London stocks rise at open despite hung parliament

LONDON: The London stock market rose in opening deals on Friday, as dealers eyed the tumbling pound after British Prime Minister Theresa May lost her parliamentary majority in a snap election.

The British capital's benchmark FTSE 100 index gained 0.6 percent to 7,494.96 points in initial deals. In the eurozone, Frankfurt's DAX 30 index opened flat at 12,711.53 points but the Paris CAC 40 was 0.2 percent higher at 5,275.99.