HK shares slip, Shanghai suffers worst week in 2 mths


17/03/2012 07:36 AST

Hong Kong shares slipped on Friday but still ended up for the week as strength in some large caps on improving fundamentals offset days of weakness in Chinese developers after Premier Wen Jiabao doused hopes for eased property curbs.

The Shanghai Composite Index had its worst week in more than two months, slipping 1.4 percent, despite rising 1.3 percent on Friday in low turnover.

For the week, the China Enterprises Index of the top mainland listings in Hong Kong lost 0.4 percent while the Hang Seng Index rose 1.1 percent. On Friday, both indexes declined 0.2 percent.

China Overseas Land & Investment Ltd lost 4.7 percent and China Resources Land slumped 5.3 percent on Friday, bringing their weekly losses to 6.7 and 8.1 percent, respectively.

For more on this Click Here

Reuters
Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 28.97 162,074
RIBL 16.67 1,131,260
SABIC 95.09 9,102,266
AMANAINSURANCE 12.79 1,261,917
MAZAYA 116 244,000
SPIMACO 44.92 237,471
WALAA 15.26 788,955
Recent News

Brent crude seen averaging $62 a barrel in 2015
Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanct

KSA maintains near-record crude production: Survey
OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group’s top exporters on

Emaar Residences at Fairmont Makkah awaits potential investors
EMAAR Middle East, a subsidiary of Emaar Properties PJSC, is celebrating blissful living in the unmatched setting of luxury serviced apartments in Emaar Residences at the Fairmont Makkah, in close pr

SABB launches cash withdrawal service for Amex cardholders
The Saudi British Bank (SABB) launched a new service whereby American Express card holders can make cash withdrawals from SABB’s ATMs. The new service offers a great degree of convenience, and comes

KAEC opens new Customer Care Center
Providing a further boost to its long-term development plans, King Abdullah Economic City (KAEC) has recently announced the opening of its new Customer Care Center.

Located on the ground

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?