ANL 12.50 Decreased By ▼ -0.12 (-0.95%)
ASC 14.79 Increased By ▲ 0.14 (0.96%)
ASL 15.28 Decreased By ▼ -0.32 (-2.05%)
AVN 106.20 Increased By ▲ 1.95 (1.87%)
BOP 8.40 Decreased By ▼ -0.02 (-0.24%)
CNERGY 6.18 Decreased By ▼ -0.29 (-4.48%)
FFL 9.07 Decreased By ▼ -0.10 (-1.09%)
FNEL 8.50 Decreased By ▼ -0.45 (-5.03%)
GGGL 13.09 Decreased By ▼ -0.31 (-2.31%)
GGL 20.20 Decreased By ▼ -0.68 (-3.26%)
GTECH 9.35 Decreased By ▼ -0.35 (-3.61%)
HUMNL 6.77 Increased By ▲ 0.17 (2.58%)
KEL 3.10 Decreased By ▼ -0.06 (-1.9%)
KOSM 4.11 Decreased By ▼ -0.23 (-5.3%)
MLCF 33.35 Decreased By ▼ -0.30 (-0.89%)
PACE 4.15 Decreased By ▼ -0.05 (-1.19%)
PIBTL 7.17 Decreased By ▼ -0.07 (-0.97%)
PRL 14.09 Decreased By ▼ -0.25 (-1.74%)
PTC 8.58 Decreased By ▼ -0.10 (-1.15%)
SILK 1.29 Decreased By ▼ -0.05 (-3.73%)
SNGP 33.50 Decreased By ▼ -0.30 (-0.89%)
TELE 17.48 Decreased By ▼ -0.40 (-2.24%)
TPL 12.75 Decreased By ▼ -0.75 (-5.56%)
TPLP 27.60 Decreased By ▼ -0.42 (-1.5%)
TREET 38.87 Decreased By ▼ -0.82 (-2.07%)
TRG 80.75 Decreased By ▼ -2.55 (-3.06%)
UNITY 27.32 Decreased By ▼ -0.53 (-1.9%)
WAVES 14.94 Decreased By ▼ -0.11 (-0.73%)
WTL 2.15 Decreased By ▼ -0.07 (-3.15%)
YOUW 7.90 Decreased By ▼ -0.19 (-2.35%)
BR100 4,585 Decreased By -11.3 (-0.25%)
BR30 17,412 Decreased By -369.7 (-2.08%)
KSE100 44,924 Decreased By -94.4 (-0.21%)
KSE30 17,727 Decreased By -21 (-0.12%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,105
824hr
Pakistan Cases
1,374,800
7,19524hr
Sindh
526,899
Punjab
464,431
Balochistan
33,941
Islamabad
118,292
KPK
185,340
Markets

TSX gains on energy boost, recovery hopes

  • At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 64.89 points, or 0.43pc, at 15,301.1.
  • Oil prices rose to near three-month highs on expectations that major producers would agree to extend output cuts, in a bid
02 Jun, 2020

Canada's main stock index rose on Tuesday as energy stocks gained on higher oil prices, with sentiment also supported by hopes for an economic recovery from a coronavirus-fueled slump.

At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 64.89 points, or 0.43pc, at 15,301.1.

The energy sector climbed 2.6pc as U.S. crude prices gained 1.2pc, while Brent crude added 1.6pc.

Oil prices rose to near three-month highs on expectations that major producers would agree to extend output cuts, in a bid to recover crude demand.

The financials sector gained 1.4pc, while the industrials sector fell 0.1pc.

The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3pc as gold futures fell 0.1pc to $1,736.4 an ounce.

On the TSX, 145 issues were higher, while 82 issues declined for a 1.77-to-1 ratio favoring gainers, with 19.73 million shares traded.

The largest percentage gainer on the TSX was Blackberry Ltd, which jumped 5.7pc after the enterprise software and services provider named Thomas Eacobacci as president.

Its gains were followed by oil producer MEG Energy Corp , which rose 5.0pc.

WSP Global Inc fell 4.3pc, the most on the TSX, after the company announced public offering of its common shares worth $437 million.

The second-biggest decliner was First Majestic Silver Corp , down 2.9pc.

The most heavily traded shares by volume were Royal Nickel Corp, up 1.9pc; Hexo Corp, down 1.1pc, and Bombardier Inc, up 1.1pc.

The TSX posted three new 52-week highs and no new lows.

Across all Canadian issues there were 16 new 52-week highs and one new low, with total volume of 40.51 million shares.

TSX

Comments

Comments are closed.