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

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 89.75 334,723
RIBL 12.55 25,900
STC 66.75 13,720
ALMARAI 80 790
GFH 0.16
EEC 29.8 50,137
Recent News

Removal of subsidies may impact property market
The removal of fuel and utility subsidies in Bahrain is likely to have a long-term impact on industrial and residential property markets, according to real estate consultancy Cluttons.


Alba appoints new manager
Alba has announced the appointment of Mohammed Khalid as the new manager for customer services and marketing operations.

In his new role, Mr Khalid will oversee customer service operations

KMC to sponsor major Gulf construction expo
The Northern Gulf’s leading annual expo for the GCC’s construction sector, gulfBID 2016, has secured strategic sponsorship from Kuwaiti Manager Contracting (KMC), it was announced yesterday.

Saudi Arabia’s building and construction exports grow by six per cent
The domestic export of construction and building materials and products grew at a constant rate of six per cent per year, reveals a senior official.

Feras Abalkhail, marketing and corporate

UAE Exchange celebrates its 35th anniversary
In a first-of-its-kind initiative, UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, celebrated its 35th anniversary by felicitating 35 of its oldest valued c

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


Looking ahead, what change you are more likely to make in investing in your domestic stock market?