AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

Chinese shares closed down 2.32 percent on Tuesday led by property developers on continued concerns over potential measures to rein in the real estate market, dealers said. The Shanghai Composite Index, which covers both A and B shares, was down 72.45 points at 3,050.52 on turnover of 99.5 billion yuan (14.6 billion dollars).
"There are growing expectations Beijing could take more steps to curb the recent rampant increase in property prices," Wang Junqing, an analyst at Guosen Securities, told Dow Jones Newswires. "That will hurt not only property companies, but also the banking sector and other listed companies," Wang added. China Vanke, the country's largest property developer by market value, slid 3.9 percent to 10.30 yuan, and Poly Real Estate ended down 2.8 percent at 21.52.
Meanwhile, concerns that more funds will be diverted to initial public offering (IPO) subscriptions by year's end also weighed on sentiment, traders said. Gold miners fell after a retreat of gold prices overnight. Shandong Gold-Mining Company was down 4.5 percent to 75.32 yuan and Zhongjin Gold ended down 2.6 percent at 55.52. The Shanghai B-share index was down 3.70 points, or 1.53 percent, to 237.78. The Shenzhen B-share index fell 7.42 points, or 1.25 percent, to 586.95.

Copyright Agence France-Presse, 2009

Comments

Comments are closed.