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South African shares advance, led by gold producers JOHANNESBURG: South African shares rose more than 2 percent on Tuesday amid expectations that European Union policy makers will intervene to keep the euro zone from slipping into deflation, a move that should help to ease risk aversion.Bullion producers AngloGold Ashanti and Sibanye Gold led the gains as gold reached a 12-week high and investors sought refuge from volatile stocks and depressed oil prices. AngloGold closed 4.45 percent higher at 124.70 rand and Sibanye rose almost 2 percent to 27.71 rand.Gold rose to $1,243.60, its highest since October, as oil prices slid as low as $45.19 a barrel, its lowest in almost six years. Falling oil prices have heightened expectations the European Central Bank will soon begin a large-scale programme of government bond buying.Chinese trade data released on Tuesday beat expectations as exports in December rose 9.7 percent from a year earlier and imports dropped by only 2.4 percent."The trade ...

Petrochemicals drag down Saudi market as oil slides DUBAI: Petrochemical shares dragged down Saudi Arabia's stock market on Tuesday as oil prices continued to slide, prompting profit-taking across a wide range of sectors in the Gulf.The Saudi stock index sank 1.8 percent as Brent crude oil plunged below $46 a barrel in Asian trading hours to its lowest level in nearly six years.The Saudi petrochemical sector, which faces direct damage to its earnings from low oil prices, dropped 2.3 percent. But other sectors ...
Egypt stock rallies on; GB Auto soars again DUBAI: Egypt's stock market extended gains in a broad rally on Tuesday after positive news from local companies.The Cairo index rose 1.6 percent as most stocks were in the black. GB Auto, the country's biggest listed vehicle assembler and distributor, led gains as it surged its daily 10 percent limit for the second day in a row.The firm's chief executive told Reuters last week that it was working on a rights issue and planned to ...
Gulf markets edge down as oil drops; Saudi banks strong DUBAI: Gulf stock markets ran out of steam on Monday after several strong sessions as oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks.Brent crude traded below $49 after analysts at Goldman Sachs cut their average forecast for the benchmark in 2015 to $50.40 a barrel from $83.75.Saudi Arabia's stock index slipped 0.1 percent as shares in petrochemicals giant Saudi Basic Industries fell 1.9 percent; petrochemical industry ...
Gulf markets give up gains on oil; GB Auto soars in Egypt DUBAI: Gulf stock markets gave up early gains on Monday after oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks. Brent crude traded below $49 after analysts at Goldman Sachs cut their average forecast for the benchmark in 2015 to $50.40 a barrel from $83.75. Saudi Arabia's stock index slipped 0.1 percent as shares in petrochemicals giant Saudi Basic Industries fell 1.2 percent.However, Saudi Hollandi Bank jumped ...
Kenyan shares rise while shilling holds steady NAIROBI: Kenyan shares edged up on Friday after a sluggish week marked by thin trading volumes caused by the introduction of a new capital gains tax, while the shilling was almost unchanged against the dollar.The NSE-20 rose 0.5 percent to close at 5,121.76 points. Traders said the market was trying to compensate for very thin volumes earlier in the week, after activity was curbed by the 5 percent tax that came into force this year.Kenya's ...
Egypt bourse suspends GB Auto shares on rights issue news CAIRO: Egypt's stock exchange on Thursday suspended trading in shares of GB Auto, the country's biggest listed vehicle assembler and distributor, until it provides more information to the market about its planned rights issue. GB Autos told Reuters on Tuesday it was working on a share issue to boost its capital by 1 billion Egyptian pounds ($139.86 million). Chief Executive Raouf Ghabbour said he expected the capital increase to take place in April 2015. Ghabbour ...

 



 
Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







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