The Trading Room

In Asia, China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR, which influences the pricing of home mortgages, was cut by 5 basis points, the first time...

OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top $100 a barrel as demand shrugs of the spread of the omicron Covid-19 variant.

The derivatives market of the NSE was fairly flat in activity compared to Tuesday’s trading with 10 single stock futures valued at Kes 409,100.

OPEC+ supply constraints and the ongoing increase in global oil demand will likely keep oil prices well supported in the coming months.

Benchmark 10-year U.S. Treasury yields touched a two-year peak, while the dollar hit a six-day high earlier in the session, making gold expensive for overseas buyers.