AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.80 Increased By ▲ 1.27 (0.98%)
BOP 6.81 Increased By ▲ 0.13 (1.95%)
CNERGY 4.70 Increased By ▲ 0.07 (1.51%)
DCL 8.99 Increased By ▲ 0.05 (0.56%)
DFML 42.70 Increased By ▲ 1.01 (2.42%)
DGKC 84.25 Increased By ▲ 0.48 (0.57%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 76.80 Increased By ▲ 1.33 (1.76%)
FFL 11.58 Increased By ▲ 0.11 (0.96%)
HUBC 111.00 Increased By ▲ 0.45 (0.41%)
HUMNL 14.80 Increased By ▲ 0.24 (1.65%)
KEL 5.42 Increased By ▲ 0.03 (0.56%)
KOSM 8.45 Increased By ▲ 0.05 (0.6%)
MLCF 39.80 Increased By ▲ 0.01 (0.03%)
NBP 60.89 Increased By ▲ 0.60 (1%)
OGDC 198.25 Decreased By ▼ -1.41 (-0.71%)
PAEL 26.80 Increased By ▲ 0.15 (0.56%)
PIBTL 7.93 Increased By ▲ 0.27 (3.52%)
PPL 158.48 Increased By ▲ 0.56 (0.35%)
PRL 26.60 Decreased By ▼ -0.13 (-0.49%)
PTC 18.68 Increased By ▲ 0.22 (1.19%)
SEARL 82.15 Decreased By ▼ -0.29 (-0.35%)
TELE 8.33 Increased By ▲ 0.02 (0.24%)
TOMCL 34.45 Decreased By ▼ -0.06 (-0.17%)
TPLP 9.24 Increased By ▲ 0.18 (1.99%)
TREET 17.40 Decreased By ▼ -0.07 (-0.4%)
TRG 61.70 Increased By ▲ 0.38 (0.62%)
UNITY 27.45 Increased By ▲ 0.02 (0.07%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 10,500 Increased By 93.7 (0.9%)
BR30 31,876 Increased By 162.7 (0.51%)
KSE100 97,875 Increased By 546.5 (0.56%)
KSE30 30,354 Increased By 161.9 (0.54%)

European shares fell from seven-week highs on Thursday after the European Central Bank held back on big policy moves despite mounting evidence of the damage being wrought on the euro zone economy by the coronavirus crisis.

Eurozone banks sank 5.5% as the central bank said it would pay more for banks to borrow from it but otherwise kept much of its remaining policy powder dry.

The banking sector also came under pressure from a 8.6% decline in France's Societe Generale as it reported a quarterly loss, while Britain's Lloyds Banking Group became the latest to be hit by provisions against expected bad loans due to the pandemic.

Along with a slide in energy stocks as oil major Royal Dutch Shell slumped 10.8% on cutting its dividend for the first time in 80 years, London's FTSE dived 3.5%. The index logged its steepest one-day loss in one month.

The wider oil & gas sector fell 3.4%. The pan-European STOXX 600 fell 2% after a three-day rally, while euro zone stocks were down 1.9%.

Copyright Reuters, 2020

Comments

Comments are closed.