic data on Wednesday. Major global financial markets are closed on Thursday for the Christmas holiday. UK markets remain closed on Friday while US markets resume trade on Friday.

Copyright Reuters, 2008

Comments

Comments are closed.