AGL 6.70 Decreased By ▼ -0.08 (-1.18%)
ANL 9.75 Increased By ▲ 0.37 (3.94%)
AVN 80.00 Decreased By ▼ -1.40 (-1.72%)
BOP 5.45 Decreased By ▼ -0.02 (-0.37%)
CNERGY 4.95 Decreased By ▼ -0.08 (-1.59%)
EFERT 81.82 Decreased By ▼ -1.17 (-1.41%)
EPCL 59.27 Increased By ▲ 0.32 (0.54%)
FCCL 15.64 Decreased By ▼ -0.16 (-1.01%)
FFL 6.56 Increased By ▲ 0.06 (0.92%)
FLYNG 8.35 Decreased By ▼ -0.12 (-1.42%)
GGGL 10.20 Decreased By ▼ -0.03 (-0.29%)
GGL 16.45 Decreased By ▼ -0.19 (-1.14%)
GTECH 8.54 Decreased By ▼ -0.06 (-0.7%)
HUMNL 6.35 Decreased By ▼ -0.10 (-1.55%)
KEL 3.00 Decreased By ▼ -0.05 (-1.64%)
LOTCHEM 30.50 Increased By ▲ 0.62 (2.07%)
MLCF 28.90 Increased By ▲ 0.10 (0.35%)
OGDC 75.45 Decreased By ▼ -0.90 (-1.18%)
PAEL 16.28 Decreased By ▼ -0.07 (-0.43%)
PIBTL 5.73 Decreased By ▼ -0.05 (-0.87%)
PRL 17.23 Decreased By ▼ -0.22 (-1.26%)
SILK 1.13 Decreased By ▼ -0.03 (-2.59%)
TELE 11.74 Increased By ▲ 0.34 (2.98%)
TPL 8.01 Decreased By ▼ -0.16 (-1.96%)
TPLP 21.65 Decreased By ▼ -0.60 (-2.7%)
TREET 23.40 Decreased By ▼ -0.18 (-0.76%)
TRG 144.50 Decreased By ▼ -3.50 (-2.36%)
UNITY 23.15 Decreased By ▼ -0.20 (-0.86%)
WAVES 11.52 Decreased By ▼ -0.18 (-1.54%)
WTL 1.61 Increased By ▲ 0.02 (1.26%)
BR100 4,244 Decreased By -4.4 (-0.1%)
BR30 16,406 Decreased By -179.2 (-1.08%)
KSE100 42,107 Decreased By -53.1 (-0.13%)
KSE30 15,869 Decreased By -25.5 (-0.16%)
Markets

European stocks steady on strong earnings, M&A activity

  • The pan-European STOXX 600 index was flat in morning trade after eight consecutive days of record gains
Published August 12, 2021
Follow us

European stocks held steady on Thursday, trading just below record highs as strong earnings from a clutch of insurers and M&A activity in UK helped offset a decline in miners.

The pan-European STOXX 600 index was flat in morning trade after eight consecutive days of record gains.

British insurer Aviva rose 1.8% after it said it would return at least 4 billion pounds ($5.5 billion) to shareholders, while Zurich Insurance Group AG added 2.2% on reporting a 60% jump in first-half business operating profit.

European shares eye longest winning streak since June

Dutch insurer Aegon NV jumped 6.5% on posting a much better than expected second-quarter earnings.

Dragging down miners, UK-listed shares of global miner Rio Tinto tumbled 6.1% on trading ex-dividend.

Cineworld Group rose 7.2% after it said it was considering a listing of itself or a partial listing of its movie chain Regal on Wall Street.

Stock Spirits Group jumped 42.5% funds as funds affiliated with private-equity firm CVC agreed to take over the London-listed vodka maker in a deal valuing it at 767 million pounds ($1.1 billion).

Comments

Comments are closed.