AGL 38.09 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 136.34 Increased By ▲ 2.15 (1.6%)
BOP 9.20 Increased By ▲ 0.35 (3.95%)
CNERGY 4.72 Increased By ▲ 0.03 (0.64%)
DCL 8.85 Increased By ▲ 0.18 (2.08%)
DFML 38.34 Decreased By ▼ -1.44 (-3.62%)
DGKC 85.45 Increased By ▲ 0.30 (0.35%)
FCCL 35.15 Increased By ▲ 0.25 (0.72%)
FFBL 76.21 Increased By ▲ 0.61 (0.81%)
FFL 12.66 Decreased By ▼ -0.08 (-0.63%)
HUBC 108.70 Decreased By ▼ -0.75 (-0.69%)
HUMNL 14.73 Increased By ▲ 0.63 (4.47%)
KEL 5.58 Increased By ▲ 0.18 (3.33%)
KOSM 7.96 Increased By ▲ 0.21 (2.71%)
MLCF 40.78 Decreased By ▼ -0.59 (-1.43%)
NBP 70.94 Increased By ▲ 1.24 (1.78%)
OGDC 195.25 Increased By ▲ 1.63 (0.84%)
PAEL 26.96 Increased By ▲ 0.75 (2.86%)
PIBTL 7.46 Increased By ▲ 0.04 (0.54%)
PPL 168.02 Increased By ▲ 4.17 (2.55%)
PRL 26.19 Decreased By ▼ -0.17 (-0.64%)
PTC 20.34 Increased By ▲ 0.87 (4.47%)
SEARL 92.75 Increased By ▲ 8.35 (9.89%)
TELE 7.84 Decreased By ▼ -0.15 (-1.88%)
TOMCL 35.49 Increased By ▲ 1.44 (4.23%)
TPLP 8.91 Increased By ▲ 0.19 (2.18%)
TREET 17.29 Increased By ▲ 0.11 (0.64%)
TRG 59.27 Decreased By ▼ -1.73 (-2.84%)
UNITY 31.02 Increased By ▲ 2.06 (7.11%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,901 Increased By 125.5 (1.16%)
BR30 32,654 Increased By 420 (1.3%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Brazil's benchmark stock index ended slightly higher on Friday as investors sought buying opportunities among stocks that had fallen about 3 percent in the last three sessions on doubts about whether the country's Congress would pass a proposed overhaul of pensions. In recent days, investors and analysts have focused on attempts by President Michel Temer to whip up the votes he needs in Congress to pass the pension bill, seen as vital to bolstering Brazil's fiscal health.
Equity and currency markets held relatively steady across Latin America. Mexico's S&P/BVM IPC share index briefly reached its lowest level since March before recovering to close 0.37 percent higher than Thursday. The Mexican peso briefly strengthened after former US national security adviser Michael Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia and agreed to cooperate with prosecutors delving into the actions of President Donald Trump's inner circle before he took office in January. The peso later pared gains to trade almost flat.
Mexico's financial markets have been rattled since Trump took office due to fears he could follow up on campaign threats to pull the United States out of the North American Free Trade Agreement, known as NAFTA, which underpins a large chunk of the country's export business. Broadcaster Grupo Televisa put pressure on Mexico's main share index, with its stock falling 2.3 percent. Bottler and retailer Fomento Economico Mexicano, or FEMSA, helped offset that with shares rising 2.4 percent. In Brazil, the Bovespa index closed up 0.41 percent, while the real fell 0.09 percent.
The Bovespa declined 3.4 percent during November as the pension bill was watered down. But investors were more hopeful on Friday ahead of Temer's plan to meet this weekend with Geraldo Alckmin, governor of Sao Paulo state and a key figure in the Brazilian Social Democracy Party, which would be an important partner in the pension debate.

Comments

Comments are closed.