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Gulf markets surge on stronger oil, big Saudi payout DUBAI: Saudi Arabia's stock market rose sharply on Sunday after King Salman ordered a lavish payout to state employees and oil prices jumped on reports of declining U.S. drilling activity. Most other Gulf markets also climbed in sympathy.The Saudi index jumped 3.0 percent in heavy trade to 9,144 points, breaking above chart resistance on the late December peak at 8,948 points; the next resistance is on the 100-day average, now at 9,436 points.The longer-term technical outlook also appears to have improved. A bullish symmetrical triangle triggered in the last few days, formed by the highs and lows since December, indicates the possibility of a rebound in coming weeks or months back to around 10,500 points.Petrochemicals giant Saudi Basic Industries, up 7.8 percent, was the main support on Sunday.Its surge mirrored that of Brent crude, which rose 8 percent to $52.99 a barrel on Friday after fresh data showed the number ...


Big Saudi payout, stronger oil to boost Gulf DUBAI: Gulf equity markets are set to rise sharply on Sunday after Saudi Arabia's new King Salman ordered a lavish payout to state employees and oil prices surged on news of a record weekly decline in U.S. oil drilling activity.Late on Thursday, Salman ordered the immediate payment of two months of bonus salary to all state employees and pension to retired government workers, as well as payments to students.The payout could be worth up to ...

Dubai surges on stronger oil, dividends, Saudi payout DUBAI: Dubai's stock index rose sharply on Sunday after oil prices surged and Saudi Arabia's new King Salman ordered a lavish payout to state employees.The Dubai benchmark jumped 4.5 percent to close at 3,840 points, its biggest daily gain in six weeks. Trading volume also rose in a positive technical sign.Conglomerate Dubai Investments led gains and surged 13.8 percent after it said on Sunday that its board had proposed a higher dividend for 2014: 12 ...

US stocks end volatile week sharply lower NEW YORK: Wall Street stocks Friday finished a volatile week sharply lower following a disappointing US economic growth report and worrisome data on eurozone inflation.At the closing bell, the Dow Jones Industrial Average stood at 17,173.10, down 243.75 points (1.40 percent).The broad-based S&P 500 sank 25.94 (1.28 percent) to 1,995.31, while the tech-rich Nasdaq Composite Index fell 48.17 (1.03 percent) to 4,635.31.US economic growth came in at 2.6 percent in the fourth quarter, well below ...

US stocks mostly lower on weak US, eurozone data NEW YORK: Wall Street stocks opened mostly lower Friday following disappointing US economic growth and eurozone inflation data.Five minutes into trade, the Dow Jones Industrial Average stood at 17,388.46, down 28.39 points (0.16 percent).The broad-based S&P 500 fell 7.67 (0.38 percent) to 2,013.58, while the tech-rich Nasdaq Composite Index added 8.79 (0.19 percent) at 4,692.19.US economic growth came in at an annual rate of 2.6 percent in the fourth quarter, according to an estimate from ...

European stocks mixed as deflation fears bite LONDON: European stock markets traded mixed Friday, as deflation worries deepened for the eurozone, which was locked in crucial talks with Greece over a possible restructuring of debt.London's benchmark FTSE 100 index dropped 0.17 percent to 6,798.79 points in afternoon trade.Frankfurt's DAX 30 rose 0.04 percent to 10,741.63 points, with early gains won thanks to an improved showing on Wall Street giving way to deflation fears.The CAC 40 in Paris slipped 0.22 percent to 4,621.29 ...

Vietnam index loses 1.2pc on widespread selling HANOI: Vietnam's benchmark VN Index dropped 1.24 percent to a one-week low close on Friday, as investors cut their risk exposures ahead of a central bank ruling that will limit banks' loan for stock investments.Banks led falls in more than half of the equities on the last trading day before the central bank's circular capping loans for investment in shares at 5 percent of a bank's registered capital comes into effect on Feb. 1, analysts ...


 



 
IndexClosingChg%
ArrowDJIA 17,164.95 1.45
ArrowNasdaq 4,635.24 1.03
ArrowS&P 1,994.99 1.30
ArrowFTSE 6,749.40 0.90
ArrowDAX 10,694.32 0.41
ArrowCAC-40 4,604.25 0.59
ArrowNikkei 17,674.39 0.39
ArrowH.Seng 24,507.05 0.36
ArrowSensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln