BR100 Decreased By (-1.23%)
BR30 Decreased By (-1.32%)
KSE100 Decreased By (-1%)
KSE30 Decreased By (-1.12%)
AGHA 7.72 Decreased By ▼ -0.09 (-1.15%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.00 Decreased By ▼ -0.50 (-0.87%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 9.86 Decreased By ▼ -0.10 (-1%)
CSIL 5.29 Decreased By ▼ -0.02 (-0.38%)
FCCL 52.90 Decreased By ▼ -1.80 (-3.29%)
FFL 16.53 Decreased By ▼ -0.16 (-0.96%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.24 Decreased By ▼ -0.16 (-2.16%)
KOSM 5.75 Decreased By ▼ -0.02 (-0.35%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 92.00 Decreased By ▼ -2.36 (-2.5%)
NBP 201.37 Decreased By ▼ -1.68 (-0.83%)
NCPL 56.50 Decreased By ▼ -0.50 (-0.88%)
NPL 66.69 Decreased By ▼ -1.01 (-1.49%)
OGDC 313.50 Decreased By ▼ -2.34 (-0.74%)
PACE 10.49 Decreased By ▼ -0.15 (-1.41%)
PAEL 42.16 Decreased By ▼ -1.04 (-2.41%)
PIBTL 16.43 Decreased By ▼ -0.31 (-1.85%)
PPL 215.80 Decreased By ▼ -3.98 (-1.81%)
PRL 50.35 Increased By ▲ 1.16 (2.36%)
PTC 69.55 Decreased By ▼ -0.98 (-1.39%)
SSGC 26.98 Decreased By ▼ -1.27 (-4.5%)
TBL 9.76 Decreased By ▼ -0.10 (-1.01%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 18.15 Decreased By ▼ -0.09 (-0.49%)
TPLP 13.51 Increased By ▲ 0.24 (1.81%)
TREET 22.49 Decreased By ▼ -0.23 (-1.01%)
TRG 59.42 Decreased By ▼ -0.72 (-1.2%)

London's main index snapped a four-day losing streak on Thursday as comments from the U.S. central bank reinforced bets of an interest rate cut and lifted broader sentiment, while Reckitt gained after agreeing to a settlement with U.S. authorities.

The FTSE 100 added 0.2%, with the biggest support from oil majors. The mid-cap FTSE 250 rose 0.3% by 0707 GMT.

Federal Reserve Chairman Jerome Powell on Wednesday said the central bank was prepared to "act as appropriate" to counter a threat to the economy from the effects of a trade dispute with China and disappointing factory activity, stoking hopes that the Fed would ease its policy later this month.

Reckitt Benckiser added 2.2% after it agreed to pay up to $1.4 billion to resolve all U.S. federal investigations in connection with the sales and marketing of Suboxone Film by its former unit Indivior.

Indivior gained 24% after it raised its annual profit and revenue forecast in a separate statement as Suboxone lost market share at a lower pace than expected.

Copyright Reuters, 2019

Comments

Comments are closed for this article.