Markets

Swiss stocks recover after early fall

ZURICH : Swiss stocks slid 1.05 percent in opening trade Monday before swiftly returning to positive territory, with ban

Published August 8, 2011 Updated August 8, 2011 08:07am

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By Syed Murtaza Gheblehzadeh

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At 9:09 am (0709 GMT), the Swiss Market Index was up 0.19 percent at 5,182.04 points, helped by a 3.53 percent rise in Credit Suisse shares to 24.65 francs and the 2.81 percent gain in UBS shares to 11.33 francs.

Meanwhile, the Swiss franc scaled new highs against the dollar to change hands at 0.755 to the dollar.

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