AGL 40.22 Increased By ▲ 0.22 (0.55%)
AIRLINK 127.20 Increased By ▲ 0.16 (0.13%)
BOP 6.63 Decreased By ▼ -0.04 (-0.6%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.59 Increased By ▲ 0.04 (0.47%)
DFML 41.65 Increased By ▲ 0.21 (0.51%)
DGKC 87.00 Increased By ▲ 0.15 (0.17%)
FCCL 32.35 Increased By ▲ 0.07 (0.22%)
FFBL 65.44 Increased By ▲ 0.64 (0.99%)
FFL 10.20 Decreased By ▼ -0.05 (-0.49%)
HUBC 109.79 Increased By ▲ 0.22 (0.2%)
HUMNL 14.55 Decreased By ▼ -0.13 (-0.89%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.55 Increased By ▲ 0.09 (1.21%)
MLCF 41.60 Increased By ▲ 0.22 (0.53%)
NBP 59.60 Decreased By ▼ -0.81 (-1.34%)
OGDC 194.40 Increased By ▲ 4.30 (2.26%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.84 Increased By ▲ 0.01 (0.13%)
PPL 152.31 Increased By ▲ 2.25 (1.5%)
PRL 26.53 Decreased By ▼ -0.35 (-1.3%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 80.50 Decreased By ▼ -5.50 (-6.4%)
TELE 7.47 Decreased By ▼ -0.24 (-3.11%)
TOMCL 35.49 Increased By ▲ 0.08 (0.23%)
TPLP 8.24 Increased By ▲ 0.12 (1.48%)
TREET 16.08 Decreased By ▼ -0.33 (-2.01%)
TRG 52.92 Decreased By ▼ -0.37 (-0.69%)
UNITY 26.79 Increased By ▲ 0.63 (2.41%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,941 Increased By 56.9 (0.58%)
BR30 30,902 Increased By 301.8 (0.99%)
KSE100 93,764 Increased By 408.2 (0.44%)
KSE30 29,056 Increased By 124.6 (0.43%)

Shanghai Futures Exchange (ShFE) copper rallied 3.8 percent to 46,210 yuan ($6,706). Other ShFE metals held solid gains of 3 to 6 percent, as investors hunted for yield on Tuesday. In China, iron ore, rebar and coking coal all hit limit up levels as speculators bought following recent dips, while global oil prices rose to their highest since October as the market priced in a potential output cut led by the Organisation of Petroleum Exporting Countries.
"It is all about the onshore (Chinese) sentiment which has helped propel all of the base metals through yesterday's highs," said Matt France, head of institutional sales for Asia at Marex Spectron. "Overlay a positive outlook from the West around commodities asset allocation into next year and you have a perfect storm of more buyers than sellers and hopeful shorts getting flushed out along the way."

Copyright Reuters, 2016

Comments

Comments are closed.