AGL 40.07 Increased By ▲ 0.07 (0.18%)
AIRLINK 130.11 Increased By ▲ 0.58 (0.45%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.47 Decreased By ▼ -0.16 (-3.46%)
DCL 8.80 Decreased By ▼ -0.14 (-1.57%)
DFML 40.90 Decreased By ▼ -0.79 (-1.89%)
DGKC 81.40 Decreased By ▼ -2.37 (-2.83%)
FCCL 32.92 Increased By ▲ 0.15 (0.46%)
FFBL 76.25 Increased By ▲ 0.78 (1.03%)
FFL 11.70 Increased By ▲ 0.23 (2.01%)
HUBC 109.79 Decreased By ▼ -0.76 (-0.69%)
HUMNL 13.90 Decreased By ▼ -0.66 (-4.53%)
KEL 5.44 Increased By ▲ 0.05 (0.93%)
KOSM 7.92 Decreased By ▼ -0.48 (-5.71%)
MLCF 39.10 Decreased By ▼ -0.69 (-1.73%)
NBP 63.25 Increased By ▲ 2.96 (4.91%)
OGDC 196.50 Decreased By ▼ -3.16 (-1.58%)
PAEL 25.90 Decreased By ▼ -0.75 (-2.81%)
PIBTL 7.44 Decreased By ▼ -0.22 (-2.87%)
PPL 157.39 Decreased By ▼ -0.53 (-0.34%)
PRL 25.85 Decreased By ▼ -0.88 (-3.29%)
PTC 17.38 Decreased By ▼ -1.08 (-5.85%)
SEARL 79.20 Decreased By ▼ -3.24 (-3.93%)
TELE 7.89 Decreased By ▼ -0.42 (-5.05%)
TOMCL 33.67 Decreased By ▼ -0.84 (-2.43%)
TPLP 8.57 Decreased By ▼ -0.49 (-5.41%)
TREET 16.60 Decreased By ▼ -0.87 (-4.98%)
TRG 58.15 Decreased By ▼ -3.17 (-5.17%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,497 Increased By 90.7 (0.87%)
BR30 31,358 Decreased By -355 (-1.12%)
KSE100 98,141 Increased By 812.3 (0.83%)
KSE30 30,595 Increased By 403 (1.33%)

European shares fell from seven-week highs on Thursday after the European Central Bank held back on big policy moves despite mounting evidence of the damage being wrought on the euro zone economy by the coronavirus crisis.

Eurozone banks sank 5.5% as the central bank said it would pay more for banks to borrow from it but otherwise kept much of its remaining policy powder dry.

The banking sector also came under pressure from a 8.6% decline in France's Societe Generale as it reported a quarterly loss, while Britain's Lloyds Banking Group became the latest to be hit by provisions against expected bad loans due to the pandemic.

Along with a slide in energy stocks as oil major Royal Dutch Shell slumped 10.8% on cutting its dividend for the first time in 80 years, London's FTSE dived 3.5%. The index logged its steepest one-day loss in one month.

The wider oil & gas sector fell 3.4%. The pan-European STOXX 600 fell 2% after a three-day rally, while euro zone stocks were down 1.9%.

Copyright Reuters, 2020

Comments

Comments are closed.