BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.16 Decreased By ▼ -0.05 (-0.96%)
BML 56.60 Decreased By ▼ -0.90 (-1.57%)
BOP 33.82 Decreased By ▼ -0.21 (-0.62%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.07 Decreased By ▼ -1.63 (-2.98%)
FFL 16.58 Decreased By ▼ -0.11 (-0.66%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.27 Decreased By ▼ -0.13 (-1.76%)
KOSM 5.73 Decreased By ▼ -0.04 (-0.69%)
LOTCHEM 29.55 Increased By ▲ 0.23 (0.78%)
MLCF 92.90 Decreased By ▼ -1.46 (-1.55%)
NBP 202.00 Decreased By ▼ -1.05 (-0.52%)
NCPL 56.84 Decreased By ▼ -0.16 (-0.28%)
NPL 66.62 Decreased By ▼ -1.08 (-1.6%)
OGDC 318.98 Increased By ▲ 3.14 (0.99%)
PACE 10.55 Decreased By ▼ -0.09 (-0.85%)
PAEL 42.31 Decreased By ▼ -0.89 (-2.06%)
PIBTL 16.39 Decreased By ▼ -0.35 (-2.09%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 51.20 Increased By ▲ 2.01 (4.09%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 26.96 Decreased By ▼ -1.29 (-4.57%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 17.99 Decreased By ▼ -0.25 (-1.37%)
TPLP 13.44 Increased By ▲ 0.17 (1.28%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 59.48 Decreased By ▼ -0.66 (-1.1%)

 London's main index jumped as investors held out for a resolution to the Sino-U.S. trade dispute even as higher U.S. tariffs on more Chinese goods took effect, and airline group IAG rose after in-line first-quarter results.

The FTSE 100 was up 0.5% and the FTSE 250 was up 0.6% by 0725 GMT, ahead of GDP data.

China on Thursday appealed to Washington to meet it halfway to salvage a deal that could end their trade war, with talks between Chinese Vice Premier Liu He and U.S. representatives set to resume on Friday.

Asia-exposed financial heavyweights HSBC and Prudential rose as a result, while hopes of easing tensions also helped copper prices and guided miners higher.

The higher U.S. tariff "marks a sharp escalation in the trade spat, but it's not gone nuclear yet," Markets.com analyst Neil Wilson said.

In corporate news, British Airways owner IAG advanced 4.6% after it posted quarterly results in line with expectations.

But AstraZeneca slipped 1.3 percent after an anemia treatment developed by the company and its partners did not show a meaningful difference in risk of major adverse cardiac events against Pfizer's approved drug.

Among small stocks, London-listed shares of platinum miner Lonmin tumbled 6.1% after it said annual sales would be at the lower end of its target range, partly due to delays in a takeover by Sibanye-Stillwater.

Thomas Cook gained 5.5% after a Sky News report on Thursday that Virgin Atlantic had tabled an offer for the tour operator's long-haul unit.

Copyright Reuters, 2019

Comments

Comments are closed for this article.