All
 

 

Just in:  

You are here: Home»Markets»Equity»Middle East & Africa

Middle East & Africa

Archive

Egypt rises on real estate; Saudi, Dubai pull back DUBAI: Egypt's bourse outperformed an otherwise sluggish region on Tuesday on the back of property firms and other blue chips, while banks dragged down Saudi Arabia after the kingdom's central bank tightened consumer lending regulations.The Cairo index rose 1.8 percent, its biggest gain in five weeks, after the country's central bank on Monday kept interest rates unchanged, as expected by the market, and said there was upside risk to the inflation outlook.At its previous meeting on July 17, the central bank had raised benchmark interest rates in a surprise move seen as an attempt to hold down inflation after the government introduced fuel price increases.Expectations for higher inflation have prompted investors to chase property stocks, hoping Egyptians will use real estate as a hedge against consumer price increases.Shares in developer SODIC rose 2.6 percent on Tuesday, while another property firm, Talaat Moustafa Group , added 2.9 percent. Palms Hills Developments ...

South African stocks up as investors buy into retailers JOHANNESBURG: South African stocks ended in the black on Tuesday led by retailers such as construction materials seller Cashbuild and upscale food and clothing retailer Woolworths.JD Group gained after the furniture retailer said it had agreed to sell its struggling financing arm.South African companies are cutting back the amount of credit they extend to low-income consumers as over indebtedness and unemployment squeeze customers' ability to repay loans."It's another example of just how bad things are ...
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 ...
Property firms lift UAE; Saudi banks, petchems pull back DUBAI: Property firms, led by Dubai's Emaar Properties which has said it will float its malls unit in September, helped lift stock markets in the United Arab Emirates on Monday, while the advance of Saudi Arabia's bourse slowed.Dubai's main index rose 1.5 percent as Emaar, the emirate's biggest listed developer, jumped 4.5 percent to 11.65 dirhams, a fresh six-year high; trading volume in the stock was the highest since April 2010. However, Emaar closed well ...
South Africa stocks advance as Bidvest jumps JOHANNESBURG: South African stocks ticked higher on Monday, as Bidvest Holdings advanced after the industrial conglomerate said it could list its food unit in London, a potential windfall for investors.But gains were limited by concerns Johannesburg stocks are overheated after a series of record highs this year and worries about lacklustre growth in Africa's most developed economy."We're quite fully valued across the board," said Abri du Plessis, a portfolio manager at Gryphon Asset Management in ...
Property stocks lift UAE markets, Emaar surges again DUBAI: Property firms, led by Dubai's Emaar Properties which said on Sunday that it would float its malls unit in September, lifted stock markets in the United Arab Emirates in early trade on Monday. Shares in Emaar, the biggest listed developer in Dubai, surged 6.7 percent on strong volume and dominated trading in the emirate. Dubai's main index rose 1.9 percent. The initial public offer of Emaar's malls and retail unit will be one of ...
Dubai's Emaar may rise further, most markets bullish DUBAI: Emaar Properties, Dubai's largest listed developer, may rise further on Monday after surging in the last session on news that the company will float its malls unit in September, while other regional markets also look positive. The stock jumped 8.8 percent to 11.15 dirhams on Sunday, its highest close since March 2008, rising above resistance at 11.10 dirhams, its May peak. A higher close on Monday would confirm a break of this resistance and ...

 



 
IndexClosingChg%
ArrowDJIA 17,098.45 0.11
ArrowNasdaq 4,580.27 0.50
ArrowS&P 2,003.37 0.33
ArrowFTSE 6,825.31 0.08
ArrowDAX 9,479.03 0.09
ArrowCAC-40 4,379.73 0.03
ArrowNikkei 15,476.60 0.34
ArrowH.Seng 24,752.09 0.04
ArrowSensex 26,867.55 0.86





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln