AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.52 Increased By ▲ 0.20 (2.4%)
CPHL 97.46 Increased By ▲ 4.57 (4.92%)
FCCL 47.25 Increased By ▲ 0.52 (1.11%)
FFL 15.42 Increased By ▲ 0.54 (3.63%)
FLYNG 28.13 Increased By ▲ 1.15 (4.26%)
HUBC 138.91 Increased By ▲ 4.90 (3.66%)
HUMNL 12.81 Increased By ▲ 0.29 (2.32%)
KEL 4.54 Increased By ▲ 0.33 (7.84%)
KOSM 5.55 Increased By ▲ 0.16 (2.97%)
MLCF 62.26 Increased By ▲ 1.38 (2.27%)
OGDC 214.75 Increased By ▲ 6.23 (2.99%)
PACE 5.55 Increased By ▲ 0.15 (2.78%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.70 Decreased By ▼ -0.10 (-0.53%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.26 Increased By ▲ 0.30 (2.51%)
PPL 173.87 Increased By ▲ 5.10 (3.02%)
PRL 36.22 Increased By ▲ 1.19 (3.4%)
PTC 23.56 Increased By ▲ 0.57 (2.48%)
SEARL 95.31 Increased By ▲ 2.21 (2.37%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.23 Increased By ▲ 0.28 (4.03%)
TPLP 10.29 Increased By ▲ 0.29 (2.9%)
TRG 64.68 Increased By ▲ 4.01 (6.61%)
WAVESAPP 10.04 Increased By ▲ 0.34 (3.51%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.70 Increased By ▲ 0.05 (1.37%)
BR100 12,492 Increased By 252.4 (2.06%)
BR30 37,694 Increased By 1300.9 (3.57%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)

SHANGHAI: China stocks fell on Friday and registered a second week of losses as investors eyed more policy tonic from Beijing to shore up the economy.

At the close, the Shanghai Composite index weakened 0.06% to 3,368.07, while the blue-chip CSI 300 index lost 0.45%. Both gauges saw a second week of decline.

The Hang Seng index dropped 0.2% at close, bringing the loss this week to 1.3%.

Energy shares led the fall, after state refining giant Sinopec said China’s oil consumption is set to peak by 2027.

The consumer staples sector lost 0.99% and the healthcare sub-index lost 0.28%.

China’s policy-triggered bull run that started in late September has lost steam as economic fundamentals have yet to turn the corner amid looming US tariff risks.

China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. Persistent deflationary pressure and tepid credit demand call for more stimulus to aid the broad economy, but narrowing interest margins on the back of fast falling yields and a weakening yuan limit the scope for immediate monetary easing.

The 2025 budget deficit and mix are more positive than expected and suggest Beijing is willing to set a high growth target and record fiscal budget to boost market confidence, but further policy details are unlikely before March, Morgan Stanley said in a note.

Still, the benchmark CSI 300 index has climbed 16% so far this year and is set to end a three-year losing streak.

Comments

Comments are closed.