Tag Archives: Stocks

European stocks stable before holidays

European stocks stable before holidays

LONDON: Europe’s main stock markets changed little on Thursday, ahead of the Christmas break, as investors assessed modest overnight gains on Wall Street and a mixed performance in Asia. London’s FTSE 100 rose 0.16 percent to 5,993.17 points with the energy sector boosted as oil prices forged two-year highs this week. Elsewhere, the Paris CAC 40 retreated 0.31 percent to 3,907.66 points while Frankfurt’s DAX 30 index edged up 0.06 percent to 7,072.70 points.
The German stock

Korean skirmish, economic woes jolt Asian stocks

HONG KONG: The Korean crisis and global economic woes jolted Asian stock markets on Wednesday although Hong Kong and Shanghai revived somewhat after sharp losses in the previous session.
Tokyo’s Nikkei index was down 0.75 percent by lunch following sharp losses early in the day, while Sydney’s S&P/ASX 200 index was down 0.26 percent in the afternoon.
Seoul’s Kospi index was off by 0.64 percent after initially falling 2.33 percent in its first reaction to Tuesday’s outbreak

Oil stocks sustain investors’ interest in KSE

KARACHI: The market dwindled by 35 points today and closed at 11,171 levels. A total of 155 million shares were traded as investors opted to book profits in key oil stocks.
A bull run at the local bourse was cut short by a mild correction of 35 points or 0.31 percent in today’s trading session as the index closed at 11,171 levels.
Following a massive gain of 3.05 percent in the last three trading sessions, before and after Eid, profit booking was inevitable in order to

Stocks end lower but rupee firmer

KARACHI: Stocks fell on Thursday as the corporate result season had almost ended and investors awaiting the outcome of meetings between International Monetary Fund and Pakistani officials.
IMF and Pakistani authorities are meeting in Islamabad to discuss the possible release of the sixth tranche of an $11 billion emergency loan agreed in November 2008. The KARACHI Stock Exchange’s benchmark 100-share index ended 0.65 percent, or 69.17 points, lower at 10,634.99.
Volume was