AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.04 Decreased By ▼ -0.95 (-0.74%)
BOP 6.67 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.55 Increased By ▲ 0.07 (0.83%)
DFML 41.44 Decreased By ▼ -0.04 (-0.1%)
DGKC 86.85 Increased By ▲ 0.27 (0.31%)
FCCL 32.28 Increased By ▲ 0.14 (0.44%)
FFBL 64.80 Decreased By ▼ -0.62 (-0.95%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 Decreased By ▼ -0.92 (-0.83%)
HUMNL 14.68 Decreased By ▼ -0.07 (-0.47%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.46 Increased By ▲ 0.34 (4.78%)
MLCF 41.38 Decreased By ▼ -0.27 (-0.65%)
NBP 60.41 Increased By ▲ 0.32 (0.53%)
OGDC 190.10 Decreased By ▼ -4.59 (-2.36%)
PAEL 27.83 Decreased By ▼ -0.12 (-0.43%)
PIBTL 7.83 Decreased By ▼ -0.17 (-2.13%)
PPL 150.06 Decreased By ▼ -1.11 (-0.73%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 Increased By ▲ 0.07 (0.44%)
SEARL 86.00 Increased By ▲ 7.80 (9.97%)
TELE 7.71 Increased By ▲ 0.32 (4.33%)
TOMCL 35.41 Decreased By ▼ -0.26 (-0.73%)
TPLP 8.12 Increased By ▲ 0.21 (2.65%)
TREET 16.41 Increased By ▲ 0.52 (3.27%)
TRG 53.29 Increased By ▲ 0.53 (1%)
UNITY 26.16 Decreased By ▼ -0.39 (-1.47%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,884 Decreased By -36.4 (-0.37%)
BR30 30,600 Decreased By -151.5 (-0.49%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

Taiwan stocks ended up 0.48 percent at a 15-month closing high on Thursday, helped by shares like Cathay Financial on a report that Taiwan and China were set to sign a financial supervision agreement in October. The main TAIEX share index finished up 36.12 points to 7,545.29, its highest closing level since June 27, 2008.
Taiwan and China will sign a long-waited agreement allowing tighter ties between their financial institutions, but Taiwan financial regulators declined to comment on the timetable for the financial memorandum of understanding (MOU). "Banking shares were the main booster for Taiwan stocks this morning, but investors took profits after the index came very close to hit a technical ceiling at 7,600," said Tu Jin-lung, the chairman of Grand Cathay Investment Services.
The main index had risen as much as 1.2 percent, or 90.45 points, to 7,599.62 in early trade, which is the highest intraday level this year. Cathay Financial, Taiwan's top listed financial holding firm, was the biggest positive influence on the index as it rose 2.81 percent.
Shin Kong Financial, parent of the island's No 3 insurer, topped the most actively traded list by volume and surged more than 5 percent. The banking and insurance sub-index was up 2.32 percent, hitting its highest close in over a year. Technology shares inched down 0.08 percent as they took a breather after strong gains earlier this week.
Turnover was moderate at T$135 billion ($4.2 billion), slightly more active than Wednesday's T$126 billion. Tu said Taiwan stocks could come under pressure in October as they had risen about 10 percent in September alone and 64 percent in 2009, thanks partly to warmer trade ties with China. Foreign investors bought a net T$142.2 billion worth of Taiwan shares in September, marking their fifth-biggest net monthly purchase ever.

Copyright Reuters, 2009

Comments

Comments are closed.