Palm opens higher on firm olein; weak soyoil, crude cap gains

According to Business Recorder, Malaysian palm oil futures moved up in early Monday trade after the previous session's drop. The benchmark December delivery contract on the Bursa Malaysia Derivatives Exchange rose 43 ringgit, or 0.94%, to 4,635 ringgit ($1,136) per metric ton.

The contract had lost 1.48% during the prior session before this early rebound. Firmer Dalian palm olein offered support, while lower soyoil and crude oil quotes restrained the advance. The figures reflect early trade only, so later prices were not reported.

No PSX-listed company is named in this report, so the story has no direct link to individual stocks. Prices are quoted in ringgit per metric ton, with the dollar equivalent shown alongside.