AGL 40.35 Increased By ▲ 0.15 (0.37%)
AIRLINK 129.50 Increased By ▲ 0.39 (0.3%)
BOP 6.54 Decreased By ▼ -0.06 (-0.91%)
CNERGY 4.05 Increased By ▲ 0.02 (0.5%)
DCL 8.36 Decreased By ▼ -0.09 (-1.07%)
DFML 41.75 Increased By ▲ 0.50 (1.21%)
DGKC 86.50 Decreased By ▼ -0.50 (-0.57%)
FCCL 33.35 No Change ▼ 0.00 (0%)
FFBL 65.90 No Change ▼ 0.00 (0%)
FFL 10.81 Increased By ▲ 0.27 (2.56%)
HUBC 112.00 Increased By ▲ 1.30 (1.17%)
HUMNL 15.25 Increased By ▲ 0.02 (0.13%)
KEL 4.86 Increased By ▲ 0.08 (1.67%)
KOSM 8.13 Increased By ▲ 0.30 (3.83%)
MLCF 41.75 Decreased By ▼ -0.15 (-0.36%)
NBP 60.50 No Change ▼ 0.00 (0%)
OGDC 183.05 Increased By ▲ 0.25 (0.14%)
PAEL 25.40 Increased By ▲ 0.04 (0.16%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 146.50 Decreased By ▼ -1.31 (-0.89%)
PRL 24.60 Increased By ▲ 0.04 (0.16%)
PTC 16.40 Increased By ▲ 0.16 (0.99%)
SEARL 70.50 No Change ▼ 0.00 (0%)
TELE 7.35 Increased By ▲ 0.05 (0.68%)
TOMCL 36.42 Increased By ▲ 0.12 (0.33%)
TPLP 7.90 Increased By ▲ 0.05 (0.64%)
TREET 15.36 Increased By ▲ 0.06 (0.39%)
TRG 52.17 Increased By ▲ 0.47 (0.91%)
UNITY 27.51 Increased By ▲ 0.16 (0.59%)
WTL 1.26 Increased By ▲ 0.03 (2.44%)
BR100 9,864 Increased By 22.5 (0.23%)
BR30 30,074 Increased By 37.3 (0.12%)
KSE100 92,884 Increased By 363.7 (0.39%)
KSE30 28,853 Increased By 66.6 (0.23%)

Australian shares closed higher on Wednesday, supported by gains in material stocks on the back of a rally in metal prices. Investor sentiment was also boosted by broader Asian markets which hit a 10-year high as a feast of upbeat manufacturing surveys confirmed a synchronised upturn in the world economy was well under way.
The S&P/ASX 200 index climbed 0.2 percent, or 9.1 points, to 6,070.4. It had closed slightly lower in the previous session. The metals and mining index rose 1.7 percent to its highest close since February 2013, after zinc scaled a 10-year peak on Tuesday as the market focused on looming deficits due to declining supplies.
BHP Billiton advanced 1.7 percent to its highest close in 32 months, while fellow mining heavyweight Rio Tinto Ltd extended gains into an eleventh session to close at its highest since August 2011. Oil prices hovered around their mid-2015 highs touched in the previous session, providing a boost to energy stocks.
Woodside Petroleum added a little over 1 percent and closed at a seven-month high, making it the top gainer on the energy index. Sandfire Resources NL was the top gainer on the main stock index with a jump of 3.7 percent to a near five-year closing high.
New Zealand's benchmark S&P/NZX 50 index rose 0.32 percent, or 26.83 points, to a record close of 8,424.91 on its first day of trade in 2018. Materials, industrials and consumer staples led the gains. Fletcher Building Ltd gained nearly 2 percent, while Auckland International Airport rose 1.5 percent to its highest close in two weeks.

Copyright Reuters, 2018

Comments

Comments are closed.