BR100 Decreased By (-1.14%)
BR30 Decreased By (-1.05%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.9%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.16 Decreased By ▼ -0.05 (-0.96%)
BML 56.98 Decreased By ▼ -0.52 (-0.9%)
BOP 33.69 Decreased By ▼ -0.34 (-1%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.32 Increased By ▲ 0.01 (0.19%)
FCCL 53.36 Decreased By ▼ -1.34 (-2.45%)
FFL 16.53 Decreased By ▼ -0.16 (-0.96%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.24 Decreased By ▼ -0.16 (-2.16%)
KOSM 5.74 Decreased By ▼ -0.03 (-0.52%)
LOTCHEM 29.23 Decreased By ▼ -0.09 (-0.31%)
MLCF 92.69 Decreased By ▼ -1.67 (-1.77%)
NBP 202.00 Decreased By ▼ -1.05 (-0.52%)
NCPL 56.60 Decreased By ▼ -0.40 (-0.7%)
NPL 66.85 Decreased By ▼ -0.85 (-1.26%)
OGDC 316.10 Increased By ▲ 0.26 (0.08%)
PACE 10.47 Decreased By ▼ -0.17 (-1.6%)
PAEL 42.00 Decreased By ▼ -1.20 (-2.78%)
PIBTL 16.40 Decreased By ▼ -0.34 (-2.03%)
PPL 216.50 Decreased By ▼ -3.28 (-1.49%)
PRL 51.06 Increased By ▲ 1.87 (3.8%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 17.97 Decreased By ▼ -0.27 (-1.48%)
TPLP 13.38 Increased By ▲ 0.11 (0.83%)
TREET 22.60 Decreased By ▼ -0.12 (-0.53%)
TRG 59.34 Decreased By ▼ -0.80 (-1.33%)

imageLONDON: European shares rose on Friday, with Greek equities among the best performers, led by a rebound in battered bank stocks.

The suspension of campaigning for Britain's referendum on European Union membership also eased some of the selling pressure markets saw this week.

The campaigns halted after a pro-EU British politician, Jo Cox, was killed on Thursday by a man wielding a gun and knife .

The pan-European STOXX 600 and FTSEurofirst 300 indexes both rose around 1.2 percent.

They remained on course to end the week with a loss after falling close to four-month lows on Thursday. Greece's benchmark ATG equity index outperformed, rising 3.9 percent. Alpha Bank and Eurobank Ergasias surged more than 10 percent after Greece got its latest financial aid from European authorities.

"Greece has seen a bit of a bounce after the Eurogroup granted Greece its latest 7.5 billion euros ($8.4 billion)tranche of funding," said Markus Huber, trader at City of London Markets Limited.

Britain, the world's fifth-largest economy, votes on June 23 on whether to leave the EU.

Concern that it will quit the EU has hit stock markets this week, driving investors towards safe-haven assets such as gold and German bunds.

Betting odds show a greater probability that Britain will vote to stay in the EU. But recent opinion polls have put the "Leave" camp in the lead.

"The 'Leave' camp has been ahead in the polls, but that does not necessarily mean they will win the actual vote. We don't want to call the result either way, and I would expect the rally today to soon fizzle out at the start of next week," said Dominic Ryder, senior trader at JNF Capital.

Copyright Reuters, 2016

Comments

Comments are closed for this article.