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 9,988 Increased By 104.6 (1.06%)
BR30 30,988 Increased By 387.6 (1.27%)
KSE100 94,110 Increased By 754.9 (0.81%)
KSE30 29,183 Increased By 252.5 (0.87%)

Canadian retail sales fell more than expected in March, after two months of strong gains, as consumers bought fewer cars and home furnishings, data from Statistics Canada showed on Friday. The 1.0 percent decline exceeded economists' forecasts for a decrease of 0.6 percent, though February was revised slightly higher to a gain of 0.6 percent. In volume terms, sales in March declined 1.3 percent.
Sales at car and parts dealers dropped 2.9 percent as Canadians bought fewer new and used cars. Excluding autos, overall sales were down just 0.3 percent. Purchases at furniture stores tumbled 3.7 percent, while lower prices pulled sales at gasoline stations down 1.1 percent to their lowest since August 2010. Overall, sales were down in 6 out of 11 sectors, making up 74 percent of retail trade.
Although first-quarter growth is expected to have been relatively strong, recent data, including Friday's retail sales report, has suggested the economy began to cool heading into the second quarter. The recent wildfires in Alberta that have disrupted oil production in the region are expected to further damp down growth in the second quarter, but economists expect to see a rebound in the latter part of the year.

Copyright Reuters, 2016

Comments

Comments are closed.