AGL 39.50 Increased By ▲ 1.78 (4.72%)
AIRLINK 177.35 Increased By ▲ 8.70 (5.16%)
BOP 10.09 Increased By ▲ 1.00 (11%)
CNERGY 6.85 No Change ▼ 0.00 (0%)
DCL 9.91 Decreased By ▼ -0.14 (-1.39%)
DFML 43.25 Increased By ▲ 2.61 (6.42%)
DGKC 98.65 Increased By ▲ 5.41 (5.8%)
FCCL 39.15 Increased By ▲ 1.23 (3.24%)
FFBL 82.49 Increased By ▲ 3.77 (4.79%)
FFL 14.39 Increased By ▲ 0.93 (6.91%)
HUBC 121.52 Increased By ▲ 7.42 (6.5%)
HUMNL 15.30 Increased By ▲ 0.35 (2.34%)
KEL 5.70 Decreased By ▼ -0.05 (-0.87%)
KOSM 8.15 Decreased By ▼ -0.08 (-0.97%)
MLCF 48.21 Increased By ▲ 2.72 (5.98%)
NBP 75.50 Increased By ▲ 0.58 (0.77%)
OGDC 197.75 Increased By ▲ 4.82 (2.5%)
PAEL 32.15 Decreased By ▼ -0.09 (-0.28%)
PIBTL 8.15 Decreased By ▼ -0.42 (-4.9%)
PPL 177.05 Increased By ▲ 9.67 (5.78%)
PRL 34.11 Increased By ▲ 3.10 (10%)
PTC 22.60 Increased By ▲ 0.52 (2.36%)
SEARL 103.00 Increased By ▲ 2.17 (2.15%)
TELE 8.45 No Change ▼ 0.00 (0%)
TOMCL 35.13 Increased By ▲ 0.29 (0.83%)
TPLP 11.20 Decreased By ▼ -0.04 (-0.36%)
TREET 19.29 Increased By ▲ 0.66 (3.54%)
TRG 58.50 Decreased By ▼ -2.24 (-3.69%)
UNITY 34.80 Increased By ▲ 2.82 (8.82%)
WTL 1.59 Decreased By ▼ -0.02 (-1.24%)
BR100 11,651 Increased By 362.1 (3.21%)
BR30 35,478 Increased By 1338.1 (3.92%)
KSE100 108,239 Increased By 3134.6 (2.98%)
KSE30 33,694 Increased By 1139.4 (3.5%)
Markets

European equities rebound at open

London's benchmark FTSE 100 index of major blue-chip companies was up 1.0 percent to 5,653.72 points. In the e
Published April 16, 2020
  • London's benchmark FTSE 100 index of major blue-chip companies was up 1.0 percent to 5,653.72 points.
  • In the eurozone, Frankfurt's DAX added 1.3 percent to 10,411.56 points and the Paris CAC 40 advanced 1.4 percent to 4,412.62.
  • Milan's FTSE Mib jumped 2.1 percent to 17,067.98 and Madrid's IBEX 35 gained 1.3 percent to 6,927.10 points

LONDON: Europe's stock markets rallied in opening deals on Thursday, despite losses elsewhere, as investors focused on plans to ease coronavirus lockdown restrictions in several nations.

In initial deals, London's benchmark FTSE 100 index of major blue-chip companies was up 1.0 percent to 5,653.72 points.

In the eurozone, Frankfurt's DAX added 1.3 percent to 10,411.56 points and the Paris CAC 40 advanced 1.4 percent to 4,412.62.

Milan's FTSE Mib jumped 2.1 percent to 17,067.98 and Madrid's IBEX 35 gained 1.3 percent to 6,927.10 points

"Investors are shrugging off the pessimism and (are) willing to focus on more positive things," said AvaTrade analyst Naeem Aslam.

"Germany has drawn (up) a plan to ease off the lockdown restrictions and traders are optimistic about this development.

"Having said this, European markets are not trading higher with bigger margins, we are only seeing some small gains, and it is likely that as trading resumes, these small gains may disappear because of the selling pressure on the energy sector."

With oil prices at near-decade lows, the energy majors have suffered badly.

Comments

Comments are closed.