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Middle East & Africa


South Africa stocks slide as resources hammered, tech rebound seen JOHANNESBURG: South African stocks slid on Friday in line with equities markets elsewhere as investors fretted about the prospect of a global economic slowdown, but analysts said Johannesburg could rally next week on technical factors. Dim global growth prospects mean a grim outlook for commodity prices with the likes of petrochemicals giant Sasol falling 3.9 percent and Impala Platinum shedding 4.9 percent in a broad-based resource sell off. Among blue chips, Africa's top bullion producer AngloGold Ashanti was the biggest decliner, skidding 5.6 percent to 120.70 rand, its lowest level in 10 months. Bucking the downward trend of its industry peers, iron ore producer Assore leapt 5 percent to 225.91 rand in a technical rebound after charts suggested it had strayed deeply into oversold territory. It is still down about 51 percent from its year peak of over 462 rand reached in March as it has steadily lost ground in ...

Dubai rebounds in line with global markets DUBAI: Bourses in the United Arab Emirates edged up in early trade on Thursday in line with global markets, but Abu Dhabi then pulled back on low trading volume. Dubai's index added 0.4 percent. Emaar Properties , also up 0.4 percent, was the main support. Abu Dhabi's benchmark slipped 0.1 percent after gaining 0.3 percent earlier in the session. Volumes remained low on both exchanges as many retail investors have yet to return to the ...
Markets may rebound in line with global lead DUBAI: Bourses in the Middle East may rebound in line with global markets on Thursday after mirroring the slide in Western and Asian stocks on Wednesday, but trading volumes look likely to stay low.Markets across the region fell on Wednesday as global markets came under pressure from worries about global growth.The run on Middle Eastern stocks was amplified by the fact that many retail investors are taking the whole week off for Eid al-Adha holidays. ...
UAE markets pull back in thin trade DUBAI: Bourses in the United Arab Emirates retreated in early trade on Wednesday in line with global markets as trading volumes remained low, indicating that many retail investors had yet to return to the market after Eid holidays. Dubai's index fell 1.2 percent as heavyweight Emaar Properties slid 1.7 percent. Emaar Malls Group , which was listed this month, fell 0.6 percent.Abu Dhabi's index edged down 0.4 percent as Abu Dhabi Commercial Bank lost 1.6 ...
Barwa's Qatar, Abu Dhabi's Dana Gas jump on deal announcements DUBAI: Developer Barwa Real Estate helped lift Qatar's bourse on Wednesday after announcing a land sale deal with the government, while Abu Dhabi's Dana Gas rose after signing a new contract in Egypt.Qatar's benchmark rose 0.2 percent as shares in Barwa jumped 3.5 percent and were among the main supports.Barwa said on Wednesday it would sell land worth 2.54 billion riyals ($697.4 million) to the government, the latest state assistance which the indebted developer has ...
Most markets rise; Qatar slips ahead of index changes DUBAI: Most markets in the Middle East edged up on Tuesday with the region emerging from a wave of profit-taking, but Qatar's index dipped as investors adjusted their portfolios ahead of changes in the benchmark composition.The Doha index fell 0.8 percent to a four-week closing low of 13,728 points and most stocks declined.Trading focused on property developer Ezdan Holding , which added 1.4 percent. The stock is not part of the main index but will ...
South Africa stocks end down but charts point to possible rebound JOHANNESBURG: South African bullion producers such as Harmony Gold remained under pressure on Tuesday, weighing on the wider market which ended in the red, after the precious metal fell to a nine-month low in the face of relentless dollar gains.The benchmark Top-40 index slipped 0.11 percent on the day and has lost almost 4 percent this quarter, the biggest fall since the same period in 2011 when it fell more than 7 percent, pushing it ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln