AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

SHANGHAI: Chinese shares climbed on Monday, driven by coal firms on supply fears and defence equities on rising tensions with Taiwan, while Alibaba and Meituan helped Hong Kong shares notch a four-week high.

The CSI300 index rose 0.5% to 4,953.04 by the end of the morning session, while the Shanghai Composite Index gained 0.4% to 3,605.76.

The Hang Seng index climbed 2.2% to 25,391.37. The Hong Kong China Enterprises Index gained 2.9% to 9,025.86.

** The Hang Seng Tech Index jumped 3.7%, with e-commerce giant Alibaba Group and food-delivery company Meituan up more than 9% each.

** China's antitrust regulator fined Meituan 3.4 billion yuan ($527.4 million) for abusing its dominant market position, the latest penalty in Beijing's clampdown on online platforms.

** Jefferies says with the overhang now removed, the long-term outlook for Meituan is bright.

** Alibaba rose for a fourth straight session, after Daily Journal Corp, chaired by Charlie Munger, boosted its holdings by 83% during the third quarter, according to public disclosures.

** The energy sub-index and the healthcare sub-index added 1.9% and 1.5%, respectively.

** In mainland markets, the coal sub-index gained 3.4% amid short supply, which has led to China's worst power crunch in years.

** China has ordered its two top coal regions to boost output and will allow coal-fired power utilities to charge customers higher prices.

** Citic Securities said it would take time for the measures to take effects and estimated the supply crunch situation is hard to be reversed this year.

** Real estate firms and banks gained more than 2.7% each.

** A sub-index tracking defence stocks went up 2.9%.

** Chinese President Xi Jinping vowed on Saturday to achieve "peaceful reunification" with Taiwan, while the Chinese-claimed island responded by calling on Beijing to abandon its coercion.

Comments

Comments are closed.