AGL 40.60 Increased By ▲ 0.40 (1%)
AIRLINK 129.30 Increased By ▲ 0.19 (0.15%)
BOP 6.43 Decreased By ▼ -0.17 (-2.58%)
CNERGY 4.13 Increased By ▲ 0.10 (2.48%)
DCL 8.70 Increased By ▲ 0.25 (2.96%)
DFML 42.10 Increased By ▲ 0.85 (2.06%)
DGKC 87.20 Increased By ▲ 0.20 (0.23%)
FCCL 33.50 Increased By ▲ 0.15 (0.45%)
FFBL 66.50 Increased By ▲ 0.60 (0.91%)
FFL 10.68 Increased By ▲ 0.14 (1.33%)
HUBC 112.85 Increased By ▲ 2.15 (1.94%)
HUMNL 15.85 Increased By ▲ 0.62 (4.07%)
KEL 4.81 Increased By ▲ 0.03 (0.63%)
KOSM 7.76 Decreased By ▼ -0.07 (-0.89%)
MLCF 42.01 Increased By ▲ 0.11 (0.26%)
NBP 61.00 Increased By ▲ 0.50 (0.83%)
OGDC 189.50 Increased By ▲ 6.70 (3.67%)
PAEL 25.50 Increased By ▲ 0.14 (0.55%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 148.25 Increased By ▲ 0.44 (0.3%)
PRL 25.14 Increased By ▲ 0.58 (2.36%)
PTC 16.39 Increased By ▲ 0.15 (0.92%)
SEARL 71.01 Increased By ▲ 0.51 (0.72%)
TELE 7.34 Increased By ▲ 0.04 (0.55%)
TOMCL 36.16 Decreased By ▼ -0.14 (-0.39%)
TPLP 8.10 Increased By ▲ 0.25 (3.18%)
TREET 16.25 Increased By ▲ 0.95 (6.21%)
TRG 51.50 Decreased By ▼ -0.20 (-0.39%)
UNITY 27.40 Increased By ▲ 0.05 (0.18%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,920 Increased By 78 (0.79%)
BR30 30,442 Increased By 405.5 (1.35%)
KSE100 93,176 Increased By 655.5 (0.71%)
KSE30 28,957 Increased By 170.6 (0.59%)

TOKYO: Japan’s Nikkei share average reversed course to trade lower on Thursday, as investors booked profits from sharp gains in the previous session.

The Nikkei was down 0.33% at 39,349.23, as of 0200 GMT, after rising 2.6% on Wednesday to a three-week closing high. The benchmark rose as much as 1% earlier in the session, tracking Wall Street’s record close overnight after Republican Donald Trump won the 2024 US presidential election.

Trump’s victory unleashed a massive rally in the dollar, drove stocks to record highs and punished bond prices. “Nikkei’s reversal indicated that the sharp gains in the previous session were led by short-term investors who bet on a rally on Trump trades,” said Takehiko Masuzawa, trading head at Phillip Securities Japan. “They quickly sold stocks to book profits.”

Comments

200 characters