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's leading share index capped its best week in nearly 6 months on Friday as investors continued to scoop up bluechips on signs that the economy is on steadier footing. The CSI300 index rose for a fifth straight day, advancing 0.9 percent to 3,521.30 points, its highest in nearly 11 months. Also reflecting growing investor confidence, the Shanghai Composite Index shook off a near 1 percent drop in morning trade and ended up 0.6 percent at 3,261.94 points.
For the week, the CSI300 rose 3 percent, while the SSEC gained 2.2 percent, its best week since mid-November. With the economy showing signs of stabilization, and even some recovery in certain sectors, a growing number of brokerages are starting to turn optimistic, predicting further market gains. Analysts say China's stock market is becoming increasingly attractive to yield-seeking investors, such as insurers, amid the backdrop of growing curbs on the housing market, a fragile bond market and high volatility in the futures market.
Such optimism has emboldened stock punters to boost their leveraged bets. Outstanding margin financing - money investors borrow to buy stocks - jumped to over 956 billion yuan ($138.27 billion) this week, up 50 billion yuan from end-October, and the highest level since December, 2015. Most sectors gained ground, led by properties and banks.

Copyright Reuters, 2016

Comments

Comments are closed.