Home / This Week / Market / World Stock Markets

World Stock Markets

Pakistan’s stocks index sheds over 400 points

The KSE-100 Index continued to lose ground for the third consecutive day on Friday as political noise and dearth of positive triggers dented investor sentiments.

The bourse dropped over 400 points during the day with cumulative loss in the last three sessions was nearly 900 points.

At close, the benchmark KSE 100-share Index recorded a decrease of 411.62 points or 1% to settle at 40,854.77. Fauji Cement (+1.11%) led the volumes chart with more than 13 million shares changing hands. Overall, trading volumes decreased to 120.9 million shares compared with Thursday’s tally of 159.7 million. The value of shares traded during the day was Rs4.6 billion. Shares of 378 companies were traded. At the end of the day, 80 stocks closed higher, 283 declined while 13 remained unchanged. Fauji Cement was the volume leader with 13.9 million shares, gaining Rs0.27 to close at Rs24.51.

US stocks tumble on tariff worries

Wall Street’s major indexes fell on Friday as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.

US stocks were lower for most of Friday’s session but dipped further in the last half-hour of trading on reports that Apple products, including the Apple Watch and AirPods, would be slapped with duties. Apple shares, which had been in positive territory for most of the session, ended 0.8 percent lower.

The company provided those details in response to the White House’s proposed tariffs on $200 billion worth of Chinese imports. A comment period for those tariffs ended on Thursday night. Earlier on Friday, White House economic adviser Larry Kudlow said Trump would not make any decisions on those tariffs until officials evaluated public comments.

The Dow Jones Industrial Average fell 79.33 points, or 0.31 percent, to 25,916.54, the S&P 500 lost 6.37 points, or 0.22 percent, to 2,871.68 and the Nasdaq Composite dropped 20.19 points, or 0.25 percent, to 7,902.54.

For the week, the Dow lost 0.19 percent, the S&P fell 1.03 percent, and the Nasdaq shed 2.55 percent. The Nasdaq registered its greatest weekly percentage decline since late March, while the S&P’s weekly percentage drop was its biggest since late June.

Tesla Inc shares slid 6.3 percent following reports of two executives leaving the company and on mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live Web show.

Declining issues outnumbered advancing ones on the NYSE by a 2.21-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.

 

Britain’s FTSE falls on trade fears

The UK’s blue-chip index fell on Friday as investors awaited news on whether the United States would impose new tariffs on Chinese imports while a data breach at British Airways triggered a fall in its owner’s shares.

The FTSE 100 fell 0.6 percent at 7,277.70 points, accelerating losses in afternoon trading as the pound rose after EU negotiator Michel Barnier said the bloc was open to discussing other “backstops” on the Brexit issue. Shares in British Airways’ parent International Airlines Group fell 1.4 percent after the airline reported the theft of financial and personal data of potentially hundreds of thousands of customers.

Among mid-caps, British pub operator Greene King surged 7.5 percent after reporting a boost in sales thanks to exceptionally warm weather and the soccer World Cup. The company, which owns ale brands such as Greene King IPA, Old Speckled Hen and Abbot Ale, said it sold 3.7 million pints of beer during England’s seven World Cup matches. Shares in Ashmore rose 1.4 percent after the emerging markets asset manager published full-year results.

Tokyo stocks close lower

Tokyo stocks closed lower on Friday on fresh concerns over a possible intensifying of a trade row with the US after a reported comment by President Donald Trump on Japan.

The benchmark Nikkei 225 index ended down 0.80 percent or 180.88 points at 22,307.06, while the broader Topix index was down 0.48 percent or 8.10 points at 1,684.31.

Indian shares rise, wrap up worst week since end June

Indian shares ended higher on Friday helped by gains in energy and automobile stocks as the rupee regained some lost ground, but the benchmark indexes logged their worst week since end June.

The BSE index rose 0.38 percent to 38,389.82, but finished the week 0.66 percent lower. The broader NSE index advanced 0.45 percent to 11589.10, but posted a 0.78 percent loss on week. Reliance Industries Ltd, up 1.4 percent, was the top boost to the index. The Nifty Auto index climbed 2.2 percent, with Hero MotoCorp Ltd, up 5.2 percent, topping the gains.

Sri Lankan shares climb

Sri Lankan shares ended slightly firmer on Friday, boosted by foreign buying, and posted their third straight week of gains. The Colombo stock index ended 0.09 percent firmer at 6,117.89.

The bourse rose 0.6 percent during the week. The day’s turnover was 274 million rupees ($1.69 million), about a third of this year’s daily average of 796.7 million rupees. The government is set to unveil its 2019 national budget in November. Foreign investors bought a net 29.4 million rupees of shares on Friday, recording the first session of net foreign buying in nine. But they have been net sellers of 4.3 billion rupees worth of shares so far this year. Shares of AIA Insurance Lanka Plc rose 4.8 percent, Sri Lanka Telecom Plc climbed 3.2 percent and Asiri Hospitals Plc closed 3.9 percent higher.

TSX slips after surprise drop in Aug jobs

Canada’s main stock index fell on Friday after domestic data showed a surprise decline in jobs in August and as trade and tariff worries continued to weigh.

At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 95.84 points, or 0.6 percent, at 16,005.1. TSX has closed lower in the past five sessions in a row and is set for biggest weekly decline in 24 weeks at current level. Canadian economy unexpectedly shed 51,600 jobs in August after two months of gains, lifting the unemployment rate to 6 percent. Reuters poll of analysts had predicted a gain of 5,000 jobs and unemployment rate to rise to 5.9 percent. All of the index’s 11 major sectors fell, led by the energy sector’s 1.7 percent alongside a slide in oil prices.

Check Also

World Stock Markets updates

World Stock Markets

KSE-100 powers past 41,000 with rise of 528 points In a positive turn of events, …

Leave a Reply