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ARM outperforms as Britain's FTSE extends gains on Fed boost LONDON: Britain's main equity index rose on Thursday, helped by the U.S. Federal Reserve's pledge for a "patient approach" to any interest rate increase.Technology group ARM was among the best-performing stocks on the blue-chip FTSE 100 index after an upbeat broker note.Federal Reserve Chair Janet Yellen said U.S. interest rates were unlikely to rise for "at least a couple of meetings," meaning April at the earliest, helping to ease concerns that a tightening in U.S. monetary policy and a rising dollar could curb global economic growth and pummel the price of commodities.Yellen's comments lifted global equity markets, with the FTSE 100 up 1 percent at 6,398.80 points going into the middle of the trading session, extending gains from Wednesday.The FTSE also flickered higher after data showed that British retail sales had surged at their fastest annual rate in more than a decade in November."We're now well set up for the ...


Hong Kong shares end 1.09pc higher, Hang Seng Index added 246.37 points HONG KONG: Hong Kong stocks rose 1.09 percent Thursday, boosted by bargain-buying and a rally on Wall Street after the US Federal Reserve indicated interest rates would likely not be hiked until mid-2015.The benchmark Hang Seng Index added 246.37 points to 22,832.21 on turnover of HK$99.64 billion (US$12.85 billion), breaking a five-day losing streak.After a two-day meeting the Fed's policy committee said it "judges that it can be patient in beginning to normalise the stance ...

Tokyo stocks close 2.32pc higher, Nikkei 225 index at the TSE ended up 390.32 points TOKYO: Tokyo stocks jumped 2.32 percent on Thursday, boosted by a rally on Wall Street and a weaker yen after the US Federal Reserve indicated it would hike interest rates by mid-2015.The Nikkei 225 index at the Tokyo Stock Exchange ended up 390.32 points at 17,210.05, while the Topix index of all first-section shares climbed 1.80 percent, or 24.31 points, to 1,376.32."The Fed pretty much said what markets most wanted to hear -- no rate ...

Asian markets gain as Fed promises patience HONG KONG: Asian markets mostly rallied Thursday, with investors reversing a recent sell-off spurred by a Wall Street recovery and indications the Federal Reserve will keep rates on hold until mid-2015.The dollar was boosted by comments from US central bank policymakers, which analysts said suggested they have changed tack and will not start to lift rates from record lows until the first six months of next year.Tokyo climbed 2.32 percent, or 390.32 points, to 17,210.05 ...

Hong Kong shares end 1.09pc higher HONG KONG: Hong Kong stocks rose 1.09 percent Thursday, boosted by bargain-buying and a rally on Wall Street after the US Federal Reserve indicated interest rates would likely not be hiked until mid-2015.The benchmark Hang Seng Index added 246.37 points to 22,832.21 on turnover of HK$99.64 billion (US$12.85 billion).But in mainland China the benchmark Shanghai Composite Index edged down 0.11 percent, or 3.50 points, at 3,057.52 following a four-day rally that saw it hit a ...

European stock markets rally at open LONDON: Europe's main stock markets opened strongly on Thursday following rallies in Tokyo and on Wall Street as dealers welcomed the outcome of the US Federal Reserve policy meeting.Oil prices were steady after recent volatility.At the start of trading, London's benchmark FTSE 100 index climbed 0.44 percent to stand at 6,364.64 points compared with Wednesday's close.Frankfurt's DAX 30 soared 1.75 percent to 9,711.61 points and in Paris the CAC 40 won 1.81 percent to 4,186.26 ...

Gulf markets surge after oil rebounds DUBAI: Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development. Saudi Arabia's bourse rose 5.8 percent shortly after its opening. All traded stocks posted gains and some, such as Advanced Petrochemical Co, were up 10 percent, the bourse's daily limit for price moves. The main fear of Gulf ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln