AVN 67.70 Decreased By ▼ -0.78 (-1.14%)
BOP 9.24 Decreased By ▼ -0.11 (-1.18%)
CHCC 138.00 Decreased By ▼ -5.10 (-3.56%)
DCL 10.58 Decreased By ▼ -0.32 (-2.94%)
DGKC 112.60 Decreased By ▼ -1.65 (-1.44%)
EFERT 64.80 Increased By ▲ 0.08 (0.12%)
EPCL 43.75 Decreased By ▼ -0.65 (-1.46%)
FCCL 21.26 Decreased By ▼ -0.92 (-4.15%)
FFL 15.81 Decreased By ▼ -0.38 (-2.35%)
HASCOL 15.70 Decreased By ▼ -0.09 (-0.57%)
HBL 135.00 Increased By ▲ 0.09 (0.07%)
HUBC 84.20 Increased By ▲ 4.32 (5.41%)
HUMNL 7.91 Decreased By ▼ -0.29 (-3.54%)
JSCL 26.10 Decreased By ▼ -0.44 (-1.66%)
KAPCO 29.14 Increased By ▲ 0.64 (2.25%)
KEL 3.83 Decreased By ▼ -0.02 (-0.52%)
LOTCHEM 11.99 Decreased By ▼ -0.17 (-1.4%)
MLCF 42.31 Decreased By ▼ -1.26 (-2.89%)
OGDC 96.35 Decreased By ▼ -0.91 (-0.94%)
PAEL 34.40 Decreased By ▼ -1.72 (-4.76%)
PIBTL 13.34 Increased By ▲ 0.26 (1.99%)
PIOC 99.00 Decreased By ▼ -4.70 (-4.53%)
POWER 10.07 Decreased By ▼ -0.32 (-3.08%)
PPL 85.96 Decreased By ▼ -0.45 (-0.52%)
PSO 206.89 Decreased By ▼ -0.79 (-0.38%)
SNGP 59.54 Decreased By ▼ -0.66 (-1.1%)
STPL 13.20 Increased By ▲ 0.12 (0.92%)
TRG 49.73 Decreased By ▼ -1.43 (-2.8%)
UNITY 22.24 Decreased By ▼ -0.49 (-2.16%)
WTL 1.07 Decreased By ▼ -0.02 (-1.83%)
BR100 4,289 Decreased By ▼ -21.55 (-0.5%)
BR30 21,878 Increased By ▲ 69.16 (0.32%)
KSE100 41,187 Decreased By ▼ -194.97 (-0.47%)
KSE30 17,297 Decreased By ▼ -80.48 (-0.46%)
COVID-19 TOTAL DAILY

LONDON: London's FTSE 100 fell to a near-two week low on Thursday as concerns over new coronavirus restrictions and Brexit-related uncertainty prompted investors to book profits after a rally earlier in the month. After slumping as much as 2.5% during the session, the blue-chip index closed down 1.7% to mark its biggest daily decline since late September, with energy, insurance and mining stocks leading declines.

The mid-cap FTSE 250 fell 0.6% with London set to enter a tighter Covid-19 lockdown from midnight on Friday as Prime Minister Boris Johnson seeks to tackle a swiftly accelerating second coronavirus wave. Pub operator Marston's Plc shed 1.4% as it announced job cuts due to the tiered-restrictions.

In company news, recruitment agency Hays Plc fell 1.3% after posting a 29% drop in its first-quarter net fees due to the coronavirus crisis. Business supplies distributor Bunzl Plc and Britain's biggest retailer Tesco Plc lost 2.4% and 3% in ex-dividend trading.

However, AO World Plc surged 30.7% after the online electricals retailer said it expect a 57% increase in first-half revenue on strong consumer demand during the Covid-19 pandemic.

"The issue is what it will actually do to the economy, and the fact that the UK is sort of backtracking on the progress that's been made is not a good sign for the economic recovery," said Greg Swenson, founding partner of Brigg Macadam, a London-based investment bank.

After tracking gains in global equities for two straight weeks on hopes of more US stimulus, UK stocks have also come under pressure this week as a Brexit trade deal remains elusive.

European Union leaders agreed to extend Brexit trade talks for few weeks on Thursday, but also called for no-deal preparations should the troubled negotiations fail.

"Markets don't like uncertainty and the fact that a no deal Brexit is looking like a possibility here is not good," Swenson said.