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South Africa stocks hit record high on US, China data  JOHANNESBURG: South Africa's Top-40 and All-Share indices hit fresh record highs on Friday, as the equity market found support from positive economic data from the United States and China.   The benchmark Top-40 index climbed to a high of 33,257.26, while the broader All-Share index touched a record of 37,400.67.   Copyright Reuters, 2012 ...

Kuwait falls to 4-wk low on political tensions; Gulf mixed  DUBAI: Kuwait's bourse dropped to a four-week low on Thursday because of rising political tensions, while other Gulf bourses were mixed in quiet trade ahead of the weekend.   Jittery investors have sold shares in Kuwait since protests on Monday which called for the emir to set a date for upcoming parliamentary elections. Worries about politics weighed on the market on Thursday ahead of a cabinet meeting later in the day.   In some of the strongest remarks by ...
Saudi extends slide as global outlook darkens  DUBAI: Saudi Arabia's benchmark slumped to a fresh 10-week low on Tuesday as investors fretted that a gloomier outlook for the global economy would lead to lower oil receipts for the world's top crude exporter.   Other Middle East markets were mixed, with investors cautious as third-quarter earnings season got under way.   The International Monetary Fund cut its growth forecasts for the second time in six months on Tuesday, warning the global economic slowdown was worsening.   "This will obviously ...
South African stocks at record high JOHANNESBURG: South African stocks set a record high on Friday with mining shares among the top performers as investors chased bargains in the sector battered in recent days by a wave of wildcat strikes.   A weaker rand, higher metal prices and an upbeat tone in global markets after data showed a surprise drop in the US jobless rate added to the bullish sentiment. Mining companies benefit from a weaker rand because they sell commodities for dollars ...
South Africa stocks down on strike, Pick n Pay surges  JOHANNESBURG: South African stocks ended slightly lower on Wednesday, falling for a second day, with Kumba Iron Ore tumbling nearly 5 percent as wildcat strikes plaguing the mining industry spread to one of its mines.   Pick n Pay, South Africa's No.2 grocer, jumped 4.8 percent to 46.47 rand after it named the former UK head of Tesco as its new chief executive, ending a roughly seven-month hunt for the a new CEO.   A wave of illegal mine ...
S.Africa stocks rebound, charts suggest gains capped  JOHANNESBURG: South Africa stocks rebounded on Thursday from steep losses in the previous session, led by heavyweights such as world No. 1 platinum producer Anglo American Platinum, but a Moody's downgrade and technical factors could cap gains. The Top-40 index finished 0.74 percent higher at 31,392.10 while the wider All-Share index firmed 0.57 percent to 35,616.60. The Top-40 booked its biggest one-day percentage decline since early April on Wednesday on jitters over on-going illegal mining strikes. While ...
KenGen NAIROBI: Kenya's main electricity producer KenGen posted an 11 percent rise in full year pretax profit to 4.045 billion shillings ($47.53 million), helped by increased output from new plants, it said on Wednesday. The firm attributed the improved profits to a 14.5 percent increase in revenue to 17.4 billion shillings, buoyed by improved electricity sales due to increased production capacity from newly commissioned power plants. On the other hand, operating costs rose at a slower pace, increasing ...


Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln