AGL 40.02 Increased By ▲ 0.02 (0.05%)
AIRLINK 127.25 Increased By ▲ 0.21 (0.17%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
DCL 8.70 Increased By ▲ 0.15 (1.75%)
DFML 41.75 Increased By ▲ 0.31 (0.75%)
DGKC 87.65 Increased By ▲ 0.80 (0.92%)
FCCL 32.59 Increased By ▲ 0.31 (0.96%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.54 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.74 Increased By ▲ 0.06 (0.41%)
KEL 5.06 Increased By ▲ 0.01 (0.2%)
KOSM 7.59 Increased By ▲ 0.13 (1.74%)
MLCF 41.30 Decreased By ▼ -0.08 (-0.19%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.70 Increased By ▲ 3.60 (1.89%)
PAEL 28.30 Increased By ▲ 0.47 (1.69%)
PIBTL 7.74 Decreased By ▼ -0.09 (-1.15%)
PPL 151.75 Increased By ▲ 1.69 (1.13%)
PRL 26.26 Decreased By ▼ -0.62 (-2.31%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 83.50 Decreased By ▼ -2.50 (-2.91%)
TELE 7.73 Increased By ▲ 0.02 (0.26%)
TOMCL 35.49 Increased By ▲ 0.08 (0.23%)
TPLP 8.11 Decreased By ▼ -0.01 (-0.12%)
TREET 16.15 Decreased By ▼ -0.26 (-1.58%)
TRG 53.55 Increased By ▲ 0.26 (0.49%)
UNITY 26.37 Increased By ▲ 0.21 (0.8%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,967 Increased By 83.6 (0.85%)
BR30 31,001 Increased By 400.7 (1.31%)
KSE100 93,812 Increased By 456.3 (0.49%)
KSE30 29,062 Increased By 130.9 (0.45%)

Hong Kong stocks rebounded on Thursday, led by energy and tech shares after China's central bank signalled it won't let the yuan fall sharply further. The Hang Seng index rose 0.4 percent, to 24,018.80, while the China Enterprises Index gained 0.4 percent, to 11,080.92 points. The People's Bank of China, which sharply devalued the yuan earlier in the week, said on Thursday that China's strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves provided "strong support" to the exchange rate.
Expectations of slower yuan depreciation aided market sentiment, despite Hong Kong's gloomy growth outlook. An index tracking Hong Kong-listed tech firms jumped 4.5 percent, while energy shares also posted solid gains. Airline operators, including China Eastern and Air China rebounded after tumbling over the past two days amid fears a weaker currency would hurt their bottom lines.

Copyright Reuters, 2015

Comments

Comments are closed.