AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.50 Increased By ▲ 0.97 (0.75%)
BOP 6.81 Increased By ▲ 0.13 (1.95%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 9.05 Increased By ▲ 0.11 (1.23%)
DFML 44.20 Increased By ▲ 2.51 (6.02%)
DGKC 84.19 Increased By ▲ 0.42 (0.5%)
FCCL 33.12 Increased By ▲ 0.35 (1.07%)
FFBL 76.87 Increased By ▲ 1.40 (1.86%)
FFL 11.48 Increased By ▲ 0.01 (0.09%)
HUBC 110.50 Decreased By ▼ -0.05 (-0.05%)
HUMNL 14.81 Increased By ▲ 0.25 (1.72%)
KEL 5.40 Increased By ▲ 0.01 (0.19%)
KOSM 8.38 Decreased By ▼ -0.02 (-0.24%)
MLCF 39.75 Decreased By ▼ -0.04 (-0.1%)
NBP 61.30 Increased By ▲ 1.01 (1.68%)
OGDC 198.25 Decreased By ▼ -1.41 (-0.71%)
PAEL 26.80 Increased By ▲ 0.15 (0.56%)
PIBTL 7.90 Increased By ▲ 0.24 (3.13%)
PPL 158.50 Increased By ▲ 0.58 (0.37%)
PRL 26.50 Decreased By ▼ -0.23 (-0.86%)
PTC 18.59 Increased By ▲ 0.13 (0.7%)
SEARL 82.40 Decreased By ▼ -0.04 (-0.05%)
TELE 8.30 Decreased By ▼ -0.01 (-0.12%)
TOMCL 34.39 Decreased By ▼ -0.12 (-0.35%)
TPLP 9.18 Increased By ▲ 0.12 (1.32%)
TREET 17.20 Decreased By ▼ -0.27 (-1.55%)
TRG 61.40 Increased By ▲ 0.08 (0.13%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,481 Increased By 74.5 (0.72%)
BR30 31,806 Increased By 92.4 (0.29%)
KSE100 97,904 Increased By 575.3 (0.59%)
KSE30 30,376 Increased By 184 (0.61%)

London's main stock index fell almost 1% on Friday after U.S. President Donald Trump's threat of tariffs on Mexico and disappointing manufacturing data from China focused minds on the threat of a global downturn.

The FTSE 100 shed 0.8% and the mid-cap FTSE 250  fell 0.9% by 0743 GMT. Both indexes were on course for their first monthly falls this year, down 3.5% and 4.5% respectively since the start of May.

Data on Friday showed China's factory activity shrank more than expected in May, another stark reminder of the economic ramifications of the Sino-U.S. trade dispute.

Combined with Trump's Mexican standoff, that led London's indexes of financial stocks and miners to give up more than 1% each, while heavyweight oil stocks also skidded.

"The worry is who's next on Trump's list - the EU may be next," Markets.com analyst Neil Wilson said. "Coming at a time of a breakdown in talks with China, it's another blow to bulls and we should consider further downside risks from escalation."

Housebuilders fell after mortgage lender Nationwide said British house price growth had eased to its slowest in three months, pointing to the continuing impact of the Brexit process on consumer sentiment.

On the mid-cap index, Wizz Air stumbled despite forecasting net profit growth for the year ahead and saying it was well-placed to tackle higher fuel costs.

Shares of the low cost carrier fell 5.6%, with traders citing a marginal annual profit miss and rising fuel costs.

AIM-listed Stride Gaming surged 23% in light trading after it confirmed larger peer Rank Group was in advanced discussions to take over the company. Shares of Rank were roughly flat.

Copyright Reuters, 2019

Comments

Comments are closed.