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Reko Diq mine stake: Saudi Manara Minerals’ team in Pakistan

ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about...

Published 07 May, 2024 06:05am

Business & Finance

Pakistan drawing Saudi interest in Reko Diq

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 15 Nov, 2023 06:09am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Markets

Copper climbs on China support but Covid clouds demand outlook

LONDON: Copper prices rebounded on Friday after top metals consumer China pledged more support for its ailing ...

Published 30 Apr, 2022 05:53am

Markets

China copper output rises, tin production up

BEIJING: China’s copper output rose 6.71% in December from the previous month to 802,200 tonnes as producers...

Published 12 Jan, 2022 04:25am

Markets

Copper prices ease

LONDON: Copper eased on Friday as the dollar firmed despite underwhelming US jobs data that tempered expectations ...

Published 04 Dec, 2021 04:23am

World

Chinese officials in Afghanistan to explore lithium projects

KABUL: Officials representing several Chinese companies are in Afghanistan to conduct on-site inspections of...

Published 25 Nov, 2021 03:53am

Markets

Copper edges lower on uncertainty ahead of Fed meeting

LONDON: Copper prices slipped on Wednesday on uncertainty ahead of a U.S. Federal Reserve meeting expected to start...

Published 04 Nov, 2021 04:32am

Markets

Copper slips on strong dollar

LONDON: Copper prices buckled under a stronger dollar on Tuesday ahead of key US payroll data later this week and on...

Published 06 Oct, 2021 04:17am

Markets

Copper falls as power shortages grip top consumer China

LONDON: Copper prices fell for a second day on Wednesday as a power supply crisis gripped China, the largest metals...

Published 30 Sep, 2021 04:15am

World

Taliban inherit untapped $1trn trove of minerals

PARIS: The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could...

Updated 23 Aug, 2021 11:26am

Markets

Demand doubts and dollar weigh on copper

LONDON: Copper prices fell to their lowest in more than two weeks on Monday as a firm dollar and demand worries...

Published 10 Aug, 2021 04:39am

Markets

Copper rises as investors await Fed minutes

LONDON: Copper prices rose on Wednesday, recouping losses from the previous session, as investors waited for the...

Published 08 Jul, 2021 04:22am

Markets

Copper prices keep falling

LONDON: Copper prices fell on Tuesday as rising coronavirus cases strengthened the dollar and cast doubt on a speedy...

Published 30 Jun, 2021 03:54am

Markets

Copper prices steady

LONDON: Copper prices held steady on Friday after US President Joe Biden embraced a bipartisan Senate infrastructure...

Published 26 Jun, 2021 03:24am

Markets

Copper keep climbing

LONDON: Copper prices extended gains on Wednesday after the head of the US central bank vowed to keep interest rates...

Published 24 Jun, 2021 03:36am

Markets

Copper heads for biggest weekly fall since March 2020

LONDON: Copper on Friday was on track for its biggest weekly fall since March 2020 after the Federal Reserve...

Published 20 Jun, 2021 03:39am

Markets

Copper prices slip to 7-week low

LONDON: Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to...

Published 16 Jun, 2021 03:39am

Markets

Copper falls as market frets about demand, China curbs

LONDON: Copper slipped on Monday as fears that top consumer China would take action to curb any further rises in...

Published 15 Jun, 2021 03:30am

Markets

Copper prices hover below $10,000

LONDON: Copper prices hovered below $10,000 a tonne on Wednesday as data showed Chinese factories were facing the...

Published 10 Jun, 2021 03:22am

Markets

Global copper smelting extends recovery in May

LONDON: Global copper smelting extended its rebound in May, touching fresh highs for the year as operations ...

Published 06 Jun, 2021 02:56am

Markets

Shanghai copper registers second monthly gain on supply concerns

The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.

Published 31 May, 2021 06:37pm

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.

Published 21 May, 2021 08:20pm

Markets

C$ stays on track to extend weekly win streak despite jobs decline

Canadian dollar weakens 0.3% against the greenback.
For the week, the loonie is up 0.9%.
Canada sheds 207,100 jobs in April.
Canadian 5-year yield hits a 2-month low at 0.841%.

Published 07 May, 2021 08:41pm

Markets

Aluminium extends rally on growing supply fears

Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.

Published 06 May, 2021 08:56pm

Markets

Copper bonanza challenge for top producer Chile

"There is a conjunction of elements that are making investors adopt a more cautious position," he added.

Published 02 May, 2021 11:23am

Markets

Copper prices down

LONDON: Copper drifted lower on Friday, hovering below the $10,000 level it briefly broke through a day earlier as...

Published 01 May, 2021 03:28am

Business & Finance

World top copper producer Chile sees output slide for 10th consecutive month

Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on movement and commerce following the Southern Hemisphere's summer holidays.
Chile's copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021, according to INE's statistics.

Published 30 Apr, 2021 08:37pm

Markets

Copper eyes $10,000/T level as US dollar softens

"(Copper is) supported by a weaker dollar and dovish comments from the Federal Reserve," said commodities broker Anna Stablum of Marex Spectron in a note.

Published 29 Apr, 2021 12:18pm

Markets

Copper rally pauses

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the US Federal Reserve, but...

Published 29 Apr, 2021 03:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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