AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Chinese shares closed down 0.24 percent on Thursday after rising for three straight days, but turnover rose, suggesting investors were still optimistic about the market's longer-term trend.
The benchmark Shanghai composite index finished at 1,851.314 points, and was still up 2.44 percent since the close of last Friday. It touched an intra-high of 1,857.145 on Thursday morning, the highest level since September 2001.
Turnover in Shanghai A-shares was an active 28.0 billion yuan ($3.6 billion), up from 26.9 billion on Wednesday.
Index heavyweight Shanghai International Port (Group) Co, China's largest port and the operator of the world's busiest port, soared 6.04 percent to 4.39 yuan and ranked top by trading volume, after it surged its 10 percent daily limit the previous day, buoyed by its strong growth prospects.
Four relatively small firms launched initial public offers on Thursday, but analysts said that had no major impact. "The market now has stronger capability to handle IPOs since it has successfully got over the fund pressure from ICBC's IPO," said Galaxy's analyst Li Shiming.
Industrial and Commercial Bank of China, which launched the country's biggest-ever IPO last month, closed down 0.61 percent at 3.28 yuan after reaching a post-listing intra-day low of 3.25 yuan. ICBC's peer stock China Merchants Bank fell 2.63 percent to 10.35 yuan on Thursday. But analysts said the index would generally keep rising through the end of the year.
Inner Mongolia Baotou Steel Union surged its daily 10 percent limit to a near 4-month high of 2.54 yuan as it resumed trading after a suspension from Monday. It said on Thursday it would buy steel-making assets from its parent in a deal worth 7 billion yuan.
This boosted the whole sector, with top domestic steel maker Baoshan Iron and Steel Co up 1.74 percent at 5.26 yuan. The stock has gained 17 percent since it posted strong third-quarter results late last Friday.

Copyright Reuters, 2006

Comments

Comments are closed.