AGL 40.75 Increased By ▲ 2.21 (5.73%)
AIRLINK 128.39 Decreased By ▼ -1.11 (-0.86%)
BOP 6.15 Increased By ▲ 0.54 (9.63%)
CNERGY 4.05 Increased By ▲ 0.19 (4.92%)
DCL 8.43 Decreased By ▼ -0.30 (-3.44%)
DFML 40.67 Decreased By ▼ -1.09 (-2.61%)
DGKC 87.50 Decreased By ▼ -0.80 (-0.91%)
FCCL 34.20 Decreased By ▼ -0.80 (-2.29%)
FFBL 66.00 Decreased By ▼ -1.35 (-2%)
FFL 10.50 Decreased By ▼ -0.11 (-1.04%)
HUBC 108.60 Decreased By ▼ -0.16 (-0.15%)
HUMNL 14.55 Decreased By ▼ -0.11 (-0.75%)
KEL 4.64 Decreased By ▼ -0.11 (-2.32%)
KOSM 7.19 Increased By ▲ 0.24 (3.45%)
MLCF 42.55 Increased By ▲ 0.90 (2.16%)
NBP 62.25 Increased By ▲ 2.65 (4.45%)
OGDC 178.99 Decreased By ▼ -4.01 (-2.19%)
PAEL 25.75 Decreased By ▼ -0.50 (-1.9%)
PIBTL 6.04 Increased By ▲ 0.07 (1.17%)
PPL 146.00 Decreased By ▼ -0.70 (-0.48%)
PRL 23.95 Increased By ▲ 0.34 (1.44%)
PTC 16.17 Decreased By ▼ -0.39 (-2.36%)
SEARL 69.50 Increased By ▲ 1.20 (1.76%)
TELE 7.24 Increased By ▲ 0.01 (0.14%)
TOMCL 36.00 Increased By ▲ 0.05 (0.14%)
TPLP 7.82 Decreased By ▼ -0.03 (-0.38%)
TREET 15.42 Increased By ▲ 1.22 (8.59%)
TRG 50.59 Increased By ▲ 0.14 (0.28%)
UNITY 26.90 Increased By ▲ 0.15 (0.56%)
WTL 1.24 Increased By ▲ 0.03 (2.48%)
BR100 9,783 Decreased By -22.3 (-0.23%)
BR30 29,602 Decreased By -75.6 (-0.25%)
KSE100 91,992 Decreased By -312.7 (-0.34%)
KSE30 28,681 Decreased By -159.2 (-0.55%)

SINGAPORE: Copper prices edged higher on Tuesday, while traders awaited more stimulus cues from top consumer China as well as the outcome of the U.S. presidential election.

Three-month copper on the London Metal Exchange (LME) rose 0.2% to $9,718.5 per metric ton by 0225 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange (SHFE) increased 0.9% to 77,660 yuan ($10,929.56) a ton.

The U.S. dollar was on the back foot, making greenback-priced commodities more appealing to other currency holders.

“Copper’s short-term trend will depend on who wins the election and what details the Chinese officials disclose.

Trump presidency could pressure prices as it will exacerbate trade tensions with China,” Marex consultant Edward Meir said.

The U.S. presidential election will take place on Tuesday, but the winner of the razor-thin race between Democrat Kamala Harris and Republican Donald Trump may not be known for days after the polls close.

Comments

200 characters