29/04/2012 04:06 AST

European shares inched higher in morning trade on Friday, helped by encouraging company earnings and a march higher for construction and material stocks led by a rise in 2012 sales targets for French firm Vinci .

Sandvik jumped 10 percent, with volumes hitting 143 percent of its 90-day daily average, after the Swedish machinery and tool maker posted record orders and a surprise rise in quarterly earnings, on the back of strong demand in its industrial tools and mining business.

The FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,045.09 points at 0850 GMT after falling to a low of 1,034.54 earlier in the session following a two-notch cut in Spain's credit rating overnight.

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Reuters

Ticker Price Volume
QNBK 123.10 227,432
SABIC 98.10 636,118
PETRORABIGH 13.28 553,297
TAWUNIYA 96.90 61,416
BURUJ 31.40 85,833
SFICO 29.65 11,333
SAPTCO 14.24 35,738
Index Closing Change
NIKKEI 225 21,336.12 80.56 (0.37%)
DAX 12,995.06 -8.64 (-0.06%)
S&P 500 2,559.36 1.72 (0.06%)
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