AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Taiwan stocks ended up 0.11 percent on Tuesday at their highest close in nearly seven years, shrugging off a drop in Chinese shares, as the island's top electronics parts maker Hon Hai Precision posted solid gains.
Hon Hai surged 3.25 percent after bigger rival Flextronics International said it would buy Solectron for $3.6 billion to cut costs and expand its product line. The main TAIEX index added 9.20 points to 8,303.99, the highest finish since July 19, 2000.
The electronics sub-index rose 0.34 percent. The construction sub-index slid 0.86 percent. "Investors were worried that Taiwan shares might go down with China stocks," said Chris Wang, who manages T$2.7 billion (US $82 million) for Paradigm Asset Management.
Wang said that he bought some PC-related shares based on optimism that tech demand has exceeded investor expectations ahead of the traditional hot season in the second half of the year. Trading was T$134.3 billion (US $4.07 billion), compared with T$116.9 billion on Monday.
China's main stock index traded in a negative zone for much of the day as nervous investors continued to react to last week's hike in the share trading tax. After the Taiwan market closed, however, the main China index turned briefly positive. As of 0618 GMT the index was down 0.31 percent.
Mediatek, Taiwan's top IC design house, fell 2.8 percent to T$520. Smartphone maker High Tech Computer slipped 0.63 percent to T$627. Taiwan Semiconductor Manufacturing Co was 0.14 percent lower. Shares of Hynix Semiconductor jumped on talk that it may sell some of its order memory fabrication lines to TSMC.

Copyright Reuters, 2007

Comments

Comments are closed.