ANL 33.10 Decreased By ▼ -0.70 (-2.07%)
ASC 14.35 Decreased By ▼ -0.78 (-5.16%)
ASL 24.48 Decreased By ▼ -1.02 (-4%)
AVN 92.50 Decreased By ▼ -3.00 (-3.14%)
BOP 9.06 Decreased By ▼ -0.11 (-1.2%)
BYCO 9.70 Decreased By ▼ -0.53 (-5.18%)
DGKC 132.19 Decreased By ▼ -5.31 (-3.86%)
EPCL 50.10 Decreased By ▼ -1.52 (-2.94%)
FCCL 24.30 Decreased By ▼ -0.70 (-2.8%)
FFBL 24.40 Decreased By ▼ -1.05 (-4.13%)
FFL 15.02 Decreased By ▼ -0.68 (-4.33%)
HASCOL 10.56 Decreased By ▼ -0.34 (-3.12%)
HUBC 85.10 Decreased By ▼ -1.65 (-1.9%)
HUMNL 6.75 Decreased By ▼ -0.35 (-4.93%)
JSCL 25.25 Decreased By ▼ -1.79 (-6.62%)
KAPCO 38.75 Decreased By ▼ -1.25 (-3.13%)
KEL 3.98 Decreased By ▼ -0.17 (-4.1%)
LOTCHEM 14.43 Decreased By ▼ -0.37 (-2.5%)
MLCF 45.88 Decreased By ▼ -1.71 (-3.59%)
PAEL 36.70 Decreased By ▼ -1.60 (-4.18%)
PIBTL 11.43 Decreased By ▼ -0.48 (-4.03%)
POWER 10.15 Decreased By ▼ -0.55 (-5.14%)
PPL 89.70 Decreased By ▼ -1.27 (-1.4%)
PRL 26.25 Decreased By ▼ -1.20 (-4.37%)
PTC 8.60 Decreased By ▼ -0.21 (-2.38%)
SILK 1.35 Decreased By ▼ -0.05 (-3.57%)
SNGP 41.40 Decreased By ▼ -2.35 (-5.37%)
TRG 143.10 Decreased By ▼ -4.60 (-3.11%)
UNITY 29.79 Decreased By ▼ -1.41 (-4.52%)
WTL 1.42 Decreased By ▼ -0.10 (-6.58%)
BR100 4,888 Decreased By ▼ -127.55 (-2.54%)
BR30 25,276 Decreased By ▼ -854.04 (-3.27%)
KSE100 45,279 Decreased By ▼ -879.27 (-1.9%)
KSE30 18,898 Decreased By ▼ -409.3 (-2.12%)
Markets

European stocks rebound at open

London's benchmark FTSE 100 index of major blue-chip companies won 2.5 percent to 5,552.32 points compared with Fri
06 Apr 2020
  • London's benchmark FTSE 100 index of major blue-chip companies won 2.5 percent to 5,552.32 points compared with Friday's closing level.
  • In the eurozone, Frankfurt's DAX jumped 3.9 percent to 9,896.66 points and the Paris CAC 40 leapt 3.4 percent to 4,295.46.

LONDON: Europe's stock markets rebounded in opening deals on Monday as some of the world's worst-hit countries reported falling death rates from the novel coronavirus.

In initial deals, London's benchmark FTSE 100 index of major blue-chip companies won 2.5 percent to 5,552.32 points compared with Friday's closing level.

In the eurozone, Frankfurt's DAX jumped 3.9 percent to 9,896.66 points and the Paris CAC 40 leapt 3.4 percent to 4,295.46.

Milan's FTSE Mib added 3.3 percent to 16,925.05 and Madrid's IBEX 3 rallied 3.0 percent to 6,777.50 points.

"European markets are trading higher because investors are shrugging off the pessimism," said AvaTrade analyst Naeem Aslam.

"They are focused on more optimistic things: the slowing death rate caused by coronavirus.

"Italy, Spain, France, and Germany have all seen declining numbers.

"Some optimism does exist in New York's death numbers too, but it may be premature to comment on anything further because the infection rate is still on the rise in New York."