AIRLINK 202.30 Increased By ▲ 1.06 (0.53%)
BOP 10.13 Increased By ▲ 0.16 (1.6%)
CNERGY 7.14 Increased By ▲ 0.25 (3.63%)
FCCL 37.00 Increased By ▲ 1.64 (4.64%)
FFL 17.07 Decreased By ▼ -0.08 (-0.47%)
FLYNG 25.69 Increased By ▲ 1.48 (6.11%)
HUBC 135.50 Decreased By ▼ -2.69 (-1.95%)
HUMNL 14.10 Increased By ▲ 0.03 (0.21%)
KEL 4.83 Decreased By ▼ -0.03 (-0.62%)
KOSM 6.70 Increased By ▲ 0.04 (0.6%)
MLCF 46.30 Decreased By ▼ -0.01 (-0.02%)
OGDC 222.38 Decreased By ▼ -0.16 (-0.07%)
PACE 6.98 Decreased By ▼ -0.08 (-1.13%)
PAEL 42.50 Decreased By ▼ -0.64 (-1.48%)
PIAHCLA 16.99 Decreased By ▼ -0.04 (-0.23%)
PIBTL 8.58 Increased By ▲ 0.04 (0.47%)
POWER 9.65 Increased By ▲ 0.55 (6.04%)
PPL 187.99 Decreased By ▼ -0.77 (-0.41%)
PRL 42.25 Decreased By ▼ -1.02 (-2.36%)
PTC 25.25 Decreased By ▼ -0.10 (-0.39%)
SEARL 108.25 Decreased By ▼ -2.17 (-1.97%)
SILK 1.02 Decreased By ▼ -0.01 (-0.97%)
SSGC 42.45 Decreased By ▼ -0.19 (-0.45%)
SYM 18.46 Decreased By ▼ -0.11 (-0.59%)
TELE 9.08 Decreased By ▼ -0.04 (-0.44%)
TPLP 13.49 Decreased By ▼ -0.19 (-1.39%)
TRG 67.75 Decreased By ▼ -0.41 (-0.6%)
WAVESAPP 10.34 Increased By ▲ 0.07 (0.68%)
WTL 1.85 Decreased By ▼ -0.02 (-1.07%)
YOUW 4.01 No Change ▼ 0.00 (0%)
BR100 12,233 Increased By 13.5 (0.11%)
BR30 37,198 Decreased By -119.5 (-0.32%)
KSE100 116,057 Increased By 212.6 (0.18%)
KSE30 36,574 Increased By 97.8 (0.27%)

SYDNEY/WELLINGTON: Australian shares advanced on Monday on rising hopes of a broader economic recovery after US lawmakers approved a budget outline for President Joe Biden’s $1.9 trillion COVID-19 relief package, with heavyweight miners also benefiting from surging iron ore prices.

The approval will allow lawmakers to muscle Biden’s plan through in the coming weeks without Republican support.

Comments by the US Treasury Secretary Janet Yellen further lifted sentiment, after she predicted that the United States would hit full employment next year if Congress could pass its support package.

The S&P/ASX 200 index rose 0.6% to 6,880.7 at the close of trade.

Higher iron ore prices helped miners outperform all other sectors on the benchmark, as a positive demand outlook for the steelmaking ingredient in the world’s top steel producer China buoyed prices.

Comments

Comments are closed.