AIRLINK 155.38 Increased By ▲ 3.26 (2.14%)
BOP 9.69 Increased By ▲ 0.57 (6.25%)
CNERGY 7.11 Increased By ▲ 0.02 (0.28%)
CPHL 84.07 Increased By ▲ 1.78 (2.16%)
FCCL 43.44 Increased By ▲ 0.63 (1.47%)
FFL 14.79 Increased By ▲ 0.58 (4.08%)
FLYNG 30.31 Increased By ▲ 1.72 (6.02%)
HUBC 136.24 Increased By ▲ 4.30 (3.26%)
HUMNL 12.51 Increased By ▲ 0.28 (2.29%)
KEL 4.02 Increased By ▲ 0.02 (0.5%)
KOSM 5.02 Increased By ▲ 0.11 (2.24%)
MLCF 69.44 Increased By ▲ 2.39 (3.56%)
OGDC 203.25 Increased By ▲ 2.87 (1.43%)
PACE 5.06 Increased By ▲ 0.07 (1.4%)
PAEL 42.50 Increased By ▲ 1.00 (2.41%)
PIAHCLA 16.57 Increased By ▲ 0.35 (2.16%)
PIBTL 8.79 Increased By ▲ 0.37 (4.39%)
POWER 13.93 Increased By ▲ 0.88 (6.74%)
PPL 150.83 Increased By ▲ 2.23 (1.5%)
PRL 28.91 Increased By ▲ 1.20 (4.33%)
PTC 20.73 Increased By ▲ 1.27 (6.53%)
SEARL 84.04 Increased By ▲ 2.07 (2.53%)
SSGC 40.25 Increased By ▲ 2.98 (8%)
SYM 14.83 Increased By ▲ 0.45 (3.13%)
TELE 6.98 Increased By ▲ 0.16 (2.35%)
TPLP 8.27 Increased By ▲ 0.13 (1.6%)
TRG 64.05 Increased By ▲ 0.92 (1.46%)
WAVESAPP 8.57 Increased By ▲ 0.53 (6.59%)
WTL 1.27 Increased By ▲ 0.02 (1.6%)
YOUW 3.42 Increased By ▲ 0.07 (2.09%)
AIRLINK 155.38 Increased By ▲ 3.26 (2.14%)
BOP 9.69 Increased By ▲ 0.57 (6.25%)
CNERGY 7.11 Increased By ▲ 0.02 (0.28%)
CPHL 84.07 Increased By ▲ 1.78 (2.16%)
FCCL 43.44 Increased By ▲ 0.63 (1.47%)
FFL 14.79 Increased By ▲ 0.58 (4.08%)
FLYNG 30.31 Increased By ▲ 1.72 (6.02%)
HUBC 136.24 Increased By ▲ 4.30 (3.26%)
HUMNL 12.51 Increased By ▲ 0.28 (2.29%)
KEL 4.02 Increased By ▲ 0.02 (0.5%)
KOSM 5.02 Increased By ▲ 0.11 (2.24%)
MLCF 69.44 Increased By ▲ 2.39 (3.56%)
OGDC 203.25 Increased By ▲ 2.87 (1.43%)
PACE 5.06 Increased By ▲ 0.07 (1.4%)
PAEL 42.50 Increased By ▲ 1.00 (2.41%)
PIAHCLA 16.57 Increased By ▲ 0.35 (2.16%)
PIBTL 8.79 Increased By ▲ 0.37 (4.39%)
POWER 13.93 Increased By ▲ 0.88 (6.74%)
PPL 150.83 Increased By ▲ 2.23 (1.5%)
PRL 28.91 Increased By ▲ 1.20 (4.33%)
PTC 20.73 Increased By ▲ 1.27 (6.53%)
SEARL 84.04 Increased By ▲ 2.07 (2.53%)
SSGC 40.25 Increased By ▲ 2.98 (8%)
SYM 14.83 Increased By ▲ 0.45 (3.13%)
TELE 6.98 Increased By ▲ 0.16 (2.35%)
TPLP 8.27 Increased By ▲ 0.13 (1.6%)
TRG 64.05 Increased By ▲ 0.92 (1.46%)
WAVESAPP 8.57 Increased By ▲ 0.53 (6.59%)
WTL 1.27 Increased By ▲ 0.02 (1.6%)
YOUW 3.42 Increased By ▲ 0.07 (2.09%)
BR100 12,160 Increased By 383.7 (3.26%)
BR30 35,356 Increased By 946.7 (2.75%)
KSE100 114,114 Increased By 2787.4 (2.5%)
KSE30 34,917 Increased By 924.3 (2.72%)

SHANGHAI: Shanghai stocks rose to a nine-month high on Monday, as China’s March home price data and signs of corporate earnings recovery fuel optimism ahead of the release of first-quarter economy data. Hong Kong shares also gained.

** The Shanghai Composite Index, which had posted five consecutive weekly gains on Friday, climbed nearly 1% by the lunch break, touching its highest level since July 8. The bluechip CSI300 Index was up 0.9%.

** In Hong Kong, both the benchmark Hang Seng Index and the Hang Seng Tech Index rose 0.5%.

** China’s new home prices rose in March at the fastest pace in 21 months, official data showed on Saturday.

** More than 300 China-listed companies have published, or forecast first-quarter results, 70% of which have reported year-on-year profit increases, official Securities News reported.

** Underscoring consumption recovery, restaurant operator China Quanjude Group reported a 49% jump in sales during the January-March period, and turned to a profit.

** Travel-related companies including Lijiang Yulong Tourism Co and BTG Hotels Group also expect a quarterly profit.

** “The stock market is expected to trend higher on the back of economic recovery, and expectations of improving liquidity situations overseas,” Guotai Asset Management Co said in a note.

** A Reuters poll showed that China’s gross domestic product (GDP), data for which will be published on Tuesday, likely grew 4.0% in the first quarter from a year earlier, from 2.9% in the previous three months. That would be the fastest growth since the first quarter of last year.

China stocks rise as chip makers, resource shares jump

** An index tracking hotel and catering industry jumped 2.5%, while energy stocks also gained 2.5%, reflecting recovery hopes.

** Investors continued to plough money into China’s state-owned companies on reform hopes. China Mobile shares jumped 3.8% in Shanghai, their highest since its debut last January. Its Hong Kong-listed stock rose 1.6%.

Comments

Comments are closed.