AIRLINK 61.62 Decreased By ▼ -0.86 (-1.38%)
BOP 5.34 Decreased By ▼ -0.02 (-0.37%)
CNERGY 4.51 Decreased By ▼ -0.07 (-1.53%)
DFML 15.40 Decreased By ▼ -0.10 (-0.65%)
DGKC 65.51 Decreased By ▼ -0.89 (-1.34%)
FCCL 17.27 Decreased By ▼ -0.32 (-1.82%)
FFBL 27.65 Decreased By ▼ -0.05 (-0.18%)
FFL 9.27 No Change ▼ 0.00 (0%)
GGL 10.06 No Change ▼ 0.00 (0%)
HBL 104.99 Decreased By ▼ -0.71 (-0.67%)
HUBC 121.05 Decreased By ▼ -1.25 (-1.02%)
HUMNL 6.47 Decreased By ▼ -0.13 (-1.97%)
KEL 4.41 Decreased By ▼ -0.09 (-2%)
KOSM 4.37 Decreased By ▼ -0.11 (-2.46%)
MLCF 35.78 Decreased By ▼ -0.42 (-1.16%)
OGDC 122.50 Decreased By ▼ -0.42 (-0.34%)
PAEL 22.77 Decreased By ▼ -0.23 (-1%)
PIAA 31.00 Increased By ▲ 1.66 (5.66%)
PIBTL 5.82 Increased By ▲ 0.02 (0.34%)
PPL 107.20 Decreased By ▼ -0.30 (-0.28%)
PRL 27.20 Decreased By ▼ -0.05 (-0.18%)
PTC 17.43 Decreased By ▼ -0.64 (-3.54%)
SEARL 52.75 Decreased By ▼ -0.25 (-0.47%)
SNGP 62.70 Decreased By ▼ -0.51 (-0.81%)
SSGC 10.68 Decreased By ▼ -0.12 (-1.11%)
TELE 9.05 Decreased By ▼ -0.15 (-1.63%)
TPLP 11.50 Increased By ▲ 0.06 (0.52%)
TRG 70.49 Decreased By ▼ -0.37 (-0.52%)
UNITY 23.59 Decreased By ▼ -0.03 (-0.13%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
BR100 6,927 Decreased By -16.4 (-0.24%)
BR30 22,683 Decreased By -144.6 (-0.63%)
KSE100 66,972 Decreased By -170.1 (-0.25%)
KSE30 22,034 Decreased By -56.4 (-0.26%)

LONDON: European equities dived in opening deals on Monday, mirroring heavy losses elsewhere as governments raced to curb the spread of the Omicron coronavirus variant.

In initial trade, London's benchmark FTSE 100 index sank 1.9 percent to 7,133.15 points compared with the closing level on Friday.

In the eurozone, the Paris CAC 40 index lost 2.1 percent to 6,782.16 points and Frankfurt's DAX shed 2.4 percent to 15,154.44.

Economies are taking a hit as the fast-spreading Omicron Covid-19 strain forces governments to reimpose containment measures and consumers stay at home.

"Governments around the world are raising restrictions in order to curb the spread of the Omicron variant," said AvaTrade analyst Naeem Aslam.

"Until the macroeconomic landscape stabilizes, investors are acting cautiously and withdrawing... from risky investments that are more positively linked to economic growth."

Asian stocks and oil prices also sank Monday on fears about a fresh global surge in coronavirus infections and as the future of US President Joe Biden's massive social spending bill was thrown into doubt after it lost the crucial vote of a moderate Democrat.

Comments

Comments are closed.