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Gulf stocks regain ground after early losses over Yemen KUWAIT CITY: Stock markets in the Gulf states suffered early losses Thursday on fears over Saudi Arabia's air strikes on Shiite rebels in Yemen but regained ground at the close.The Saudi Tadawul All-Shares Index, the largest in the region, closed the day up 0.4 percent on 8,903.49 points, after diving at the start of trading when it shed 4.0 percent on Wednesday.The Dubai Financial Market also tumbled over 6.0 percent at the opening but ended down just 0.8 percent at 3,407.25 points.The slide came as a result of a massive sell-off over fears of a possible confrontation between Saudi Arabia and Shiite Iran, analysts said."There has been a massive sell-off by investors because of fears the strikes may escalate into a war between Saudi Arabia and Iran," Mohammad Zidan, chief market strategist at Kuwait's Orbex Brokerage, told AFP."Any fears about Iran normally strongly impact investors in the Gulf," Zidan said.Saudi ...

US stocks fall on Yemen, valuation worries NEW YORK: US stocks dropped early Thursday amid worries about the Yemen crisis and the potential overvaluation of some equities, including in the biotech and semiconductor sectors.About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,629.85, down 88.69 points (0.50 percent).The broad-based S&P 500 fell 9.41 (0.46 percent) to 2,051.64, while the tech-rich Nasdaq Composite Index lost 35.96 (0.74 percent) at 4,840.56.Saudi Arabia led an Arab air assault against Huthi rebels in ...

Sri Lankan shares fall for 4th session on margin calls, political woes COLOMBO: Sri Lankan shares fell for a fourth straight session on Thursday and closed at their lowest in more than seven months as investors sold stakes to settle margin trading ahead of quarter-end, while political uncertainty also weighed on sentiment.The main stock index ended 0.72 percent, or 50.20 points, weaker at 6,922.83, its lowest close since Aug. 8 and further moving away from the key psychological support level of 7,000. It has lost 5.39 percent ...

Travel stocks knock Britain's FTSE after oil surge; LSE slumps LONDON: Britain's top share index fell sharply on Thursday, led by travel stocks after air strikes in Yemen sent oil prices surging.Britain's FTSE 100 was down 1.3 percent at 6,899.90 points by 1211 GMT, bringing the drop since a record high hit on Tuesday to 2.4 percent.Airlines saw substantial selling as Brent crude shot up nearly 6 percent after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen.Travel and leisure firms, ...

European shares extend retreat, led by techs PARIS: European stocks fell for a second straight session on Thursday, hurt by worries over valuation levels in growth sectors such as technology as the euro currency regained more ground.Shares in Nokia Alcatel-Lucent, STMicroelectronics, ARM, and ASML were down 3.4 percent to 4.2 percent, mirroring a similar decline in U.S. tech shares on Wednesday.Shares in European tech firms - seen as benefitting significantly from the drop in the euro currency over the past year - ...

European tech stocks tumble as investors question growth outlook LONDON: European technology stocks, especially semiconductor names, fell sharply for the second day in a row on Thursday, part of a global sell-off as a host of brokers and investors questioned growth prospects and valuations.The STOXX Europe 600 Technology Index was down 2.4 percent at 1315 GMT, tracking a similar decline in the United States concentrated among semiconductor companies overnight.The jitters come a few weeks before quarterly earnings results begin for many of the biggest ...

Wall St lower in wake of air strikes on Yemen NEW YORK: US stocks fell at the open on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen.Oil prices spiked, with Brent crude up 2.4 percent to $57.86 and US crude up 3 percent to $50.69 after warplanes from Saudi Arabia and its allies struck Shi'ite Muslim rebels fighting to oust Yemen's president. Halliburton shares gained 1.5 percent to $44.12."Obviously ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln