AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,676 Increased By 42.9 (0.56%)
BR30 25,471 Increased By 298.6 (1.19%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)
Markets

European stocks firmer at open after heavy losses

In the eurozone, Frankfurt's DAX 30 index also rose 0.3 percent to 13,243.48 points and the Paris CAC 40 added 0.4
Published January 28, 2020
  • In the eurozone, Frankfurt's DAX 30 index also rose 0.3 percent to 13,243.48 points and the Paris CAC 40 added 0.4 percent to 5,885.81.
  • London's benchmark FTSE 100 index of major blue-chip companies climbed 0.3 percent to 7,435.76 points.

LONDON: Europe's main equity markets were firmer in opening deals on Tuesday, having plunged the previous day on investor panic over the deadly coronavirus.

London's benchmark FTSE 100 index of major blue-chip companies climbed 0.3 percent to 7,435.76 points.

In the eurozone, Frankfurt's DAX 30 index also rose 0.3 percent to 13,243.48 points and the Paris CAC 40 added 0.4 percent to 5,885.81.

However, Asian stock markets tumbled again on Tuesday as the toll from a rapidly spreading Chinese virus spiked to more than 100 dead and thousands infected, with investors fretting over the impact on an already fragile world economy.

"European markets have set aside some of the concerns in relation to coronavirus. Basically, speculators are back in town and ready to support the markets," said Ava Trade analyst Naeem Aslam.

"For them, the current sell-off is an opportunity. Having said this, the theme is not the same across global markets as they are still under the influence of this virus."

In a fierce global selloff on Monday, London tanked 2.3 percent while Frankfurt and Paris each slumped by 2.7 percent.

Comments

Comments are closed.