AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Seoul shares ended up slightly after hitting a second straight record on Friday as brokerages again surged after a parliamentary panel approved an act that gives them a bigger role in the financial sector.
But Samsung Electronics fell 1.2 percent to 574,000 won after saying it would invest $3.5 billion in its US chip plant by 2008 to produce flash memory chips, raising worries about the size of the investment and about the impact on chip supply.
Investors also locked in gains in recent outperformers, with the main index hitting a record 15th consecutive week of gains on Friday after ending up 2.6 percent for the week. "It's getting harder and harder for the market to continue the recent pace of gains, with levels feeling burdensome," said Kim Jeong-hwan, a strategist at Woori Investment and Securities.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.17 percent to end at 1,772.26 points, after earlier hitting a record 1,776.80 points. The main index is now up some 24 percent for the year, with gains supported by improving economic fundamentals and expectations for booming earnings in sectors such as shipbuilding, construction and machinery's due to a rise in overseas orders. A sub-index of brokerages surged to a record on Friday.
Samsung Securities Co, South Korea's second-most valuable brokerage, rose 5.01 percent to 75,500 won, after earlier hitting its highest since mid-1999. Woori Investment and Securities Co gained 5.87 percent to 32,450 won. A sub-index of brokerages surged some 18 percent since Tuesday in anticipation of the approval, which virtually ensures passage of the bill by the full National Assembly.

Copyright Reuters, 2007

Comments

Comments are closed.