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Gulf markets narrowly mixed in early trade DUBAI: Gulf stock markets were mixed in narrow ranges during early trade on Wednesday, with buyers reluctant to commit in the absence of positive corporate news and because of geopolitical tension after Turkey's downing of a Russian warplane on Tuesday.The Dubai index edged down 0.2 percent as builder Arabtec, the most heavily traded stock, rebounded 0.9 percent after sinking 4.3 percent on Tuesday. Real estate firms were soft with Emaar down 0.5 percent.Abu Dhabi edged up 0.1 percent although Abu Dhabi National Energy jumped 10 percent to 0.44 dirham in unusually heavy trade. The company posted a big third-quarter loss and its shares have been trending down this year because of low oil prices, but in recent days they have bounced from a record low of 0.36 dirham.Qatar's index fell 0.3 percent as petrochemicals and metals producer Industries Qatar slipped 1.6 percent.Copyright Reuters, 2015 ...

Oil rises on Middle East tensions, weaker U.S. dollar LONDON: Oil prices rose three percent on Tuesday as tensions in the Middle East escalated following the downing of a Russian fighter jet near the Syrian-Turkish border, and a weaker dollar provided an incentive for investors to buy more oil.Brent futures for January were trading at a near two-week high of $46.23 a barrel at 1420 GMT, a 3 percent or $1.40 gain on Monday's close. West Texas Intermediate (WTI) crude was up 1.25 cents ...
Bahri stock boosts Saudi Arabia, Egypt stays weak DUBAI: Oil shipper Bahri boosted Saudi Arabia's stock market early on Tuesday while Egypt's market remained weak.The Saudi stock index added 0.9 percent as Bahri climbed 1.6 percent in unusually heavy trade. The company, which reported a 501 percent leap in third-quarter net profit last month, released details of its earnings late on Monday.Petrochemical producer Saudi Basic Industries rose 1.4 percent and real estate developer Dar Al Arkan, which had dropped 2.3 percent on Monday ...
Gulf mixed in thin trade, Arabtec flat DUBAI: Gulf stock markets were mixed in thin trade early on Tuesday as a management change at Dubai builder Arabtec failed to boost the stock.Arabtec, Dubai's most heavily traded stock, rose as much as 2.6 percent in the opening minutes after the company, confirming a Reuters story published late on Monday, said its board had accepted the resignation of acting chief executive Mohamed al-Fahim and replaced him with board member Saeed al-Mehairbi.But the stock soon ...
Gulf slips on weak oil, Orascom Telecom drags down Egypt DUBAI: Gulf stock markets mostly fell on Monday because of weak oil prices, while a slide of shares in Orascom Telecom Media dragged down Egypt's bourse. Brent crude oil tumbled more than 2 percent at one stage in Asian trade to below $44 a barrel, though it later recovered above that mark.The Saudi stock index, which had surged 2.1 percent on Sunday, fell back 0.4 percent. Top petrochemical producer Saudi Basic Industries added 0.9 percent. ...
Nigeria stocks fall as markets await policy on economy LAGOS: Nigerian shares fell for the sixth session on Monday as the absence of new policies to tackle an economic crisis facing Africa's biggest economy continued to unnerve markets nearly two-weeks after ministers were sworn in, traders say.The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, shed 1.02 percent on Monday on thin volumes taking year-to-date losses to 19.8 percent. Shares fell to a 2-1/2 month low last ...
Saudi stock slips on weak oil; Egypt drops on corporate news DUBAI: Saudi Arabia's stock market slipped early on Monday because of weak oil prices, while Egypt's bourse also fell on negative corporate news.Brent crude oil dropped 2.1 percent in Asian trade to below $44 a barrel. The Saudi stock index, which had surged 2.1 percent on Sunday, fell back 0.4 percent in the first 90 minutes of trade.Real estate developer Dar Al Arkan dropped 0.8 percent. Banks fell with Al Rajhi losing 1.5 percent.But top ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln