AGL 5.76 Decreased By ▼ -0.07 (-1.2%)
ANL 9.03 No Change ▼ 0.00 (0%)
AVN 79.16 Increased By ▲ 0.36 (0.46%)
BOP 5.21 Increased By ▲ 0.05 (0.97%)
CNERGY 4.73 Increased By ▲ 0.05 (1.07%)
EFERT 81.25 Increased By ▲ 0.70 (0.87%)
EPCL 50.99 Decreased By ▼ -0.72 (-1.39%)
FCCL 13.53 Decreased By ▼ -0.08 (-0.59%)
FFL 5.82 Decreased By ▼ -0.03 (-0.51%)
FLYNG 7.29 Increased By ▲ 0.17 (2.39%)
FNEL 4.81 Decreased By ▼ -0.04 (-0.82%)
GGGL 8.88 Decreased By ▼ -0.02 (-0.22%)
GGL 15.83 Decreased By ▼ -0.22 (-1.37%)
HUMNL 5.90 Increased By ▲ 0.10 (1.72%)
KEL 2.60 No Change ▼ 0.00 (0%)
LOTCHEM 30.03 Increased By ▲ 0.02 (0.07%)
MLCF 25.34 Decreased By ▼ -0.06 (-0.24%)
OGDC 72.65 Increased By ▲ 0.50 (0.69%)
PAEL 15.40 Decreased By ▼ -0.09 (-0.58%)
PIBTL 5.11 Increased By ▲ 0.10 (2%)
PRL 16.50 Increased By ▲ 0.10 (0.61%)
SILK 1.08 Decreased By ▼ -0.02 (-1.82%)
TELE 9.60 Decreased By ▼ -0.05 (-0.52%)
TPL 7.41 Increased By ▲ 0.11 (1.51%)
TPLP 19.35 Increased By ▲ 0.12 (0.62%)
TREET 21.92 Decreased By ▼ -0.03 (-0.14%)
TRG 144.85 Decreased By ▼ -0.12 (-0.08%)
UNITY 17.53 Increased By ▲ 0.91 (5.48%)
WAVES 10.00 No Change ▼ 0.00 (0%)
WTL 1.38 Increased By ▲ 0.01 (0.73%)
BR100 4,268 Increased By 38.3 (0.9%)
BR30 15,882 Increased By 59.8 (0.38%)
KSE100 42,414 Increased By 342.5 (0.81%)
KSE30 15,689 Increased By 184.1 (1.19%)
Follow us

SHANGHAI: China’s shares ended lower on Tuesday, as losses in materials, financials and consumer discretionary firms weighed on broader indexes amid concerns over the impact of the Omicron COVID-19 variant and debt risks facing property developers.

At the close, the Shanghai Composite index was down 0.53% at 3,661.53.

The blue-chip CSI300 index was down 0.67%, with its financial sector sub-index losing 1.17%, the resources sector falling 2.3%, the real-estate index down 2.47% and consumer discretionary firms ending 2% lower.

The real-estate index fell as concerns around debt risks saw bonds issued by Shanghai Shimao Co Ltd suspended from trade on the Shanghai Stock Exchange.

China securities regulator said on Monday it would properly resolve bond default risks and crack down on “fake financial exchanges” after holding a meeting to discuss instructions from last week’s Central Economic Work Conference.

Also hitting sentiment, several companies in one of China’s biggest manufacturing hubs suspended operations amid attempts to contain a COVID-19 outbreak.

Comments

Comments are closed.

China shares end lower

Pakistan receives $500mn from AIIB: finance ministry

PD prepares $496m gas pipeline augmentation plan

Intra-day update: rupee registers marginal losses against US dollar

Hina Rabbani Khar meets interim Afghan government leadership on one-day Kabul trip

Oil jumps on hopes for easing in China’s COVID controls

Islamabad court extends Azam Swati’s remand for 4 days

S&P Global lowers 2023 growth forecast for emerging markets

IMF, govt begin virtual engagement

Dar willing to allow sugar export?

Tax-exempted areas: FBR sets up checkposts to monitor supplies