AGL 40.17 Increased By ▲ 0.17 (0.43%)
AIRLINK 130.65 Increased By ▲ 1.12 (0.86%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.14 Increased By ▲ 1.45 (3.48%)
DGKC 83.61 Decreased By ▼ -0.16 (-0.19%)
FCCL 32.93 Increased By ▲ 0.16 (0.49%)
FFBL 78.20 Increased By ▲ 2.73 (3.62%)
FFL 12.18 Increased By ▲ 0.71 (6.19%)
HUBC 110.66 Increased By ▲ 0.11 (0.1%)
HUMNL 14.50 Decreased By ▼ -0.06 (-0.41%)
KEL 5.58 Increased By ▲ 0.19 (3.53%)
KOSM 8.30 Decreased By ▼ -0.10 (-1.19%)
MLCF 39.63 Decreased By ▼ -0.16 (-0.4%)
NBP 62.00 Increased By ▲ 1.71 (2.84%)
OGDC 199.90 Increased By ▲ 0.24 (0.12%)
PAEL 26.56 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.78 Increased By ▲ 0.12 (1.57%)
PPL 160.30 Increased By ▲ 2.38 (1.51%)
PRL 26.69 Decreased By ▼ -0.04 (-0.15%)
PTC 18.80 Increased By ▲ 0.34 (1.84%)
SEARL 83.25 Increased By ▲ 0.81 (0.98%)
TELE 8.23 Decreased By ▼ -0.08 (-0.96%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 9.05 Decreased By ▼ -0.01 (-0.11%)
TREET 17.00 Decreased By ▼ -0.47 (-2.69%)
TRG 60.49 Decreased By ▼ -0.83 (-1.35%)
UNITY 28.00 Increased By ▲ 0.57 (2.08%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,605 Increased By 198.6 (1.91%)
BR30 32,010 Increased By 296.9 (0.94%)
KSE100 98,786 Increased By 1457.8 (1.5%)
KSE30 30,757 Increased By 564.5 (1.87%)

China shares ended higher on Monday as investors shrugged off the country's slowest rate of annual economic growth in 28 years amid expectations that authorities will pursue more stimulus to support growth. At the close, the Shanghai Composite index was up 0.56 percent at 2,610.51.
The blue-chip CSI300 index was up 0.55 percent, with its financial sector sub-index higher by 0.23 percent and the healthcare sub-index up 0.38 percent. The smaller Shenzhen index ended up 0.61 percent and the start-up board ChiNext Composite index was higher by 0.416 percent.
China's economic growth cooled slightly to 6.4 percent in the fourth quarter from a year earlier, weighed down by weak investment, faltering consumer confidence and the trade war with the United States, leaving 2018 growth at 6.6 percent, the weakest since 1990. The slowdown was in line with expectations, and "we can expect more supportive policies," said Larry Hu, an economist at Macquarie Capital in Hong Kong.
China's Finance Ministry on Friday announced further tax cuts for small companies as part of an effort to create jobs and promote economic stability. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.11 percent, while Japan's Nikkei index closed up 0.26 percent.
At 07:15 GMT, the yuan was quoted at 6.7885 per US dollar, 0.13 percent weaker than the previous close of 6.7795.
The largest percentage gainers on the main Shanghai Composite index were Citic Guoan Wine Co Ltd, up 10.17 percent, followed by Shanghai Hongda Mining Co Ltd, gaining 10.07 percent, and GigaDevice Semiconductor Beijing Inc, up by 10 percent.
The largest percentage losers on the Shanghai index were Changshu Fengfan Power Equipment Co Ltd, down 10.05 percent, followed by Fujian Anjoy Foods Co Ltd, losing 7.13 percent, and Pengqi Technology Development Co Ltd, down by 6.23 percent.
So far this year, the Shanghai stock index is up 4.7 percent and the CSI300 has risen 5.8 percent, while China's H-share index listed in Hong Kong is up 5.6 percent. Shanghai stocks have risen 4.68 percent this month.
About 16.34 billion shares were traded on the Shanghai exchange, roughly 119.8 percent of the market's 30-day moving average of 13.64 billion shares a day. The volume in the previous trading session was 19.08 billion.

Copyright Reuters, 2019

Comments

Comments are closed.