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Last update: Wed, 31 Aug 2016 07am

Markets - Equity

Markets - Equity - Middle East & Africa

Gulf slides with oil but closes off lows DUBAI: Most major Gulf stock markets fell on Tuesday after Brent crude oil dropped back below $49 a barrel, but most closed well off their lows as investors bought blue chips in late trade.The Saudi index closed 0.2 percent lower at 6,096 points, extending Monday's 1.7 percent slide. But gainers slightly outnumbered losers 77 to 74 and the index bounced from an intra-day low of 6,063 points, holding minor technical support on the April low of 6,066 points.Petrochemical blue chip Saudi Basic Industries rose 0.3 percent and Al Rajhi Bank added 0.5 percent. Insurer Alinma Tokio rose 1.5 percent after the central bank approved one of its new products.Dubai's index closed with a slight 0.04 percent decline at 3,534 points, off a low of 3,511 points. GFH Financial, which on Monday announced tentative plans to expand by taking a majority stake in a Bahraini bank, was the most heavily traded ...


Markets - Equity - Europe

European markets bounce back European stocks rebound LONDON: European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data.The single currency's economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday.Investors were meanwhile looking ahead to a key speech from Federal Reserve boss Janet Yellen, hoping for some insight into the state of the US economy and the bank's plans for its next interest ...

Markets - Equity - Europe

Britain's FTSE buoyed by resilient Persimmon LONDON: Britain's leading share index rose on Tuesday, helped by a rise in housebuilders after strong results from Persimmon suggested that the sector was coping with the uncertainty from Britain's vote to leave the European Union.Persimmon rose 4.3 percent, the biggest riser on the blue-chip FTSE 100. It reported a jump in reservations by buyers of new homes over the past two months despite some surveys suggesting the so-called Brexit vote could cool the housing ...

Markets - Equity - Asia

Sri Lankan stocks post 3-month closing high in high turnover COLOMBO: Sri Lankan shares ended marginally higher on Tuesday and posted their highest close in three months, led by financials while turnover hit a 4-1/2-month high on expectations of better economic performance after the government said it would achieve its revenue target for this year.Tax revenue in the first seven months jumped 23 percent to 769.8 billion rupees from a year earlier, and Finance Minister Ravi Karunanayake is optimistic about the full-year revenue target, his ...

Markets - Equity - Europe

Stocks creep up amid Fed limbo, dollar dips LONDON: World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise US interest rates this year.Wall Street was expected to open modestly higher, with a busy day of economic data helping traders fill the gap before an annual gathering of global central bankers in the mountains of Wyoming on Thursday and Friday.European equities were up 0.75 percent led by mining and banking ...

Markets - Equity - Asia

Hong Kong shares end flat as oil sell-off hits energy plays HONG KONG: Hong Kong stocks ended flat on Tuesday after spending all day in negative territory, with energy firms again dragging the market down following another heavy sell-off in the oil market.The Hang Seng Index edged up 1.02 points to close at 22,998.93.The benchmark Shanghai Composite Index added 0.16 percent, or 4.90 points, to end at 3,089.71. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.27 percent, or 5.39 points, to ...

Markets - Equity - Asia

China stocks edge up as strength in transport shares offsets property decline SHANGHAI: China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling northeast rustbelt, offsetting falls in real estate stocks. The blue-chip CSI300 index rose 0.2 percent, to 3,341.83. The Shanghai Composite Index also gained 0.2 percent, to 3,089.71 points.China has rolled out a plan to revive its northeast rustbelt over the next three years, including 127 major investment projects.The government also ...