AGL 42.00 Increased By ▲ 3.46 (8.98%)
AIRLINK 129.90 Increased By ▲ 0.40 (0.31%)
BOP 5.75 Increased By ▲ 0.14 (2.5%)
CNERGY 4.03 Increased By ▲ 0.17 (4.4%)
DCL 8.74 Increased By ▲ 0.01 (0.11%)
DFML 40.98 Decreased By ▼ -0.78 (-1.87%)
DGKC 88.88 Increased By ▲ 0.58 (0.66%)
FCCL 35.09 Increased By ▲ 0.09 (0.26%)
FFBL 66.55 Decreased By ▼ -0.80 (-1.19%)
FFL 10.77 Increased By ▲ 0.16 (1.51%)
HUBC 109.05 Increased By ▲ 0.29 (0.27%)
HUMNL 14.84 Increased By ▲ 0.18 (1.23%)
KEL 4.76 Increased By ▲ 0.01 (0.21%)
KOSM 7.27 Increased By ▲ 0.32 (4.6%)
MLCF 42.85 Increased By ▲ 1.20 (2.88%)
NBP 61.00 Increased By ▲ 1.40 (2.35%)
OGDC 180.00 Decreased By ▼ -3.00 (-1.64%)
PAEL 25.90 Decreased By ▼ -0.35 (-1.33%)
PIBTL 6.10 Increased By ▲ 0.13 (2.18%)
PPL 146.50 Decreased By ▼ -0.20 (-0.14%)
PRL 23.85 Increased By ▲ 0.24 (1.02%)
PTC 16.65 Increased By ▲ 0.09 (0.54%)
SEARL 71.68 Increased By ▲ 3.38 (4.95%)
TELE 7.30 Increased By ▲ 0.07 (0.97%)
TOMCL 36.54 Increased By ▲ 0.59 (1.64%)
TPLP 8.02 Increased By ▲ 0.17 (2.17%)
TREET 15.09 Increased By ▲ 0.89 (6.27%)
TRG 50.75 Increased By ▲ 0.30 (0.59%)
UNITY 27.41 Increased By ▲ 0.66 (2.47%)
WTL 1.25 Increased By ▲ 0.04 (3.31%)
BR100 9,867 Increased By 61.2 (0.62%)
BR30 29,807 Increased By 129.3 (0.44%)
KSE100 92,807 Increased By 502.8 (0.54%)
KSE30 28,946 Increased By 105.3 (0.37%)

Taiwan stocks rose 0.81 percent to finish at a one-week high on Tuesday as a record close for the Dow fanned investor hopes of stronger demand for US firms' suppliers like Taiwan Semiconductor Manufacturing Co.
The main TAIEX share index ended at 7,097.42, paced by a 0.75 percent gain in the electronics sub-index. Turnover was slightly higher at T$88.1 billion (US $2.65 billion), up from T$71 billion in the previous session.
"The Dow's stellar performance helped lift equities markets world-wide," said Tu Jin-lung, chairman of Gand Cathay Investment Services. "For Taiwan, chances are good for the benchmark index to jump above 7,476 points, the highest this year."
Among the most actively traded issues, TSMC, the world's No 1 contract chip maker, jumped 2.94 percent and its smaller rival, United Microelectronics Corp, rose 0.82 percent.
Their gains came after the US Dow Jones Industrial Average rallied 0.95 percent to finish at 12,116.91 and the tech-heavy Nasdaq Composite Index rose 0.57 percent.
BenQ Corp, the world's No 6 mobile phone vendor, ended up 0.58 percent. BenQ may post a fourth straight quarterly loss later in the day as it suffered from losses in its Germany mobile phone unit.
The banking sub-index climbed 1.17 percent after local media reported Taiwan's banking regulator would not object to the island's insurance companies investing in Chinese banks. Cathay Financial Holding, Taiwan's top financial holding company, jumped 0.77 percent. Cathay's flagship unit Cathay Life Insurance is Taiwan's No 1 insurer.
Shin Kong Financial, whose main unit is also a life insurer, rose 1.69 percent. Innolux Display, which makes LCDs and assembles LCD monitors, soared more than 40 percent by midday before ending up 33.7 percent on its first day of trading.
Taiwan's top electronics gear maker, Hon Hai Precision Industry, and some of its affiliates own about a quarter stake in Innolux. Hon Hai shares closed unchanged. Innolux became profitable by the end of September and should show a clear profit in the fourth quarter, its president told the Commercial Daily.

Copyright Reuters, 2006

Comments

Comments are closed.