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Dubai nears chart barriers, may see profit-taking DUBAI: Dubai's stock market, lifted in the past two days by the upcoming initial public offer of developer Emaar Properties' malls unit, is nearing strong technical resistance that may encourage profit-taking. The Dubai index rose 1.5 percent to 5,141 points on Monday. It dropped sharply in June after hitting that month's peak of 5,192 points, and faces bigger resistance at May's multi-year peak of 5,407 points. The June drop was largely due to builder Arabtec Holding , whose shares tumbled after Abu Dhabi state fund Aabar Investments slightly reduced its stake in the firm, a move which was followed by an abrupt resignation of Arabtec chief executive Hasan Ismaik. The stock has since partly recovered but remains volatile as Ismaik is the largest shareholder with a 27.90 percent stake in Arabtec. Ismaik said last week he was in talks with Aabar on selling part of his stake to the fund ...


Hong Kong shares fall on profit-taking, China stocks edge gains HONG KONG: Hong Kong shares fell to three-week lows on Tuesday weighed down by profit-taking, while the Chinese onshore markets eked out slim gains thanks to outperforming port and liquor stocks. By midday, the Hang Seng Index was down 0.6 percent at 24,613.83 points. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent to its lowest since Aug. 8. The CSI300 of the leading Shanghai and Shenzhen A-share listings ...

Taiwan stocks edge lower; tech, semiconductors lead falls TAIPEI: Taiwan stocks fell 0.66 percent in morning trade on Tuesday, largely in line with other regional bourses as further uncertainties over Europe's economic situation kept investors skittish.As of 0155 GMT, the main TAIEX index was down 62.91 points at 9,450.15, after closing up 0.81 percent on Monday.A number of regional markets, including the Korea KE Kospi Index and MSCI's broadest index of Asia-Pacific shares outside Japan fell on Tuesday, as investors awaited new steps ...

Nikkei rises to 4-1/2 week high on weak yen, reform hopes TOKYO: Japan's Nikkei share average rose to a 4-1/2-week high on Tuesday morning as the yen slipped to a seven-month low against the dollar, sending exporters higher on hopes of a boost to earnings.The Nikkei gained 1.1 percent to 15,639.72 in mid-morning trade, the highest level since July 31.A planned cabinet reshuffle by Prime Minister Shinzo Abe also supported sentiment, traders said.The Nikkei business daily reported that Abe has decided to bring Yasuhisa Shiozaki, a ...

Australia shares listless, await central bank policy meeting SYDNEY/WELLINGTON: Australian shares were little changed on Tuesday in listless trading, lacking cues from US markets and awaiting the central bank's monthly policy meeting. Geopolitical tensions, slowing manufacturing in the euro zone and stagnating factory activity in several key countries weighed on sentiment. The Reserve Bank of Australia's meeting will draw interest with the focus on whether the central bank will retain its commitment to keep interest rates low for a while. The cash rate ...

Hong Kong stocks down 0.56pc at lunch HONG KONG: Hong Kong shares ended the morning session 0.56 percent lower on Tuesday following China's weak manufacturing data, with dealers hoping Beijing will unveil fresh measures to stimulate the economy.The benchmark Hang Seng Index slipped 138.26 points to 24,613.83 on turnover of HK$32.33 billion ($4.17 billion).Copyright AFP (Agence France-Presse), 2014

Asian stocks slip, euro hits 1-year low on ECB uncertainty TOKYO: Asian shares slipped on Tuesday as a US holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank's policy decision later this week. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4 percent after managing to carve out gains on the previous day. A US labor market holiday on Monday kept investors subdued in Asia. The mood was also tempered by the persistent ...


 



 
Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
Arrow DAX 9,507.02 0.30
Arrow CAC-40 4,378.33 0.03
Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
Arrow Sensex 27,019.39 0.57





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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 02, 2014
Reserves $13.581 bln