AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.45 Decreased By ▼ -0.12 (-2.15%)
CNERGY 4.48 Decreased By ▼ -0.08 (-1.75%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.60 Decreased By ▼ -0.36 (-0.51%)
FCCL 20.07 Decreased By ▼ -0.23 (-1.13%)
FFBL 30.65 Increased By ▲ 1.54 (5.29%)
FFL 9.78 Decreased By ▼ -0.05 (-0.51%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 115.00 Increased By ▲ 0.75 (0.66%)
HUBC 132.65 Increased By ▲ 3.55 (2.75%)
HUMNL 6.70 Decreased By ▼ -0.01 (-0.15%)
KEL 4.39 Decreased By ▼ -0.05 (-1.13%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.50 Decreased By ▼ -0.50 (-1.35%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.55 Increased By ▲ 0.01 (0.04%)
PIAA 25.45 Decreased By ▼ -0.44 (-1.7%)
PIBTL 6.62 Increased By ▲ 0.02 (0.3%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 29.90 Increased By ▲ 0.49 (1.67%)
PTC 14.80 Decreased By ▼ -0.44 (-2.89%)
SEARL 57.69 Increased By ▲ 0.66 (1.16%)
SNGP 66.25 Decreased By ▼ -0.20 (-0.3%)
SSGC 10.94 Decreased By ▼ -0.04 (-0.36%)
TELE 8.82 Increased By ▲ 0.02 (0.23%)
TPLP 11.52 Decreased By ▼ -0.18 (-1.54%)
TRG 68.41 Decreased By ▼ -0.21 (-0.31%)
UNITY 23.51 Increased By ▲ 0.11 (0.47%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,389 Increased By 94.4 (1.29%)
BR30 24,115 Increased By 260.5 (1.09%)
KSE100 70,931 Increased By 641.3 (0.91%)
KSE30 23,370 Increased By 199.3 (0.86%)

European stocks were slightly lower in early trading on Thursday, as fears of a global recession and the impact of a disorderly Brexit kept investors away from risky assets.

Prime Minister Boris Johnson decided to suspend Britain's parliament for more than a month before Brexit, a move that will limit the time opponents have to derail a disorderly Brexit and increases the chance that Johnson could face a vote of no-confidence in his government.

However, the fall in the pound helped Britain's FTSE 100  rise 0.14% and outperform the pan-European STOXX 600 index, which was flat by 0710 GMT.

Meanwhile, the Trump administration on Wednesday officially stamped its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, the latest move in a trade war between the two countries that has entered its second year.

British IT group Micro Focus slumped 24% after it warned on profit, citing lower spending by clients.

Copyright Reuters, 2019

Comments

Comments are closed.