07012016Fri
Last update: Fri, 01 Jul 2016 06pm

Markets - Equity

Markets - Equity - Middle East & Africa

Gulf firms in early trade; Saudi's L'azurde surges on listing DUBAI: Major stock markets in the Gulf firmed in early trade on Wednesday, supported by recoveries in oil and global equity prices after the shock of Britain's vote to leave the European Union last week.Riyadh's index added 0.7 percent in the first 45 minutes of trade, buoyed by the petrochemcial sector as oil prices rose back towards $50 a barrel. Brent futures were up 1.0 percent in Asian trade.Shares in retailer L'azurde Company for Jewellery surged their 10 percent daily limit to 40.70 riyals as they listed in Riyadh. The company sold 12.9 million shares in its initial public offer at 37.0 riyals per share.Main competitor Fitaihi Holding rose 0.6 percent. L'azurde is the first retail company to list in Saudi Arabia this year, and its stock price performance in coming months may depend on the outlook for discretionary spending in the midst of an economic slowdown due to low ...


Markets - Equity - Europe

Stocks gain as Brexit nerves settle LONDON: European and Asian stock markets built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus.UK and European banks, a centre of concern since Britain shocked global financial markets on Friday by voting to leave the European Union, were broadly higher, extending a recovery from two days of trading which knocked almost 40 percent off Barclays ...

Markets - Equity - Asia

Asia markets build on gains as stimulus talk swirls HONG KONG: Asian markets rose again Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain's shock vote to leave the European Union.After Friday's battering, regional investors have this week led a return to global equities and higher-yielding currencies.However, analysts warned there would likely be a period of volatility as Britain and its EU partners try to hammer out an exit agreement.Wednesday's gains built on the previous day's advance after ...

Markets - Equity - Europe

European stocks extend recovery at open LONDON: Europe's main stock markets rallied at the start of trading on Wednesday, building on the previous session's strong gains as fears over Brexit ease.London's benchmark FTSE 100 index jumped 1.6 percent compared with Tuesday's close to open at 6,236.68 pointsIn the eurozone, Frankfurt's DAX 30 won 1.2 percent to 9,557.69 points and the Paris CAC 40 gained also 1.2 percent to 4,139.37.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong, Shanghai shares end sharply higher HONG KONG: Hong Kong stocks climbed Wednesday, in line with a global rally, on hopes the turmoil sparked by Britain's shock decision to leave the EU would lead to fresh stimulus by major central banks.The Hang Seng Index rose 1.31 percent, or 263.66 points, to close at 20,436.12.And the benchmark Shanghai Composite Index rose 0.65 percent, or 19.03 points, to 2,931.59 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.15 ...

Markets - Equity - Asia

Asia markets build on gains as stimulus talk swirls HONG KONG: Asian markets rose again Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain's shock vote to leave the European Union.After Friday's battering, regional investors have this week led a return to global equities and higher-yielding currencies.However, analysts warned there would likely be a period of volatility as Britain and its EU partners try to hammer out an exit agreement.Wednesday's gains built on the previous day's advance after ...

Markets - Equity - Asia

China stocks end up as authorities seek to calm Brexit fears SHANGHAI: China stocks tracked global markets higher to a three-week closing high on Wednesday as authorities sought to calm anxiety over potential shifts in Beijing's currency policy following last week's Brexit vote. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent, to 3,151.39, while the Shanghai Composite Index gained 0.7 percent, to 2,931.59 points.In an apparent effort to ease fears of rapid yuan depreciation, China's two main official securities ...