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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 / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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