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Dow hits new record; Alibaba soars in debut NEW YORK: The Dow on Friday notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.The Dow Jones Industrial Average advanced 13.75 points (0.08 percent) to close at 17,279.74.The S&P 500 finished down 0.96 of a point (0.05 percent) at 2,010.40, narrowly missing a record high a day after setting one. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 percent) to 4,579.79.Shares of Alibaba bolted 38.1 percent higher to $93.89 on its first day of trade after its IPO raised $25 billion, the largest in history on any market.Anticipation of the Alibaba trade helped push the market higher Friday morning, gains that were further propelled by Scotland's referendum vote on Thursday rejecting independence from Britain.But all three indices retreated from their peaks as Alibaba began trading before 1600 GMT. "The higher the opening indication for ...


Dow hits new record; Alibaba soars in debut NEW YORK: The Dow Friday notched its third straight record close in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.At the closing bell, the Dow Jones Industrial Average stood at 17,282, up 16.32 points (0.09 percent).The S&P 500 finished down 0.78 of a point (0.04 percent), narrowly missing a record for a second straight day. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 percent) to ...

European markets mixed after early rally LONDON: Europe's main stock markets jumped out of the blocks early Friday as investors welcomed news that Scotland voted to reject independence from the United Kingdom, but ended the week mixed. London's benchmark FTSE 100 index, after impressive morning gains, closed up 0.27 percent to 6,837.92 points.In Paris, the CAC 40 slipped 0.08 percent to 4,461.22 points, while Frankfurt's DAX index ended virtually unchanged, edging up 0.01 percent to 9,799.26 points.Sterling hit a two-year euro ...

South Africa stocks end lower as commodities weigh JOHANNESBURG: South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although other sectors were propped up by global market relief over the outcome of Scotland's referendum. Shares on the back foot included iron ore producer Kumba , which shed 1.15 percent. Bullion producers were also under pressure as the precious metal was poised for its third straight weekly drop in the face of dollar ...

Alibaba jumps more than 40pc in trading debut NEW YORK: Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history. More than two hours after trading began at the New York Stock Exchange, the stock opened at $92.70 and rose from there, hitting a high of $99.70 in active trading, during which more than 100 million shares change ...

Alibaba makes Wall Street debut NEW YORK: Alibaba made its long-awaiting Wall Street debut Friday on the heels of a record stock offering that opens the door to its global expansion for the Chinese online retail giant.Company founder Jack Ma was on the floor of the New York Stock Exchange as trading opened, while a group of Alibaba customers rang the opening bell.A trading price was not available in the early minutes after the opening, which is not uncommon for ...

Tokyo's Nikkei stock index closes at highest level since 2007 TOKYO: Tokyo's Nikkei 225 index closed at its highest level in nearly seven years on Friday as the tumbling yen propelled the Japanese market, while investors breathed a sigh of relief over Scotland's vote to stay in the United Kingdom.The benchmark Nikkei rose 1.58 percent, or 253.60 points, to finish at 16,321.17, its best finish since November 2007, while the Topix index of all first-section shares jumped 1.06 percent, or 14.00 points, to 1,331.91.Tokyo's rally ...


 



 
IndexClosingChg%
ArrowDJIA 17,279.74 0.08
ArrowNasdaq 4,579.79 0.30
ArrowS&P 2,010.40 0.05
ArrowFTSE 6,837.92 0.27
ArrowDAX 9,799.26 0.01
ArrowCAC-40 4,461.22 0.08
ArrowNikkei 16,321.17 1.58
ArrowH.Seng 24,306.16 0.57
ArrowSensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln