AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)
Markets

TSX rises as TransCanada climbs after Keystone approval

TORONTO: Canada's main stock index rose on Friday, led by financial and energy shares as oil prices gained and
Published March 24, 2017

 

tsx-TORONTO: Canada's main stock index rose on Friday, led by financial and energy shares as oil prices gained and after TransCanada Corp said the US Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline.

At 9:50 a.m. ET (1350 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 35.46 points, or 0.23 percent, to 15,469.07.

The gains came as investors awaited a vote on a US healthcare bill, seen as a test of President Donald Trump's ability to pass his legislative agenda, including tax cuts and infrastructure spending that could boost economic growth, through Congress.

TransCanada's shares rose 1.1 percent to C$62.44, while the overall energy group gained 0.3 percent.

Prices of oil, one of Canada's major exports, were boosted by hopes that an Organization of the Petroleum Exporting Countries output cut was beginning to balance a long-oversupplied market.

US crude prices were up 0.4 percent at $47.89 a barrel, while Brent crude added 0.4 percent to $50.77.

Nine of the index's 10 main groups rose, including a 0.2 percent gain for the heavyweight financials group, while industrials rose 0.4 percent as railroad stocks gained ground.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.2 percent, while spot gold was little changed.

Copyright Reuters, 2017
 

Comments

Comments are closed.