It is mainly because investors were not willing to buy blue-chips
," Mangun said.
Traders expect blue-chips
to rebound by the end of the week as concerns on some construction and property stocks spur safe-haven hunting.
The London market eventually closed 147.9 points down at 5518.2 - the lowest since March - wiping pounds 35 billion from blue-chip
companies endured a fourth consecutive session of losses yesterday after another turbulent day for markets.
The Dow Jones Industrial Average of 30 blue-chip
issues surged 126.81 points, or 0.95 percent, from last Friday to 13,535.43, ending above the 13,500 line for the first time since June 21.
Summary: Indian shares rose more than one per cent on Thursday, recovering from two sessions of falls, as ITC surged following reports of a price hike for one of its cigarette brands, while blue-chips
such as Tata Motors recovered from previous declines.
''Strong advances by recently battered blue-chips
such as Sony Corp.
SHANGHAI, Safar 21, 1438, November 21, 2016, SPA -- China stocks rose to a fresh 10-month high on Monday, led by blue-chips
, but gains were limited as some investors remained sceptical that the uptrend could extend further, Reuters reported.
Oula Wasata said in its weekly report that positive news about companies meeting the revelation deadline, prompted traders namely portfolios to make well-calculated moves, as blue-chips
namely those enlisted in the KSX-15 index continued to possess substantial volume of traded cash, singling out the banks topped by Baitak.
Summary: Indian shares tumbled for a second consecutive session on Tuesday hitting their lowest close in a week as recent outperforming blue-chips
such as ITC fell on doubts about whether foreign investors will continue their strong buying so far.
Moreover, the session witnessed focused deals by the portfolios on speculative 50-100 fils chips, in addition to selective trades on blue-chips
. Selling pressure had dominated performance since session's start till closing, targeting cheap chips, while the blue-chips
The report, released on Saturday, said the past week sessions witnessed "cautious purchasing targeting the blue-chips
amid varied speculations due to delay of quarterly financial results by investors in speculative stocks." The KSE closed Thursday's session with hike of the three indices, with 0.62 for the benchmark lifting the level to 5,766, 1.6 for the weighted index and 6.46 for Kuwait-15 index.
While most of the Gulf market dropped in Monday's session, following oil prices' decline, the Kuwaiti bourse rallied, buoyed by all market indices, amid corporate revelations about cash dividends' distribution and decline of pressure on blue-chips
, witnessed in the week's first session, according to a report released by Al-Oula financial brokerage company, on Saturday.
Weighted index gained 12.3 points and Kuwait 15 index, which shows trades in blue-chips
, gained 45.3 points.
Hefty stock sell-offs, witnessed in Tuesday's session, led to fall of a large number of blue-chips
, namely Gulf Bank and Zain -- the lowest since peak of the global financial crisis (2007-2008).