AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

China stocks ended a tepid week higher on Friday, but the Shanghai Composite Index posted its fifth week of losses hurt by fading optimism over the country's growth prospects and concerns about rising US interest rates. The SSEC gained 0.7 percent, to 2,825.48 points, but lost 0.1 percent for the week, registering a five-week losing streak.
China's bluechip CSI300 index rose 0.5 percent, to 3,078.22, climbing 0.1 percent for the week. Investor optimism fuelled by strong Chinese March economic data has faded rapidly on signs that the recovery lost momentum in April, and on fears that policymakers may be taking a more cautious stance on further stimulus as bad debts soar. Beijing is pushing for painful structural reforms by stepping up restructuring and factory closures in China's bloated state sector.
The finance ministry said on Thursday that the Chinese central government will earmark 27.64 billion yuan ($4.23 billion) to help local governments pay for capacity closures in the steel and coal sectors this year. Most sectors, including consumer and banks rose on Friday, but trading remained thin. Analysts say some investors are quietly buying relatively cheap bluechip shares, betting benchmark compiler MSCI will include Chinese shares in its Emerging Markets Index next month.
In a sign of reduced risk appetite, trading volume in Shanghai has been hovering around three-month lows, while outstanding margin financing - money investors borrow to buy stocks - has been shrinking steadily over the past few weeks. Most sectors in China fell, with strength in banking heavyweights helping to prop up the main index.

Copyright Reuters, 2016

Comments

Comments are closed.