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Wednesday 09th of February 2011
July 16, 2009    

Petrofac gains 5 percent to lead FTSE 100

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by Elaine Frei
Petrofac gains 5 percent to lead FTSE 100

Most equities markets in Europe were higher Thursday after positive quarterly results from US banks JPMorgan Chase (NYSE: JPM), which said it’s second quarter profits were up by 36 percent, and Goldman Sachs (NYSE: GS).

The FTSE 100 added 0.35 percent to 4,361.84 in London, but the FTSE 250 was 0.24 percent lower to 7,554.11.

Construction and chemical engineering group Petrofac Ltd (LSE: PFC) turned in the best performance of the day on the 100 as it added 5.26 percent.

The FTSE Eurofirst 300 was up 0.5 percent to 867.67 while the Dax added 0.58 percent to 4,957.19, the CAC-40 was 0.9 percent higher to 3,199.68 and the IBEX gained 0.93 percent to 9,997.6.

Most markets in the Asia-Pacific region were higher as well.

The Nikkei 225 was up 0.81 percent to 8,344.16 in Tokyo, while the Topix index added 0.68 percent to 872.25 and the Mothers market gained 1.59 percent to 421.73.

The Straits Times Index added 0.49 percent to 2,401.02 while the Hang Seng was up 0.57 percent to 18,361.87, the Taiex was 0.62 percent higher to 6,780.3 and the Kospi gained 0.8 percent to 1,432.22.

In Australia, the Sydney Ordinaries added 1.79 percent to 3,987.8 while the S&P/ASX200 gained 1.81 percent to 3,995.6.

Decliners in the region included the Sensex, which dropped 0.02 percent to 14,250.25 while the Shanghai Composite was 0.15 percent lower to 3,183.74.

Wall Street was mixed in early afternoon trade as the Dow Jones Industrial Average added 0.14 percent to 8,627.93 and the Nasdaq Composite had gained 0.27 percent to 1,868.02 but the S&P 500 had dropped 0.03 percent to 932.39.

Crude oil and grains prices were lower on the session, while metals prices were mixed.

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