AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Southeast Asian stock markets rose on Thursday, with the Malaysian index hitting a seven-week high amid gains in the ringgit in reaction to rebounding oil prices while Indonesian shares posted modest gains after the central bank cut rates as expected. Gains in crude oil helped improve risk sentiment in Asia, sending MSCI's broadest index of Asia Pacific shares outside Japan 1.8 percent higher.
Kuala Lumpur composite index climbed nearly 1 percent to 1,680.02, the highest close since December 31. The Malaysian ringgit advanced more than 1 percent as a surge in oil prices and better-than-expected fourth-quarter economic data eased concerns about Southeast Asia's third-largest economy. Malaysia saw relatively moderate trading volumes which were close to a 30-day average, similar to regional peers. Brokers said uncertainties about the direction of global oil prices kept some investors cautious.
Jakarta composite index closed the day up 0.3 percent after the Indonesian central bank cut its benchmark interest rate for the second time this year, as expected, in a bid to help speed up sluggish economic growth. Singapore reversed Wednesday's loss and rose 1.7 percent to a more than one-month high. The Philippines rose for a fourth day, hovering around a seven-week high. Thai and Vietnamese stocks rebounded from the day before.
Foreign investors bought Malaysian and Indonesian shares worth a net 211 million ringgit ($50.72 million) and 367 billion rupiah ($27.21 million) respectively while selling Philippine shares worth a net 800 million peso ($16.83 million), stock exchange and Thomson Reuters data showed.

Copyright Reuters, 2016

Comments

Comments are closed.