AVN 68.60 No Change ▼ 0.00 (0%)
BOP 8.88 No Change ▼ 0.00 (0%)
CHCC 132.40 No Change ▼ 0.00 (0%)
DCL 9.40 No Change ▼ 0.00 (0%)
DGKC 105.13 No Change ▼ 0.00 (0%)
EFERT 61.28 Increased By ▲ 0.08 (0.13%)
EPCL 44.75 No Change ▼ 0.00 (0%)
FCCL 21.48 Decreased By ▼ -0.01 (-0.05%)
FFL 14.92 Increased By ▲ 0.04 (0.27%)
HASCOL 14.55 No Change ▼ 0.00 (0%)
HBL 130.10 No Change ▼ 0.00 (0%)
HUBC 79.60 No Change ▼ 0.00 (0%)
HUMNL 7.04 No Change ▼ 0.00 (0%)
JSCL 24.05 Decreased By ▼ -0.04 (-0.17%)
KAPCO 28.80 No Change ▼ 0.00 (0%)
KEL 3.81 No Change ▼ 0.00 (0%)
LOTCHEM 12.85 No Change ▼ 0.00 (0%)
MLCF 39.40 No Change ▼ 0.00 (0%)
OGDC 99.65 Increased By ▲ 0.15 (0.15%)
PAEL 33.06 No Change ▼ 0.00 (0%)
PIBTL 12.42 Increased By ▲ 0.01 (0.08%)
PIOC 91.40 Decreased By ▼ -0.10 (-0.11%)
POWER 9.67 No Change ▼ 0.00 (0%)
PPL 91.32 No Change ▼ 0.00 (0%)
PSO 194.00 No Change ▼ 0.00 (0%)
SNGP 42.47 Increased By ▲ 0.05 (0.12%)
STPL 14.10 Increased By ▲ 0.68 (5.07%)
TRG 60.99 Increased By ▲ 0.74 (1.23%)
UNITY 25.35 Increased By ▲ 0.04 (0.16%)
WTL 1.10 No Change ▼ 0.00 (0%)
BR100 4,231 Decreased By ▼ -21.54 (-0.51%)
BR30 21,389 Decreased By ▼ -14.14 (-0.07%)
KSE100 40,807 Decreased By ▼ -223.94 (-0.55%)
KSE30 17,160 Decreased By ▼ -134.97 (-0.78%)

FRANKFURT AM MAIN: German investor confidence hit its lowest ebb in almost eight years in August, a survey by the ZEW institute showed Tuesday, sapped by trade and currency wars and the threat of a no-deal Brexit.

The Mannheim-based researchers' monthly barometer measuring investors' economic expectations for Europe's powerhouse economy plunged 19.6 points, to -44.1.

That was far below its long-term average of 21.6 points and its lowest since December 2011.

And it came in massively short of forecasts from analysts surveyed by Factset, who expected a reading of -28.0 points.

August's survey showed "a significantly worsened outlook for the German economic cycle," ZEW chief Achim Wambach commented in a statement.

"Renewed escalation in the trade dispute between the US and China, the linked risk of a global race to depreciate currencies and the higher risk of a no-deal Brexit have mingled with economic growth that was already weaker."

Other elements of the survey showed that investors' expectations for economic performance across the 19-nation eurozone also tumbled dramatically, shedding 23.3 points to reach -43.6.

The financial experts' judgements of the present situation also worsened, dropping 12.4 points for Germany, to -13.5, and 3.9 points for the eurozone, to -14.5.

ZEW compiled its results based on a survey of 193 analysts and institutional investors.

Copyright AFP (Agence France-Press), 2019