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Kenyan shares surge to 4-1/2 year high on peaceful vote NAIROBI: Kenyan shares surged 3 percent to a four-and-half-year high on Monday as investors bought into stocks after a peaceful vote outcome over the weekend, while the shilling firmed against the dollar.Uhuru Kenyatta, the son of Kenya's founding president, won the presidential election with 50.07 percent of the vote, the country's election commission said on Saturday, which was just enough to avoid a run-off after a race that had divided the nation.The results, and the peaceful celebrations that followed, sent Kenya's benchmark share index surging to 4,796.33 points, a level last touched on Aug. 20, 2008. The last time it rallied more than 3 percent was in June 18, 2009."The market is relieved that the elections are out of the way. This brings clarity to the market," said Francis Mwangi, analyst at Standard Investment Bank.Traders said the results, and the peaceful celebrations that followed, have rejuvenated investor confidence on the ...

Kingdom Holding to pay $147mn in dividends KHOBAR: Kingdom Holding Co, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal will pay dividends worth 550.3 million Saudi riyals ($146.75 million) this year, in quarterly installments, the company said on Saturday. Kingdom Holding will "distribute quarterly cash dividends from retained earnings of 1.25 percent (5 percent for the full year) of the shares' nominal value, by distributing 12.5 Halalas per share quarterly (the total for the year is 0.50 Riyals per ...
South African stocks steady, mining shares recover JOHANNESBURG: South African stocks were steady on Friday, a day after booking their biggest one-day fall in nearly a year, as shares of mining firms recovered while some retailers tumbled. Shares of Exxaro fell 1.1 percent to 172.10 rand after the diversified miner said it expected full-year earnings to drop by as much as 41 percent, worse than market expectations. "We started a bit firmer after the big sell-off yesterday, the market was following the ...
South Africa stocks edge back from record as platinum hit   JOHANNESBURG: South African stocks edged back from record highs on Monday, with shares of platinum mining companies hit after Impala Platinum warned of lower earnings.   Shares of Sibanye Gold made their debut on the Johannesburg Stock Exchange, ending the day at 13.57 rand.   This was at the lower end of analyst estimates and valued the mining company at around 10 billion rand ($1.1 billion).   "The resources did get hit a bit today. Amplats has moved down as well, ...
South African stocks retreat from record high, end flat JOHANNESBURG: South African stocks ended barely changed on Monday as investors juggled better-than-expected earnings results by a major gold miner with valuation worries after two straight sessions of gains that pushed the market to record highs.   Construction firms also featured on the loser board after the City Press newspaper said police were involved in a competition watchdog price-fixing probe.   But gold mining shares restricted the downside the broader index after Harmony Gold beat forecasts with quarterly profit.   The ...
Mobinil eyes new share listing to meet ownership rules CAIRO: Egyptian cellphone operator Mobinil would prefer to list more shares on Cairo's stock exchange to meet new ownership rules than sell a bigger stake to a local company, its CEO said on Monday.   France Telecom owns 94 percent of Mobinil, Orascom Telecom Media and Technology Holding owns 5 percent, and only the remaining 1 percent is listed on the exchange, Mobinil's website said.   "We seek to raise our shares in Egypt to 15 percent and we ...
Bluechips lift Dubai to 33 months high DUBAI: Dubai's heavyweight banking and property stocks lifted the emirate's index to a fresh 33-month high above a long-term resistance level on Sunday, while other regional markets were mixed.   Dubai's index rose 1.5 percent to 1,819 points, its highest finish since April 2010. Emaar Properties climbed 3.6 percent and top lender Emirates NBD rose 1.5 percent.   Dubai Financial Market, the Gulf's only listed bourse, added 2.4 percent, accounting for nearly a quarter of all shares traded on ...


Index Closing Chg%
Arrow DJIA 17,265.99 0.64
Arrow Nasdaq 4,593.43 0.68
Arrow S&P 2,011.36 0.49
Arrow FTSE 6,819.29 0.57
Arrow DAX 9,798.13 1.41
Arrow CAC-40 4,464.70 0.75
Arrow Nikkei 16,067.57 1.13
Arrow H.Seng 24,168.72 0.85
Arrow Sensex 27,112.21 1.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln