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Egypt, Saudi slide; funds start buying in UAE, Qatar DUBAI: Stock markets in Saudi Arabia and Egypt fell in early trade on Tuesday while funds tracking MSCI's emerging markets index started buying several stocks in the United Arab Emirates and Qatar ahead of scheduled adjustments to the benchmark. Saudi Arabia's index fell 1.2 percent, with most stocks in the red. Saudi Basic Industries lost 1.2 percent, while food maker Savola Group and Al Rajhi Bank were down 2.9 and 1.1 percent respectively. Egypt's bourse slid 1.1 percent as Commercial International Bank fell 1.4 percent and most other stocks also declined. Meanwhile, bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI's emerging markets index are set to increase topped trading volumes. Emaar Properties was up 1.3 percent and Dubai Islamic Bank edged up 0.3 percent. Qatar National Bank climbed 2.2 percent and Industries Qatar gained 1.6 percent. The weightings of those stocks, and ...

Sri Lankan stocks recover from near 4-week low; rupee down COLOMBO: Sri Lankan stocks recovered on Tuesday from a near-four-week closing low after falling in the two previous sessions, a day after President Mahinda Rajapaksa won the final 2015 budget vote, contrary to speculation that he might lose it. Rajapaksa, who is facing a split in his ruling coalition ahead of a snap presidential poll on Jan. 8, won the final vote on the 2015 budget with a strong majority. At 0856 GMT, the main ...

Weaker commodity stocks pin back Britain's FTSE LONDON: Commodity related stocks continued to weigh on Britain's top share index on Tuesday, pegging it back near two month highs as oil and metal prices came under renewed pressure. Earnings also dragged, with Kingfisher down 2.5 percent after Europe's No. 1 home improvement retailer posted a decline in third quarter profit, hurt by a weak French market and foreign currency movements. Basic materials and energy stocks combined to trim 14 points off the FTSE ...

India's NSE index retreats from record high; ITC slumps MUMBAI: India's NSE index fell on Tuesday, retreating from a record high hit earlier in the session as financial firms slumped on worries parliament would delay an insurance bill, while new rules for offshore derivatives raised worries over foreign flows. ITC Ltd provisionally slumped 5 percent, contributing the most to the index's fall after India's health ministry accepted the recommendation of an internal panel to ban the sale of single cigarettes. The benchmark BSE index ...

European stocks steady at open LONDON: Europe's main stock markets opened steady on Tuesday, with London's benchmark FTSE 100 losing just 0.08 percent to 6,724.26 points.Elsewhere, Frankfurt's DAX 30 rose 0.05 percent to 9,790.03 points and the CAC 40 in Paris gained a marginal 0.02 percent to stand at 4,369.31 compared with Monday's close.Encouraging German data had helped to lift eurozone stock markets on Monday, but London sank as a profit warning by Petrofac sent the British energy services group's ...

Hong Kong shares end 0.21pc down HONG KONG: Hong Kong stocks slipped 0.21 percent Tuesday as profit-takers moved in after the previous day's rally that came in response to China's shock decision to cut interest rates.The Hang Seng Index lost 49.23 points to 23,843.91 on turnover of HK$89.04 billion ($11.49 billion).But in mainland China the benchmark Shanghai Composite Index rose 1.37 percent, or 34.72 points, to 2,567.60 -- its highest since August 2011 -- on turnover of 282.2 billion yuan ($46.0 ...

Asian stocks mixed after China-fuelled rally HONG KONG: Asian markets were mixed Tuesday after a Chinese rate cut had fuelled a rally in the previous session, while Tokyo played catch-up following a long holiday weekend.The yen made inroads against the dollar and euro after the Bank of Japan chief indicated he was concerned about the impact of a weak currency on the economy, while minutes showed policymakers split on last month's stimulus boost.Tokyo rose 0.29 percent, adding 50.11 points to finish ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln