AGL 6.45 No Change ▼ 0.00 (0%)
ANL 9.70 Increased By ▲ 0.20 (2.11%)
AVN 77.60 Increased By ▲ 2.65 (3.54%)
BOP 5.43 Increased By ▲ 0.08 (1.5%)
CNERGY 4.97 Increased By ▲ 0.17 (3.54%)
EFERT 77.25 Decreased By ▼ -0.75 (-0.96%)
EPCL 55.49 Increased By ▲ 1.34 (2.47%)
FCCL 15.36 Increased By ▲ 0.36 (2.4%)
FFL 6.48 Increased By ▲ 0.28 (4.52%)
FLYNG 7.47 Increased By ▲ 0.46 (6.56%)
GGGL 10.45 Increased By ▲ 0.40 (3.98%)
GGL 16.39 Increased By ▲ 0.45 (2.82%)
GTECH 8.37 Increased By ▲ 0.52 (6.62%)
HUMNL 6.45 Increased By ▲ 0.18 (2.87%)
KEL 2.93 Increased By ▲ 0.10 (3.53%)
LOTCHEM 28.34 Increased By ▲ 0.69 (2.5%)
MLCF 28.08 Increased By ▲ 1.08 (4%)
OGDC 73.85 Increased By ▲ 0.50 (0.68%)
PAEL 15.55 Increased By ▲ 0.25 (1.63%)
PIBTL 5.35 Increased By ▲ 0.20 (3.88%)
PRL 17.39 Increased By ▲ 1.29 (8.01%)
SILK 1.07 Increased By ▲ 0.03 (2.88%)
TELE 10.96 Increased By ▲ 0.51 (4.88%)
TPL 7.81 Increased By ▲ 0.12 (1.56%)
TPLP 19.66 Increased By ▲ 0.44 (2.29%)
TREET 23.85 Increased By ▲ 1.10 (4.84%)
TRG 126.90 Increased By ▲ 11.00 (9.49%)
UNITY 23.06 Increased By ▲ 1.26 (5.78%)
WAVES 11.55 Increased By ▲ 0.40 (3.59%)
WTL 1.14 Increased By ▲ 0.02 (1.79%)
BR100 4,126 Increased By 86.6 (2.14%)
BR30 15,495 Increased By 511.5 (3.41%)
KSE100 41,152 Increased By 531.3 (1.31%)
KSE30 15,420 Increased By 206.9 (1.36%)
Follow us

LONDON: London’s FTSE 100 rose on Wednesday, led by gains in AstraZeneca and energy heavyweights BP and Royal Dutch Shell, while Just Eat Takeaway.com dropped following Uber Eats’ plan to foray into the German market.

Drugmaker AstraZeneca gained 1.7% and was the top boost to the FTSE 100 after India’s Serum Institute said it would sell AstraZeneca vaccine to private hospitals at $8/dose.

The blue-chip index rose 0.5%, with oil majors and adding 1.4% and 1.2% respectively, after Azerbaijan’s energy ministry said BP’s oil output was 5.9 million tonnes in the first quarter.

Meanwhile, traders assumed a rise in inflation in March would have little impact on monetary policy after data showed British consumer price inflation rose to 0.7% in March, while prices charged by manufacturers rose by 1.9%, the highest in nearly two years.

The FTSE 100 has gained 6.7% year-to-date on optimism about a speedy economic recovery from the pandemic-driven recession, although weighing on sentiment are concerns that central banks would tighten monetary policy sooner than expected on prospects of rising inflation.

British house prices rose at the fastest annual rate in more than six years in February, data showed, pushing construction and material stocks up 0.8%.

Just Eat Takeaway.com fell 2.7% after a media report about rival Uber Eats’ plan to start a food delivery service in Germany, one of Just Eats’ most lucrative markets.

Comments

Comments are closed.