AIRLINK 184.00 Decreased By ▼ -0.49 (-0.27%)
BOP 12.73 Decreased By ▼ -0.03 (-0.24%)
CNERGY 7.87 Increased By ▲ 0.18 (2.34%)
FCCL 41.10 Decreased By ▼ -0.10 (-0.24%)
FFL 15.21 Increased By ▲ 0.09 (0.6%)
FLYNG 26.85 Increased By ▲ 0.27 (1.02%)
HUBC 131.62 Decreased By ▼ -0.21 (-0.16%)
HUMNL 14.15 Increased By ▲ 0.06 (0.43%)
KEL 4.55 Increased By ▲ 0.05 (1.11%)
KOSM 6.15 Decreased By ▼ -0.24 (-3.76%)
MLCF 51.91 Increased By ▲ 0.20 (0.39%)
OGDC 212.75 Increased By ▲ 3.87 (1.85%)
PACE 6.30 Increased By ▲ 0.03 (0.48%)
PAEL 43.04 Increased By ▲ 0.96 (2.28%)
PIAHCLA 16.68 Increased By ▲ 0.06 (0.36%)
PIBTL 9.10 Increased By ▲ 0.02 (0.22%)
POWER 11.12 Decreased By ▼ -0.15 (-1.33%)
PPL 175.45 Increased By ▲ 2.59 (1.5%)
PRL 35.15 Increased By ▲ 0.08 (0.23%)
PTC 24.30 Decreased By ▼ -0.14 (-0.57%)
SEARL 95.32 Increased By ▲ 0.04 (0.04%)
SILK 1.13 No Change ▼ 0.00 (0%)
SSGC 33.90 Decreased By ▼ -0.28 (-0.82%)
SYM 17.61 Decreased By ▼ -0.11 (-0.62%)
TELE 8.33 Increased By ▲ 0.06 (0.73%)
TPLP 11.68 Increased By ▲ 0.01 (0.09%)
TRG 60.95 Increased By ▲ 0.47 (0.78%)
WAVESAPP 11.50 Decreased By ▼ -0.03 (-0.26%)
WTL 1.47 Increased By ▲ 0.01 (0.68%)
YOUW 3.97 Decreased By ▼ -0.04 (-1%)
AIRLINK 184.00 Decreased By ▼ -0.49 (-0.27%)
BOP 12.73 Decreased By ▼ -0.03 (-0.24%)
CNERGY 7.87 Increased By ▲ 0.18 (2.34%)
FCCL 41.10 Decreased By ▼ -0.10 (-0.24%)
FFL 15.21 Increased By ▲ 0.09 (0.6%)
FLYNG 26.85 Increased By ▲ 0.27 (1.02%)
HUBC 131.62 Decreased By ▼ -0.21 (-0.16%)
HUMNL 14.15 Increased By ▲ 0.06 (0.43%)
KEL 4.55 Increased By ▲ 0.05 (1.11%)
KOSM 6.15 Decreased By ▼ -0.24 (-3.76%)
MLCF 51.91 Increased By ▲ 0.20 (0.39%)
OGDC 212.75 Increased By ▲ 3.87 (1.85%)
PACE 6.30 Increased By ▲ 0.03 (0.48%)
PAEL 43.04 Increased By ▲ 0.96 (2.28%)
PIAHCLA 16.68 Increased By ▲ 0.06 (0.36%)
PIBTL 9.10 Increased By ▲ 0.02 (0.22%)
POWER 11.12 Decreased By ▼ -0.15 (-1.33%)
PPL 175.45 Increased By ▲ 2.59 (1.5%)
PRL 35.15 Increased By ▲ 0.08 (0.23%)
PTC 24.30 Decreased By ▼ -0.14 (-0.57%)
SEARL 95.32 Increased By ▲ 0.04 (0.04%)
SILK 1.13 No Change ▼ 0.00 (0%)
SSGC 33.90 Decreased By ▼ -0.28 (-0.82%)
SYM 17.61 Decreased By ▼ -0.11 (-0.62%)
TELE 8.33 Increased By ▲ 0.06 (0.73%)
TPLP 11.68 Increased By ▲ 0.01 (0.09%)
TRG 60.95 Increased By ▲ 0.47 (0.78%)
WAVESAPP 11.50 Decreased By ▼ -0.03 (-0.26%)
WTL 1.47 Increased By ▲ 0.01 (0.68%)
YOUW 3.97 Decreased By ▼ -0.04 (-1%)
BR100 11,993 Increased By 67.7 (0.57%)
BR30 36,019 Increased By 282.8 (0.79%)
KSE100 114,276 Increased By 413.2 (0.36%)
KSE30 35,569 Increased By 168.4 (0.48%)

Shanghai Futures Exchange copper climbed 0.2 percent to 35,600 yuan ($5,414) a tonne on Thursday Metals volumes are expected to dwindle into Lunar New Year which will see the ShFE halt overnight trading from February 5, before resuming trade on February 15. "We are still 10 days out (from the Lunar New Year) and it is dead," said a trader in Singapore.
Expectations for further monetary easing were also supporting metals. The European Central Bank is likely to cut its deposit rate again in March, according to a majority of economists in a Reuters poll who also said there was an even chance it would increase its monthly asset purchases. China's MMG Ltd flagged on Thursday that its $10 billion new copper mine in Peru was set to ramp up production faster than some analysts had expected. "Overall the picture is starting to look okay," said Jonathan Barratt, chief investment officer of Sydney's Ayers Alliance. "China has announced huge infrastructure spending but we haven't seen a lot of that infrastructure spend yet come into the economy. At the end of the day, that will come down to support base metals."

Copyright Reuters, 2016

Comments

Comments are closed.