AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Hong Kong share prices are likely to move within a narrow range in quiet trade in Christmas week tracking Wall Street's performance, dealers said. They said investors will switch their attention from China to the US after they shrugged off Beijing's latest interest rate hike as the move had been well anticipated.
The increase in the key lending rate was milder than expected. China's central bank announced Thursday that it was raising the benchmark one-year lending rate by 18 basis points and the one-year deposit rate by 27 basis points, in its sixth rate hike this year.
Dealers said investors will be kept on the sidelines as they watch key economic data coming out of the United States, including new home sales for November and consumer confidence for December, for direction. Uncertainties over the extent of the subprime troubles in the US will continue to dampen sentiment, they said.
"The market will be news driven next week. It will go up and down as there are too many uncertainties," said DBS Vickers sales director Peter Lai.
"The subprime problem is a concern and there are the worries that more financial companies will disclose their exposure to it," he added. Francis Lun, general manager of Fulbright Securities, also believed the subprime crisis will remain a concern but the market will largely stay quiet during the Christmas and New Year holiday.
The market will have a half-day session on Monday and will be shut on Tuesday and Wednesday for Christmas. For the week to December 21, the Hang Seng index was up 63 points or 0.23 percent, at 27,626.92. Lai believes the benchmark index will trade within the range of 26,000-29,000 points.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.