01252017Wed
Last update: Wed, 25 Jan 2017 12am

Markets - Equity

Markets - Equity - Middle East & Africa

Saudi rises, Oman hit by higher telecommunications tax DUBAI: Saudi Arabia's stock market rose on Sunday with much activity focusing on second- and third-tier stocks rather than blue chips, while Oman's bourse was dragged down by a higher tax on telecommunications companies. The main Saudi index added 0.4 percent. Banking stocks were soft but major gains were seen in a few stocks such as conglomerate Jazan Development, which jumped 5.4 percent after announcing a 0.50 riyal per share dividend for 2016. Saudi Automotive Services surged its 10 percent daily limit after saying it would post a special gain of 4.4 million riyals ($1.2 million) for the fourth quarter after selling two of its equities investment portfolios.Travel agency Al Tayyar, beaten down last year by the slump in Saudi consumer spending, climbed 7.4 percent in unusually heavy trade. Nama Chemicals plunged its 10 percent daily limit for a second straight day.It resumed trading last week after its shares were ...


Markets - Equity - Middle East & Africa

Saudi stocks rise with second tier outperforming DUBAI: Saudi Arabia's stock market rose in early trading on Sunday with activity focusing on second- and third-tier stocks rather than blue chips.The main Saudi index was up 0.5 percent in the first hour. Petrochemical and banking blue chips were little changed but major gains were seen in stocks such as conglomerate Jazan Development, which jumped 5.9 percent after announcing a 0.50 riyal per share dividend for 2016.Saudi Automotive Services surged its 10 percent daily ...

Markets - Equity - Americas

Wall St set to end 2016 with a whimper NEW YORK: US stocks fell on the last trading day of 2016, eating into gains for the year, following a decline in technology stocks. The S&P 500 technology sector's 0.7 percent fall put the broader index on track for its third straight day of losses - the longest losing streak since Nov. 4.The Dow Jones Industrial Average, which came within 13 points of breaching the 20,000 level last week, is now more than 200 points ...

Markets - Equity - Europe

World markets end volatile year in the black LONDON: Most world stocks markets are set to finish 2016 in positive territory despite shock votes in Britain and the United States, but 2017 is clouded by looming European elections and Brexit.London's FTSE 100 has gained almost 14 percent over the year, while Frankfurt's DAX 30 added about 6.4 percent and the Paris CAC 40 won 4.1 percent.All three indices dipped Friday on the final trading day of 2016, with London due to close at ...

Markets - Equity - Europe

London stock market rebounds to new record peak LONDON: The British stock market finished 2016 with a bang on Friday, rebounding to a new record closing high in shortened holiday trade.London's FTSE 100 index of top companies, which spent most of the half-day session in negative territory, experienced a last-gasp jump to finish 0.32 percent higher at 7,142.83 points.The market, which has struck a series of record peaks this week, shut up shop at 1230 GMT.London stocks often climb during thin trading between ...

Markets - Equity - Europe

Britain's FTSE closes 2016 at record high level LONDON: Britain's blue-chip FTSE 100 index closed 2016 at a record high level on Friday, with a blistering rally in mining stocks and a sharp fall in sterling after June's shock Brexit vote boosting the market. The benchmark index, dominated by global companies, closed 0.3 percent higher at a life-time peak of 7,142.83 points on Friday, surpassing the previous record of 7,129.83 scaled in October this year. It surged 14.4 percent in 2016, outperforming major ...

Markets - Equity - Asia

Tokyo's Nikkei ends volatile 2016 to mark highest close in two decades TOKYO: Tokyo's benchmark stock index ended a volatile 2016 on a down note Friday, but still hit the highest year-end close in two decades on optimism over the incoming US government.President-elect Donald Trump's surprise election victory last month has sparked a rally in global equity markets and pushed the dollar higher on expectations of big government spending and a rise in interest rates."Trump was a game changer," said Hisao Matsuura, chief strategist at Nomura Securities.Matsuura ...