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Sri Lankan stocks end steady; political uncertainty weighs COLOMBO: Sri Lankan stocks ended little changed on Monday amid moderate trading, but stockbrokers expect volatility until the Jan. 8 presidential poll with fresh defections from the ruling party raising political uncertainty.The main stock index ended 0.01 percent weaker at 7,251.57.After market hours on Monday, two ruling party legislators, including a cabinet minister, defected President Mahinda Rajapaksa's United People's Freedom Alliance to join the opposition camp for the upcoming presidential poll.With the latest defection, Rajapaksa has lost his two-third majority for the first time in more than four years.Thirteen legislators, including former health minister Mithripala Sirisena, who is challenging Rajapaksa's bid for a third term as the consensus candidate of a united opposition, have defected after the president announced snap elections last month. Two opposition legislators have defected to the ruling party."With the new defections there could be volatility," a stockbroker said on condition of anonymity."A majority of market players, ...

Shares and rouble rally into Christmas, oil stalls LONDON: World share markets extended their rally into a fourth day on Monday, as a recovery in beaten-down oil prices and the rouble and more calls for quantitative easing from the ECB helped lift sentiment.Sentiment was also lifted by expectations that Greece could avoid destabilising snap elections after Greece's Prime Minister Antonis Samaras made a surprise offer to bring pro-European independents into the government if they backed his choice for new president.Asian markets had set ...

Markets rise on oil, Saudi budget hopes but uptrend slows DUBAI: Most Gulf equity markets continued rising on Monday but their uptrend slowed, suggesting the benefits of stabilising oil prices and expectations for a large Saudi Arabian state budget had now largely been factored into stocks.The main Saudi index closed 0.3 percent higher, after jumping 16 percent over the previous three days. Turnover remained active but dropped by about a fifth from Sunday's level.Brent crude climbed over 1 percent to above $62 per barrel on ...

European stocks enjoy 'Santa Claus rally' as oil rises LONDON: Europe's main stock markets rose strongly on Monday in a renewed "Santa Claus rally" powered by a modest recovery in oil prices, dealers said.In late morning deals in the British capital, London's FTSE 100 index of leading shares jumped 1.02 percent to 6,611.96 points compared with Friday's close.Frankfurt's DAX 30 won 0.67 percent to 9,852.58 points and in Paris the CAC 40 leapt 1.04 percent to 4,285.94.The euro edged up to $1.2260 after sliding ...

Indian shares gain more than 1pc on insurers buying MUMBAI: Indian shares rose more than 1 percent on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market.Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials ...

Bourses bounce and Russia rallies as oil climbs LONDON: Emerging market stocks jumped on Monday following a buoyant session in Asia, while Russia's dollar-denominated index surged as investors cheered a rebound in the oil price and a debt payment by Rosneft.The MSCI emerging stocks benchmark was trading up more than 1 percent at a 10-day high following a 1.25 percent gain for the Asia excluding Japan index.In Russia, the RTS index of dollar-denominated shares surged over 4 percent, as Brent crude started the ...

China shares up but small caps dive on price manipulation probe SHANGHAI: China stocks closed up on Monday in volatile trade as electrical utilities rose and banks spiked, but gains were capped by news that the stock regulator was investigating a group of small-cap shares.The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent, to 3,394.48 points, while the Shanghai Composite Index gained 0.7 percent, to 3,127.44 points.However, small-cap shares took hits following the China Securities Regulatory Commission's announcement on Friday ...


ArrowDJIA 17,804.80 0.15
ArrowNasdaq 4,765.38 0.36
ArrowS&P 2,070.65 0.46
ArrowFTSE 6,545.27 1.23
ArrowDAX 9,786.96 0.25
ArrowCAC-40 4,241.65 0.18
ArrowNikkei 17,621.40 2.39
ArrowH.Seng 23,116.63 1.25
ArrowSensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln