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Gulf markets mixed, follow dividend trail DUBAI: Gulf stock markets were mixed in early trade on Tuesday with dividend payout schedules guiding bourses in Qatar and Abu Dhabi.The Doha index edged down 0.7 percent because of Islamic lender Masraf Al Rayan, which dropped 2.7 percent as its shares no longer carried the 2014 dividend of 1.75 riyals.Petrochemicals-to-metals conglomerate Industries Qatar, which went ex-dividend a day earlier, was down a further 1.3 percent.Oil prices, which directly affect the prices of petrochemicals, tumbled 5 percent, their largest drop in a month, late on Monday as speculation of a nuclear deal that could lift sanctions on Iran and boost its oil exports brought worries about high supply back to the market.However, Abu Dhabi's market edged up 0.4 percent on the back of First Gulf Bank, which jumped 2.0 percent. The lender will pay a dividend of 1.00 dirham per share on Thursday.But oil and gas firm Dana Gas, whose ...

Gulf markets sluggish, EFG Hermes leads Egypt rebound DUBAI: Gulf stock markets diverged on Monday on mixed corporate news, while Egypt rebounded on bullish comments by government officials and executives and signs that the planned parliamentary election will go ahead soon despite legal issues.Saudi Arabia's main index climbed 0.4 percent as property stocks dominated trading and Makkah Construction and Development was the main support, jumping 4.8 percent. The company, which which uses a different fiscal calendar from most listed firms, is expected to ...
South African stocks decline, Bidvest under pressure JOHANNESBURG: South African share prices pulled back on Monday after disappointing earnings such as Bidvest's, while investors took money off the table following a strong rally.Johannesburg's Top-40 index hit a life high last week but sentiment dampened with the finance minister's introduction of budget measures that could hurt South Africans' purchasing power.The benchmark index lost 0.8 percent to 46,774, while the wider All-share index shaved off 0.7 percent to 52,953."The market was taking a little ...
Egypt rebounds, Saudi Arabia flat DUBAI: Egypt's stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon, despite a court ruling that called its timing into question. Saudi Arabia's bourse was nearly flat.The main Cairo index climbed 1.4 percent, largely because of investment bank EFG Hermes, which surged 5.6 percent.Chief executive Karim Awad said on Sunday that EFG Hermes was studying investments in renewable energy and ...
Gulf markets mixed, Egypt falls after election setback DUBAI: Gulf stock markets were mixed on Sunday as trading volumes remained low, while Egypt fell after a court ruling that was likely to delay the parliamentary election previously scheduled to begin this month.Saudi Arabia's main index climbed 0.4 percent after oil prices rose on Friday and posted their first monthly rise since June, although the kingdom's petrochemicals sector gained just 0.1 percent on Sunday.Al Tayyar Travel Group was one of the main supports, jumping ...
Gulf markets mixed in thin trade DUBAI: Gulf stock markets were narrowly mixed in slow early trade on Sunday as Oman's bourse reported a technical glitch and Qatar was closed for a bank holiday. Dubai's index slipped 0.2 percent, largely because of lender Emirates NBD, which fell 2.2 percent. Builder Arabtec Holding edged down 0.6 percent after rising 1.9 percent in the previous session.Index compiler MSCI increased the stock's weighting in its emerging markets index and passive funds apparently adjusted their ...
Kenyan shares lifted by KenGen, shilling steady NAIROBI: Kenya's benchmark index rose on Friday, driven by a rally in the shares of the country's main power producer KenGen a day after it reported first-half pretax profit had more than doubled.The shilling was stable.KenGen, which is 70 percent state-owned, said its profit was buoyed by higher electricity sales and also predicted significant full-year growth.Its share price leapt 14 percent to 12.05 shillings."KenGen, that was actually a huge jump," said Agnes Achieng, a research ...

 



 
Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln