ANL 23.10 Decreased By ▼ -0.70 (-2.94%)
ASC 16.10 Decreased By ▼ -0.30 (-1.83%)
ASL 22.25 Decreased By ▼ -0.40 (-1.77%)
BOP 8.55 Increased By ▲ 0.17 (2.03%)
BYCO 8.96 Increased By ▲ 0.15 (1.7%)
FCCL 18.07 Decreased By ▼ -0.40 (-2.17%)
FFBL 24.45 Decreased By ▼ -0.15 (-0.61%)
FFL 17.90 Decreased By ▼ -0.15 (-0.83%)
FNEL 8.40 Decreased By ▼ -0.14 (-1.64%)
GGGL 22.09 Decreased By ▼ -0.21 (-0.94%)
GGL 43.18 Decreased By ▼ -0.77 (-1.75%)
HUMNL 7.02 Decreased By ▼ -0.15 (-2.09%)
JSCL 20.85 Decreased By ▼ -0.73 (-3.38%)
KAPCO 37.90 Decreased By ▼ -0.20 (-0.52%)
KEL 3.61 Increased By ▲ 0.01 (0.28%)
MDTL 3.00 Decreased By ▼ -0.07 (-2.28%)
MLCF 36.30 Decreased By ▼ -0.18 (-0.49%)
NETSOL 153.30 Decreased By ▼ -4.45 (-2.82%)
PACE 5.98 Decreased By ▼ -0.03 (-0.5%)
PAEL 31.20 Decreased By ▼ -0.45 (-1.42%)
PIBTL 9.36 Decreased By ▼ -0.11 (-1.16%)
POWER 7.90 Decreased By ▼ -0.14 (-1.74%)
PRL 20.85 Decreased By ▼ -0.13 (-0.62%)
PTC 10.40 Increased By ▲ 0.02 (0.19%)
SILK 1.67 Decreased By ▼ -0.02 (-1.18%)
SNGP 43.19 Decreased By ▼ -0.56 (-1.28%)
TELE 22.06 Decreased By ▼ -0.64 (-2.82%)
TRG 173.50 Decreased By ▼ -2.41 (-1.37%)
UNITY 36.20 Decreased By ▼ -0.77 (-2.08%)
WTL 3.25 Decreased By ▼ -0.08 (-2.4%)
BR100 4,979 Decreased By ▼ -47.44 (-0.94%)
BR30 24,460 Decreased By ▼ -312.8 (-1.26%)
KSE100 46,636 Decreased By ▼ -284.38 (-0.61%)
KSE30 18,480 Decreased By ▼ -177.85 (-0.95%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,206
7124hr
Pakistan Cases
1,223,841
2,58024hr
4.69% positivity
Sindh
450,126
Punjab
421,800
Balochistan
32,757
Islamabad
104,114
KPK
171,072

China stocks erased early losses and ended Monday higher, after the country's securities regulator reaffirmed its support for the market, denying a media report that the government was studying how to end its bailout. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent, to 4,160.61, while the Shanghai Composite Index gained 0.9 percent, to 3,992.11 points. Analysts say investors are increasingly cautious as the Shanghai Composite index approaches 4,000 - viewed by many as a key psychological level.
Small caps extended their rebound, with Shenzhen's start-up board ChiNext up 2.3 percent, but banking stocks remained weak. China's market has stabilised, after Beijing pumped hundreds of billion yuan of liquidity into the market through brokerages, mutual funds, and the state margin lender, to stem a recent rout. Influential Chinese magazine Caijing reported on Monday that the China Securities Regulatory Commission (CSRC) was studying channels for withdrawing government funds, which knocked indexes down in the morning.
At the midday break, CSRC reaffirmed regulatory support for the equity market, calling the Caijing report "untrue". "The related media was irresponsible for making such a major market-moving report without checks with the supervisory department," it said. Vice finance minister Zhu Guangyao said over the weekend that lessons needed to be learned from the recent market plunge, signalling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.
On Saturday, China's central bank issued guidelines to regulate the development of internet finance. Internet-based peer-to-peer "fund matching" firms had played an active role in grey-market margin finance - widely viewed as source of market volatility.

Copyright Reuters, 2015

Comments

Comments are closed.