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%)

Canada's main stock index rose on Friday as higher bond yields boosted financials, while shares of Rogers Communications jumped after the telecommunications company reported profits that beat estimates. The Toronto Stock Exchange's S&P/TSX composite index closed up 29.9 points, or 0.19 percent, at 15,484.32. For the week, the index rose 1.4 percent. Financials, which account for more than one-third of the weight of the TSX, rose 0.5 percent.
Canada's 10-year yield reached its highest intraday since Feb. 21 at 2.357 percent. Higher bond yields reduce the value of insurance companies' liabilities and increase net interest margins of banks. Rogers Communications climbed 5.9 percent to C$61.34. First-quarter results, reported by the cable and telecom company after the bell on Thursday, showed that more wireless postpaid and internet customers had been signed up.
Six of the index's 10 main groups ended higher. Energy fell 0.6 percent. The price of oil recovered after an earlier slide driven by US President Donald Trump's criticism of Opec's role in pushing up global oil prices. US crude oil futures CLc1 settled 0.1 perceent higher at $68.38 a barrel The TSX posted three new 52-week highs and three new lows.
The largest percentage gainer on the TSX was Nexgen Energy Ltd, which rose 6.2 percent, while the largest decliner was Cascades Inc, down 5.0 percent. Among the most active Canadian stocks by volume were Cenovus Energy, down 3.3 percent to C$12.28 and Baytex Energy Co, up 2.3 percent to C$4.90.

Copyright Reuters, 2018

Comments

Comments are closed.