AIRLINK 187.98 Increased By ▲ 3.29 (1.78%)
BOP 12.63 Decreased By ▼ -0.15 (-1.17%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.13 Decreased By ▼ -0.71 (-1.74%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 26.70 Decreased By ▼ -0.24 (-0.89%)
HUBC 130.85 Decreased By ▼ -0.22 (-0.17%)
HUMNL 13.50 Decreased By ▼ -0.32 (-2.32%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.02 Decreased By ▼ -0.12 (-1.95%)
MLCF 51.56 Increased By ▲ 0.33 (0.64%)
OGDC 212.64 Increased By ▲ 0.53 (0.25%)
PACE 6.05 Decreased By ▼ -0.24 (-3.82%)
PAEL 41.75 Decreased By ▼ -0.80 (-1.88%)
PIAHCLA 16.03 Decreased By ▼ -0.48 (-2.91%)
PIBTL 9.27 Increased By ▲ 0.33 (3.69%)
POWER 11.15 Increased By ▲ 0.05 (0.45%)
PPL 173.60 Decreased By ▼ -1.40 (-0.8%)
PRL 34.26 Decreased By ▼ -0.47 (-1.35%)
PTC 23.56 Decreased By ▼ -0.38 (-1.59%)
SEARL 88.25 Decreased By ▼ -6.17 (-6.53%)
SILK 1.12 Decreased By ▼ -0.02 (-1.75%)
SSGC 32.70 Decreased By ▼ -0.41 (-1.24%)
SYM 16.25 Decreased By ▼ -0.86 (-5.03%)
TELE 8.03 Decreased By ▼ -0.22 (-2.67%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 60.31 Increased By ▲ 0.06 (0.1%)
WAVESAPP 11.35 Decreased By ▼ -0.04 (-0.35%)
WTL 1.39 Decreased By ▼ -0.06 (-4.14%)
YOUW 3.84 Decreased By ▼ -0.09 (-2.29%)
AIRLINK 187.98 Increased By ▲ 3.29 (1.78%)
BOP 12.63 Decreased By ▼ -0.15 (-1.17%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.13 Decreased By ▼ -0.71 (-1.74%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 26.70 Decreased By ▼ -0.24 (-0.89%)
HUBC 130.85 Decreased By ▼ -0.22 (-0.17%)
HUMNL 13.50 Decreased By ▼ -0.32 (-2.32%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.02 Decreased By ▼ -0.12 (-1.95%)
MLCF 51.56 Increased By ▲ 0.33 (0.64%)
OGDC 212.64 Increased By ▲ 0.53 (0.25%)
PACE 6.05 Decreased By ▼ -0.24 (-3.82%)
PAEL 41.75 Decreased By ▼ -0.80 (-1.88%)
PIAHCLA 16.03 Decreased By ▼ -0.48 (-2.91%)
PIBTL 9.27 Increased By ▲ 0.33 (3.69%)
POWER 11.15 Increased By ▲ 0.05 (0.45%)
PPL 173.60 Decreased By ▼ -1.40 (-0.8%)
PRL 34.26 Decreased By ▼ -0.47 (-1.35%)
PTC 23.56 Decreased By ▼ -0.38 (-1.59%)
SEARL 88.25 Decreased By ▼ -6.17 (-6.53%)
SILK 1.12 Decreased By ▼ -0.02 (-1.75%)
SSGC 32.70 Decreased By ▼ -0.41 (-1.24%)
SYM 16.25 Decreased By ▼ -0.86 (-5.03%)
TELE 8.03 Decreased By ▼ -0.22 (-2.67%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 60.31 Increased By ▲ 0.06 (0.1%)
WAVESAPP 11.35 Decreased By ▼ -0.04 (-0.35%)
WTL 1.39 Decreased By ▼ -0.06 (-4.14%)
YOUW 3.84 Decreased By ▼ -0.09 (-2.29%)
BR100 11,871 Decreased By -49.7 (-0.42%)
BR30 35,549 Decreased By -259.1 (-0.72%)
KSE100 113,260 Decreased By -524 (-0.46%)
KSE30 35,198 Decreased By -189.5 (-0.54%)

french_stock-exchangePARIS: The Paris stock exchange opened up sharply and surged onwards on Tuesday, buoyed by gains on Wall Street and optimism that Europe's leaders are closing in on a solution to the eurozone debt crisis.

The CAC 40 index was up three percent in the first half hour. Tuesday's opening gains followed a strong day on Monday, when the market rose 1.75 percent amid greater confidence French banks will survive a liquidity squeeze.

French banks have been at the centre of a nervous few weeks trading, after reports that their US subsidiaries were finding it hard to source dollars and fears that they are overexposed to risky Greek and Italian debt.

But there is now a growing expectation that European leaders will reach a political deal on how to prevent or mitigate any sovereign debt default, and that a plan is afoot to recapitalise ailing private banks.

Banking shares responded to the change in mood, outstripping the market to post huge gains. BNP Paribas, Credit Agricole and Societe Generale led the way, jumping 8.85 percent, 6.61 percent and 6.04 percent respectively.

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed.