Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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Oil extends rally as virus worries ease

Apr 30, 2020: Oil prices extended a rally Thursday after data showed US crude stockpiles rose less than expected and on signs that falling production may offset a coronavirus-triggered demand shock. US benchmark West Texas

PMEX Index sheds 125 points to close at 3,354-mark

April 28, 2020: PMEX Commodity Index lost 125 points on Monday i.e. 3.59% lower than the previous closing and settled at 3,354-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.076

US oil falls below $11 as fund sells off holdings

Apr 28, 2020: US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand. West Texas

Sale of Urea plummets by nearly 26 percent in March

April 27, 2020 (MLN): Total urea offtake during March 2020 was about 303  thousand tonnes, which exhibited a decrease of 25.9 percent over March 2019. According to monthly data released by the National Fertilizer Development

PMEX Commodity Index up by 69 points

April 24, 2020: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index gained 69 points to settle at 3,495. The traded value of Metals, Energy, and COTS/FX was recorded at PKR 7.033 billion and

PMEX Commodity Index closes at 3,426-level

April 23, 2020: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,426. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.289 billion and the number of lots

PMEX Commodity Index ends 27 points lower

April 21, 2020: On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index lost another 29 points to settle at 3,624. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.980 billion

PMEX Commodity Index closes at 3,653 points

April 20, 2020: On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index inched lower by 10 points and closed at 3,653-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.369

PMEX Commodity Index ends 14 points higher

April 17, 2020: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index edged higher by 14 points and closed at 3,663-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.159

LSMI output decreases by 1.15% during February, YoY

April 17, 2020 (MLN): The LSMI output decreased by 1.15% for February, 2020, as compared to February, 2019 and 0.91% when compared to January 2020. The overall output of LSMI decreased by 3.03% for July-February,

Oil extends rally as virus worries ease

Apr 30, 2020: Oil prices extended a rally Thursday after data showed US crude stockpiles rose less than expected and on signs that falling production may offset a coronavirus-triggered demand shock. US benchmark West Texas

PMEX Index sheds 125 points to close at 3,354-mark

April 28, 2020: PMEX Commodity Index lost 125 points on Monday i.e. 3.59% lower than the previous closing and settled at 3,354-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.076

US oil falls below $11 as fund sells off holdings

Apr 28, 2020: US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand. West Texas

Sale of Urea plummets by nearly 26 percent in March

April 27, 2020 (MLN): Total urea offtake during March 2020 was about 303  thousand tonnes, which exhibited a decrease of 25.9 percent over March 2019. According to monthly data released by the National Fertilizer Development

PMEX Commodity Index up by 69 points

April 24, 2020: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index gained 69 points to settle at 3,495. The traded value of Metals, Energy, and COTS/FX was recorded at PKR 7.033 billion and

PMEX Commodity Index closes at 3,426-level

April 23, 2020: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,426. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.289 billion and the number of lots

PMEX Commodity Index ends 27 points lower

April 21, 2020: On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index lost another 29 points to settle at 3,624. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.980 billion

PMEX Commodity Index closes at 3,653 points

April 20, 2020: On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index inched lower by 10 points and closed at 3,653-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.369

PMEX Commodity Index ends 14 points higher

April 17, 2020: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index edged higher by 14 points and closed at 3,663-level. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.159

LSMI output decreases by 1.15% during February, YoY

April 17, 2020 (MLN): The LSMI output decreased by 1.15% for February, 2020, as compared to February, 2019 and 0.91% when compared to January 2020. The overall output of LSMI decreased by 3.03% for July-February,