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Kenya stocks snap three-day losing streak, shilling steady NAIROBI: Kenya's main share index broke a three-day losing streak to close higher on Wednesday, while the shilling was steady.Oil marketer KenolKobil was among the gainers on the bourse after reporting that its 2014 pretax profit more than doubled to 1.52 billion shillings ($17 million).The fuel retailer's share price ended the session 7.5 percent higher at 10.05 shillings, after surging 9 percent to near a three-week high of 10.20 shillings earlier."For Kenol, they announced the full year results and the saw the profits increasing ... that's why the counter moved," Agnes Achieng, research analyst at Sterling Investment Bank, said.The Nairobi Security Exchange's main NSE-20 Share Index rose by 20.50 points, or 0.4 percent, to close at 5,275.10 points.On the foreign exchange market, commercial banks quoted the shilling at 91.75/85 to the dollar at the close of trading, compared with Tuesday's close of 91.70/80."Today has been a very quiet day," said ...

Saudi Arabia stock drops, Egypt pulls back DUBAI: Saudi Arabia's stock market pulled back broadly in early trade on Wednesday as investors eyed upcoming first-quarter earnings announements, while Egypt's market also fell.The main Saudi index dropped 2.6 percent with most stocks in the red. Saudi Arabian Mining Co (Ma'aden) tumbled 8.5 percent and was one of the main drags.The firm said on Tuesday that one of its facilities, in which Saudi Basic Industries also has a stake, had been forced to shut ...
South African stocks end slightly higher, Capitec hits record high JOHANNESBURG: South African stocks ended slightly higher on Tuesday, following in the footsteps of major overseas markets, with Capitec Holdings surging to lifetime high after the lender reported higher annual profit.Capitec rallied 7.19 percent to close at a record closing high of 499.50 rand, after giving up some of its gains from an earlier peak of 505 rand during the session.The lender's new strategy of targeting wealthier clients in addition to its core low-income customers ...
Land tax plan shakes up Saudi market; ruler's return boosts Oman DUBAI: A sell-off in the property sector slowed Saudi Arabia's advance on Tuesday after the government approved a plan to tax undeveloped land, while Oman rallied because of the return of Sultan Qaboos after lengthy medical treatment abroad.The main Saudi index inched up 0.1 percent as food maker Savola Group extended its rebound, jumping 2.9 percent.Another major support was Saudi Cement Co, which rose 2.5 percent. Major builder Abdullah Abdul Mohsin al-Khodari and Sons jumped ...
Kenyan shilling firms on dollar inflows, stocks decline NAIROBI: Kenya's shilling strengthened on Tuesday, helped by dollar flows from offshore investors preparing to buy a government bond due to be auctioned on Wednesday.The main shares index fell for a third straight day.At close of trade, commercial banks quoted the shilling at 91.70/80 to the dollar, from Monday's close of 91.90/92.10.Traders said tight shilling liquidity and dollar inflows from offshore investors seeking to buy a 12-year infrastructure bond worth 25 billion shillings ($272 million) ...
Saudi stock rises despite land tax concerns; Egypt firm DUBAI: Saudi Arabia's stock index edged up in early trade on Tuesday despite a minor panic in the real estate sector triggered by a plan to tax undeveloped land. Egypt's market rose broadly.The main Saudi index climbed 0.6 percent as food maker Savola Group extended its rebound, jumping 3.5 percent.Another major support was Saudi Cement Co, which rose 3.3 percent. Other cement stocks were also strong and modular building producer Red Sea Housing Services rose ...
South African shares slip, MTN tumbles after trading ex-dividend JOHANNESBURG: South African share prices eased slightly on Monday with heavy hitters such as MTN Group trading ex-dividend and despite higher copper prices boosting producers of the metal.Africa's largest telecoms provider MTN gave up the most value on the blue chip list when it lost 5 percent because it started trading without rights to the latest dividend.The benchmark Top-40 index shaved off 0.2 percent to 46,480 and the All-share gave up 0.1 to 52,559.Johannesburg's mining ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln