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Saudi drops 3.2pc in sell-off on weak oil, Q2 earnings DUBAI: Saudi Arabia's stock market fell sharply by mid-afternoon on Sunday after oil prices hit six-month lows and several companies posted disappointing earnings.The benchmark dropped 3.2 percent to 8,808 points, its lowest since early April, with nearly all stocks in the red. It has no significant technical support left above the April low of 8,502 points.Heavyweight petrochemicals giant Saudi Basic Industries tumbled 5.2 percent. The company's profits have been hurt by the drop in oil prices over the last 12 months, and the commodity's fresh weakness is a concern for investors.U.S. crude posted its biggest monthly drop - 21 percent - since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels. Brent lost 5 percent on the week and 18 percent on the month.Other companies in the ...


Gulf mixed, DAMAC lifts Dubai ahead of results DUBAI: Stock markets in the Gulf were narrowly mixed in early trade on Sunday as Dubai outperformed, supported by positive earnings and expectations.The emirate's index rose 0.5 percent, supported by Dubai Islamic Bank, up 1.3 percent, and property developer DAMAC, which jumped 2.6 percent.Dubai Islamic Bank beat analysts' forecasts with a 35 percent rise in second-quarter net profit last week and DAMAC said on Sunday its board would discuss second-quarter results and a dividend payout ...

Saudi Arabia falls on weak oil; Egypt up DUBAI: Saudi Arabia's stock market fell in early trade on Sunday after oil prices dropped, while Egypt's bourse was rose slightly after encouraging news on the country's investment projects.The main Saudi index fell 1.7 percent and petrochemicals giant Saudi Basic Industries, down 1.8 percent, was the main drag. The company's profits have been hurt by the drop in oil prices over the last 12 months and the commodity's fresh weakness is a concern for investors.U.S. ...

SE Asia Stocks: Indonesia posts biggest gain in nearly 16-months JAKARTA: Southeast Asian stock markets mostly ended higher on Friday, with Indonesia's main index having its best day in nearly 16 months despite disappointing earnings from blue-chip companies.Indonesian stocks closed 1.9 percent higher, their biggest gain since April 1, 2014, but posted a second monthly decline in July.The index was on a technical rebound on Friday after closing the previous session at its lowest in 16 months amid weak Asian sentiment.However, the gain is expected ...

Indian shares end higher; banks lead gains MUMBAI: Indian shares ended more than 1 percent higher on Friday, led by banks on the government's plan to inject extra capital into state-run lenders struggling with bad loans, and as worries over corporate earnings eased. The BSE index ended up 1.48 percent, while the NSE index closed 1.32 percent higher. Both indexes ended the week largely flat. For the month, the BSE index gained 1.20 percent, while the NSE index added 1.96 percent. Copyright ...

European shares edge lower, commodity stocks weigh LONDON: European shares fell slightly after hitting a one-week high on Friday, with commodity stocks leading the market lower after prices of crude oil and major industrial metals dropped on supply-demand concerns. The European oil and gas index fell 1 percent as oil prices fell after producers' cartel OPEC indicated there would be no output cuts despite a huge global oversupply, while the STOXX Europe 600 basic resources index was down 1.8 percent after copper ...

Britain's FTSE slips as mining stocks weaken LONDON: Britain's top equity index edge down on Friday as a pullback in mining stocks weighed on the market, which had risen for the last three sessions in a row. The blue-chip FTSE 100 index was down 0.1 percent at 6,661.53 points going into the middle of the trading session. Mining stocks such as Antofagasta and Glencore were among the worst performers as copper and metals prices dropped on persistent worries about demand in China. ...


 



 
IndexClosingChg%
ArrowDJIA 17,689.86 0.03
ArrowNasdaq 5,128.28 0.01
ArrowS&P 2,103.84 0.23
ArrowFTSE 6,696.28 0.41
ArrowDAX 11,308.99 0.46
ArrowCAC-40 5,082.61 0.72
ArrowNikkei 20,585.24 0.30
ArrowH.Seng 24,636.28 0.56
ArrowSensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln