Trends - Palm Oil - Business Recorder

Palm Oil

Indonesia to hike crude palm oil export levy to 1pc

JAKARTA: Indonesia will increase its export levy for crude palm oil (CPO) to 10% from the current 7.5% to finance...

Published 22 Dec, 2024 02:57am

Markets

Palm extends losses, logs second weekly loss

KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday and posted a second consecutive weekly loss,...

Published 20 Dec, 2024 04:44pm

Markets

Palm recoups early losses after Indonesia hikes export levy, but set for weekly loss

KUALA LUMPUR: Malaysian palm oil futures recovered early declines on Friday after Indonesia hiked its export levy,...

Published 20 Dec, 2024 11:49am

Markets

Malaysian palm oil falls for fifth session amid Indonesia, US biofuel policy uncertainty

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday for a fifth straight session, weighed down by...

Published 20 Dec, 2024 02:43am

Markets

Palm falls for fifth session amid Indonesia, US biofuel policy uncertainty

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday for a fifth straight session, weighed down by...

Published 19 Dec, 2024 04:56pm

Markets

Palm falls further on weakness of rival edible oils

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday for a fifth straight session, weighed down by weakness in...

Published 19 Dec, 2024 11:39am

Markets

Edible oil prices tumble on US ethanol plan, record soybean supplies

KUALA LUMPUR/BEIJING: Global edible oil markets slid on Wednesday, as expectations for a record soybean crop in...

Published 18 Dec, 2024 04:49pm

Markets

Malaysia hopes palm oil industry can be compliant with EU law when grace period ends

KUALA LUMPUR: Malaysia hopes its palm oil industry will be fully compliant with the European Union’s...

Published 18 Dec, 2024 12:07pm

Markets

Palm follows rival edible oils lower

KUALA LUMPUR: Malaysian palm oil futures dropped on Wednesday for a fourth consecutive session, weighed down by...

Published 18 Dec, 2024 10:47am

Markets

Palm declines for third straight session on poor demand from key markets

KUALA LUMPUR: Malaysian palm oil futures tumbled for a third straight session on Tuesday, pressured by weak demand...

Published 17 Dec, 2024 04:33pm

Markets

Palm falls on weakness of rival Dalian oils

KUALA LUMPUR: Malaysian palm oil futures opened lower for a third straight session on Tuesday, tracking weakness in...

Published 17 Dec, 2024 11:51am

Markets

Palm ends lower on losses in soyoils; weaker ringgit limits decline

KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday for a second straight session, giving up its midday...

Published 16 Dec, 2024 05:03pm

Markets

Palm rebounds on stronger rival Dalian oils, weaker ringgit

KUALA LUMPUR: Malaysian palm oil futures rebounded on Monday, following a recovery in rival Dalian oils and weakness...

Published 16 Dec, 2024 10:45am

Markets

Malaysian palm oil extends losses

JAKARTA: Malaysian palm oil futures extended losses on Friday, tracking weakness in rival vegetable oils at the...

Published 15 Dec, 2024 02:50am

Markets

Palm ends with more than 4% weekly loss

JAKARTA: Malaysian palm oil futures extended losses on Friday, tracking weakness in rival vegetable oils at the...

Published 13 Dec, 2024 05:09pm

Markets

Palm tracks weakness in rival oils, set for a weekly loss

JAKARTA: Malaysian palm oil futures opened low on Friday, tracking weakness in rival vegetable oils at Chicago and...

Published 13 Dec, 2024 10:01am

Markets

Palm trades low on sell-off, tracks weakness in soyoil at Chicago

JAKARTA: Malaysian palm oil futures extended losses in heavy morning trade on Thursday, tracking weakness in rival...

Published 12 Dec, 2024 12:01pm

Markets

Palm oil lower on profit-booking

JAKARTA: Malaysian palm oil futures extended loss on Wednesday, as traders booked profits following early gains that...

Published 12 Dec, 2024 07:07am

Markets

Palm ends lower on profit-booking and tracking Dalian palm

JAKARTA: Malaysian palm oil futures extended loss on Wednesday, as traders booked profits following early gains that...

Updated 11 Dec, 2024 03:37pm

Markets

Palm closes down more than 3% after Malaysian palm oil data release

JAKARTA: Malaysian palm oil futures closed lower on Tuesday after data from the industry regulator showed a drop in...

Published 10 Dec, 2024 04:30pm

Markets

Malaysia end-November palm oil stocks fall 2.6% m/m, MPOB says

KUALA LUMPUR: Malaysia’s palm oil stocks at the end of November fell 2.6% from the previous month to 1.84 million...

Published 10 Dec, 2024 10:07am

Markets

Palm ends lower tracking rival vegetable oils; industry data eyed

JAKARTA: Malaysian palm oil futures closed down on Monday, tracking a decline in rival vegetable oils on the Dalian...

Published 09 Dec, 2024 04:53pm

Markets

Palm tracks rival vegetable oils lower

JAKARTA: Malaysian palm oil futures fell on Monday, following the decline in rival vegetable oil prices on the...

Published 09 Dec, 2024 10:23am

Markets

Palm oil falls as weather improves in Malaysia

JAKARTA: Malaysian palm oil futures declined on Friday on easing supply concerns, as weather improved in the...

Published 08 Dec, 2024 02:56am

Business & Finance

Alternative oils: PVMA chief urges govt to cut duties

KARACHI: The Chairman Pakistan Vanaspati Manufacturers Association (PVMA) Sheikh Umer Rehan has called on the...

Published 07 Dec, 2024 06:51am

Markets

Palm oil falls as weather improves in Malaysia; gains for a second week

JAKARTA: Malaysian palm oil futures declined on Friday on easing supply concerns, as weather improved in the world’s...

Published 06 Dec, 2024 04:29pm

Markets

Palm oil rises on forecasts of lower stocks

JAKARTA: Malaysian palm oil futures climbed on Thursday, helped by estimated lower November stocks in the country,...

Published 06 Dec, 2024 06:58am

Editorials

Cultivating self-reliance: roadmap for edible oil

EDITORIAL: The Ministry of Commerce’s plan to draft a comprehensive edible oil policy presents a pivotal opportunity...

Updated 06 Dec, 2024 02:48pm

Markets

Palm futures drop as easing rival oils, stronger ringgit weigh

JAKARTA: Malaysian palm oil futures fell on Wednesday, dragged down by weakness in rival vegetable oils while a...

Published 04 Dec, 2024 04:37pm

Markets

Palm oil futures rise in Malaysia on Dalian’s market boost

JAKARTA: Malaysian palm oil futures rose for a second consecutive session on Wednesday, fuelled by the strength in...

Published 04 Dec, 2024 11:36am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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