ANL 12.54 Decreased By ▼ -1.01 (-7.45%)
ASC 12.70 Decreased By ▼ -0.62 (-4.65%)
ASL 13.46 Decreased By ▼ -0.56 (-3.99%)
BOP 8.38 Increased By ▲ 0.02 (0.24%)
BYCO 5.96 Decreased By ▼ -0.18 (-2.93%)
FCCL 17.08 Decreased By ▼ -0.53 (-3.01%)
FFBL 24.05 Decreased By ▼ -0.85 (-3.41%)
FFL 9.97 Decreased By ▼ -0.28 (-2.73%)
FNEL 9.25 Decreased By ▼ -0.55 (-5.61%)
GGGL 14.00 Decreased By ▼ -1.30 (-8.5%)
GGL 27.05 Decreased By ▼ -2.45 (-8.31%)
HUMNL 5.73 Decreased By ▼ -0.17 (-2.88%)
JSCL 15.00 Decreased By ▼ -1.00 (-6.25%)
KAPCO 31.60 Decreased By ▼ -0.45 (-1.4%)
KEL 3.22 Increased By ▲ 0.05 (1.58%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 32.75 Decreased By ▼ -1.64 (-4.77%)
NETSOL 90.21 Decreased By ▼ -5.29 (-5.54%)
PACE 4.10 Decreased By ▼ -0.15 (-3.53%)
PAEL 20.51 Decreased By ▼ -0.92 (-4.29%)
PIBTL 7.25 Decreased By ▼ -0.35 (-4.61%)
POWER 6.39 Decreased By ▼ -0.21 (-3.18%)
PRL 11.95 Decreased By ▼ -0.74 (-5.83%)
PTC 8.80 Increased By ▲ 0.05 (0.57%)
SILK 1.17 Decreased By ▼ -0.08 (-6.4%)
SNGP 37.70 Decreased By ▼ -0.98 (-2.53%)
TELE 14.85 Decreased By ▼ -1.03 (-6.49%)
TRG 77.68 Decreased By ▼ -4.05 (-4.96%)
UNITY 22.90 Decreased By ▼ -0.80 (-3.38%)
WTL 2.03 Decreased By ▼ -0.02 (-0.98%)
BR100 4,381 Decreased By ▼ -20.35 (-0.46%)
BR30 16,863 Decreased By ▼ -630.48 (-3.6%)
KSE100 43,233 Decreased By ▼ -1.32 (-0%)
KSE30 16,718 Increased By ▲ 20.28 (0.12%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,761
824hr
Pakistan Cases
1,286,453
43124hr
0.98% positivity
Sindh
476,494
Punjab
443,379
Balochistan
33,491
Islamabad
107,848
KPK
180,254

Australian shares reversed early losses to end marginally higher on Thursday, helped by gains in miners due to strong iron ore prices, though the benchmark's advance was capped by a weak financial sector.

The S&P/ASX 200 added 0.11% to close at 7,407.3. It had lost 0.15% on Wednesday.

Miners pulled up the index, adding 1.1%, as benchmark iron ore futures soared to a three-week high.

Major miners BHP, Rio Tinto and Fortescue Metals Group added between 1% and 1.8%.

The financial sector lost 0.9%, on a weak local currency.

"With the Reserve Bank of Australia more likely to hold a dovish stance on interest rates for quite some time, one can expect the greenback to strengthen further and the Australian dollar to remain under pressure", said Kunal Sawhney, chief executive officer of equity research firm Kalkine Group.

A Reuters poll found that the rate of soaring home prices in Australia is likely to ease off next year and in 2023, and a majority of analysts polled forecast affordability to worsen over the next 2-3 years.

The so-called "big four" banks, for whom mortgage loans are an important source of growth, gave up between 0.5% and 1.5%.

National Australia Bank lost 0.5%, even after the country's competition watchdog approved its acquisition of Citi's local consumer business.

Tech stocks also lent support to the benchmark as they climbed 2.4% in their best session in over a month. EML Payments surged 31.3% on its best day since March 2020 on getting the Irish central bank's nod to sign new customers.

New Zealand's S&P/NZX 50 rose 0.22% to 12,794.61, with the country's biggest company by market value, Fisher & Paykel, adding 4.9% after upbeat results.

New Zealand also reported a trade deficit for October, a day after its central bank hiked interest rates for the second time in as many months.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.