Doha: European stock indices closed flat Tuesday, as investors awaited the results of the second day of US-China trade talks in London. The pan-European Stoxx 600 index remained unchanged for the second consecutive day at 553.12 points.
According to Qatar News Agency, the financial sector index experienced a decline of 1.4 percent, primarily due to a nearly 5 percent drop in UBS shares. Additionally, the defense sector saw a decrease, reaching its lowest level in more than a week.
Conversely, the energy sector emerged as the best performer, bolstered by rising oil prices. Meanwhile, the healthcare sector experienced a 1.2 percent increase, with Novo Nordisk shares rising by about 6 percent. This uptick followed a Financial Times report indicating that hedge fund Parvus Asset Management was increasing its stake in the pharmaceutical company.