Zinc prices rose by 0.32% to 268.2, driven by reduced supply and seasonal demand. However, concerns about China’s demand recovery limited gains. Treatment charges for zinc concentrates have reached historical lows due to tight supply. China’s zinc output has been declining, with potential cuts potentially reducing annual output by 3-4%. The International Lead and Zinc…
On Friday, oil prices marginally increased as investors considered Middle East production concerns; however, gains were tempered by indications of weakening demand. October delivery Brent crude futures, which expire on Friday, were up 23 cents, or 0.3%, at $80.17 per barrel. November’s more actively traded contract saw a 20-cent increase, or 0.2%, to $79.02. At…
After the tower business’s August 14 buyback, which Bharti Airtel led, concludes, the telecom infrastructure company will have only one shareholder Indus Towers. Previously holding 48.95% of the business, Airtel will now own over 50% of Indus Towers, forming the telecom behemoth’s subsidiary. On August 14, Indus Towers started repurchasing Rs 465 per share, for…
Crude oil prices dropped by -1.02% at 6,288, due to weakening global demand and economic uncertainty. Major banks revised price forecasts, with China experiencing slowdowns and Europe experiencing lower diesel demand. Geopolitical risks and supply threats weakened gains. The country’s volatile oil output, which stood at about 1.18 million barrels per day in July, according…
In sporadic transactions, gold prices in the nation’s capital on Wednesday were unchanged at Rs 74,350 per 10 grams, despite a decline in international markets. Nonetheless, the price of silver decreased by Rs 400 to Rs 87,800 per kilogram. It had closed Tuesday’s previous session at Rs 88,200 per kg. In the meantime, 10 grams…
The SME IPO market was introduced back in 2012, thus it has been around for well over ten years. However, it has never made headlines as much as it has this year because several of the offers have achieved exceptionally high subscription numbers followed by significant listing gains. Public issues that entered the market in…
On Wednesday, KPI Green Energy declared that, on its own, it has effectively achieved zero net debt status. “We are pleased to inform you that as of August 28, 2024, the company has successfully attained zero net debt status on a standalone basis,” the company stated in a regulatory statement. This accomplishment demonstrates our commitment…
Jeera prices rose by 0.36% to 25,435, driven by strong domestic and export demand and global supply constraints. However, expectations of higher production and farmers holding back stocks contributed to price support. Jeera production has increased significantly worldwide, with China driving the increase, more than tripling its output to about 55–60 thousand tonnes. Syria, Turkey,…
Silver prices slightly declined by 0.01% to 85,658, driven by higher U.S. bond yields and awaited inflation data. The Federal Reserve emphasized the need to adjust monetary policy due to labor market risks and confidence in inflation’s 2% target. U.S. durable goods orders exceeded expectations in July, shaping market expectations. Future rate adjustments remain under…
Wednesday’s gold prices didn’t move much, but they remained close to the record high they reached last week due to the Middle East crisis-driven demand for safe haven assets and the expectation of impending rate cuts by the US. spot gold was unchanged at $2,524.88 an ounce. On August 20, gold reached a record high…
