AGL 40.50 Increased By ▲ 1.96 (5.09%)
AIRLINK 128.50 Decreased By ▼ -1.00 (-0.77%)
BOP 6.15 Increased By ▲ 0.54 (9.63%)
CNERGY 4.05 Increased By ▲ 0.19 (4.92%)
DCL 8.40 Decreased By ▼ -0.33 (-3.78%)
DFML 40.85 Decreased By ▼ -0.91 (-2.18%)
DGKC 87.61 Decreased By ▼ -0.69 (-0.78%)
FCCL 34.29 Decreased By ▼ -0.71 (-2.03%)
FFBL 66.30 Decreased By ▼ -1.05 (-1.56%)
FFL 10.58 Decreased By ▼ -0.03 (-0.28%)
HUBC 108.59 Decreased By ▼ -0.17 (-0.16%)
HUMNL 14.47 Decreased By ▼ -0.19 (-1.3%)
KEL 4.64 Decreased By ▼ -0.11 (-2.32%)
KOSM 7.19 Increased By ▲ 0.24 (3.45%)
MLCF 42.55 Increased By ▲ 0.90 (2.16%)
NBP 61.90 Increased By ▲ 2.30 (3.86%)
OGDC 179.40 Decreased By ▼ -3.60 (-1.97%)
PAEL 25.85 Decreased By ▼ -0.40 (-1.52%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 146.25 Decreased By ▼ -0.45 (-0.31%)
PRL 23.90 Increased By ▲ 0.29 (1.23%)
PTC 16.23 Decreased By ▼ -0.33 (-1.99%)
SEARL 69.91 Increased By ▲ 1.61 (2.36%)
TELE 7.29 Increased By ▲ 0.06 (0.83%)
TOMCL 36.07 Increased By ▲ 0.12 (0.33%)
TPLP 7.81 Decreased By ▼ -0.04 (-0.51%)
TREET 15.40 Increased By ▲ 1.20 (8.45%)
TRG 50.49 Increased By ▲ 0.04 (0.08%)
UNITY 27.20 Increased By ▲ 0.45 (1.68%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,809 Increased By 3.4 (0.03%)
BR30 29,633 Decreased By -44.7 (-0.15%)
KSE100 92,147 Decreased By -157.5 (-0.17%)
KSE30 28,751 Decreased By -89.3 (-0.31%)

Seoul shares ended above the 1,400-point level on Tuesday for the first time in six months as technology firms such as Samsung Electronics rose due to fading worries about 2007 profits and as oil prices declined.
Korean Air Co surged 4.15 percent to 35,150 won, marking its biggest one-day percentage gain since September 14, after it posted a smaller-than-expected fall in quarterly profit. Analysts say the mood has changed in South Korean markets, which in October suffered a setback following North Korea's nuclear test and disappointing corporate earnings, as investors have turned less pessimistic about the global economy.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.76 percent to end at 1,407.37, marking its highest close since May 15. The KOSPI has surged 18.1 percent since hitting a 2006 low in mid-June, and some analysts now expect the index to approach the record 1,464.70 hit in May 11 by year's end. Foreign investors snapped a 12-day selling streak on Tuesday ending the session purchasing a net 61.7 billion won ($65.81 million), according to Korea Exchange data at 0625 GMT.
Technology shares continued a rebound from a very weak October as worries over profits in the first half of 2007 have eased. Samsung Electronics Co Ltd rose 1.25 percent to 647,000 won after on Monday giving an optimistic outlook going into 2007 for most of its business lines.
The world's biggest maker of memory chips has gained 6 percent so far this month, and is now close to erasing its 8 percent fall in October. Flat panel maker LG.Philips LCD Co Ltd rose 2.5 percent to 30,800 won. Korea Electric Power Corp (KEPCO) gained 2.01 percent to 38,000 won. Samsung Securities Co, the country's most valuable brokerage, rose 2.12 percent to 52,900 won. However, LG Telecom Co Ltd ended flat at 10,700 won after South Korea imposed a $5.6 million fine on the country's smallest mobile operator.

Copyright Reuters, 2006

Comments

Comments are closed.