ANL 33.20 Decreased By ▼ -1.15 (-3.35%)
ASC 15.43 Increased By ▲ 1.03 (7.15%)
ASL 23.86 Decreased By ▼ -0.14 (-0.58%)
AVN 89.25 Decreased By ▼ -2.20 (-2.41%)
BOP 7.78 Increased By ▲ 0.08 (1.04%)
BYCO 9.71 Increased By ▲ 0.07 (0.73%)
DGKC 115.00 Decreased By ▼ -0.50 (-0.43%)
EPCL 50.50 Decreased By ▼ -0.51 (-1%)
FCCL 23.40 Increased By ▲ 0.10 (0.43%)
FFBL 26.40 Increased By ▲ 0.40 (1.54%)
FFL 16.18 Increased By ▲ 0.28 (1.76%)
HASCOL 9.29 Increased By ▲ 0.29 (3.22%)
HUBC 79.00 Increased By ▲ 0.05 (0.06%)
HUMNL 6.10 Decreased By ▼ -0.15 (-2.4%)
JSCL 20.40 Increased By ▲ 0.24 (1.19%)
KAPCO 40.21 Increased By ▲ 0.05 (0.12%)
KEL 3.90 Decreased By ▼ -0.09 (-2.26%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 44.50 Decreased By ▼ -0.50 (-1.11%)
PAEL 32.27 Decreased By ▼ -0.27 (-0.83%)
PIBTL 9.99 Increased By ▲ 0.15 (1.52%)
POWER 8.80 Decreased By ▼ -0.05 (-0.56%)
PPL 82.80 Increased By ▲ 1.21 (1.48%)
PRL 24.95 Increased By ▲ 1.31 (5.54%)
PTC 9.26 Increased By ▲ 0.04 (0.43%)
SILK 1.35 Decreased By ▼ -0.02 (-1.46%)
SNGP 43.68 Increased By ▲ 1.88 (4.5%)
TRG 182.80 Increased By ▲ 4.62 (2.59%)
UNITY 41.25 Increased By ▲ 2.87 (7.48%)
WTL 1.68 Decreased By ▼ -0.01 (-0.59%)
BR100 4,959 Increased By ▲ 32.4 (0.66%)
BR30 25,887 Increased By ▲ 233.44 (0.91%)
KSE100 45,982 Increased By ▲ 191.46 (0.42%)
KSE30 18,826 Increased By ▲ 108.77 (0.58%)

Coronavirus
VERY HIGH
Pakistan Deaths
19,752
13524hr
Pakistan Cases
882,928
256624hr
Sindh
299,913
Punjab
328,775
Balochistan
23,931
Islamabad
79,371
KPK
127,224

European shares fell on Friday as worries about the stability of Italy's government and ongoing Sino-US trade tensions rattled investors, but gains in healthcare stocks limited losses.

The pan-European STOXX 600 index fell 0.3pc with Milan's FTMIB index tumbling 2pc after the leader of the ruling League party, Matteo Salvini, pulled his support for the country's governing coalition on Thursday.

Italian government bond yields rose sharply on fears of a snap election and pushed the country's banking index to its lowest since October 2016.

Italy holds Europe's second-largest sovereign debt burden after Greece and the latest uncertainty adds to its fiscal woes as it struggles to rein in its public deficit and a mammoth mountain of debt.

Although the magnitude of the market moves surprised some, anyone following political developments in Italy should not have been completely caught off guard, said Christoph Rieger, rates strategist at Commerzbank.

Investors will now be closely watching Fitch's review on Italy's credit rating later in the day, which is currently BBB, two notches above non-investment grade.

Also weighing on risk appetite was a Bloomberg report, which said that Washington is delaying a decision about licenses for US firms to restart trade with Huawei Technologies, making investors nervous about a ramp-up of bickering in the ongoing trade dispute.

Germany's Hella dropped 4pc and weighed on the auto sector, after it posted weak margins in its automotive segment and said it was seeing slowing demand.

Helping to limit losses on the benchmark index was the healthcare sector, boosted by Bayer which soared as much as 11pc on a report that said the German company has proposed to pay $8 billion to settle more than 18,000 US lawsuits on its glyphosate-based weedkiller Roundup case.

Shares of Novo Nordisk rose over 1pc after the Danish company beat quarterly operating profit forecasts and raised its 2019 sales outlook.

Copyright Reuters, 2019