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Kenyan shares slip again on profit taking, shilling flat NAIROBI: Kenya's main share index fell for an eighth consecutive session on Thursday, with loss-making Mumias Sugar dragging stocks lower as investors were put off by its planned cash call.The shilling closed unchanged.Kenya's stock market has lost ground in every trading session since March 2, when the benchmark NSE20 Index hit a seven year high, and fell again on the day despite the bourse's biggest stock by market capitalisation, Safaricom, scaling an all-time high.Aly Khan Satchu, an independent trader, said the stock market was nudging lower on profit-taking after the market shot up during a red-hot streak in January and February.Mumias Sugar lost 5.5 percent to 2.60 shillings, as investors sold the stock on news it planned a cash call to raise 4 billion shillings ($43.67 million).Kenya's government agreed a 5 billion shilling deal last week with banks to revamp Mumias Sugar, saying some of that money would be raised ...

Housing hopes boost Saudi; Egypt rises before investment summit DUBAI: Stronger oil and hopes that the government will speed up its housing programme lifted Saudi Arabia's stock market to a four-month high on Thursday, while Egypt rebounded ahead of a long-awaited conference to attract investment. Most Gulf markets were soft. The main Saudi index edged up 0.3 percent to 9,691 points, rising above major technical resistance on its 200-day average of 9,662 points. Another close above that level would confirm a break, suggesting the ...
South African stocks fall to one-month lows as investors flee JOHANNESBURG: South African stocks sank to a one-month low on Wednesday on the back of a wilting local currency and as investors focus on the likelihood of higher interest rates in the United States.Johannesburg's Top-40 index was down 0.7 percent to 45,826 and the All-share shed 0.6 percent to 51,753, the lowest since early February.The local rand currency is trading near 13-year lows against the dollar on the increasing view the Federal Reserve may raise ...
Saudi Arabia rises in otherwise weak Gulf; Egypt slides DUBAI: Most Gulf stock markets fell on Wednesday as oil remained volatile, but Saudi Arabia resumed its rally. Egypt's Orascom Construction tumbled in Dubai as Egyptian investors appeared to sell the stock to acquire hard currency. The main Saudi benchmark edged up 0.5 percent on late buying as the price of Brent crude oil rebounded towards $57 per barrel, after hitting a one-month low below $56. The index closed exactly on its 200-day average of ...
South Africa stocks sink again as commodities routed, Kumba hits low JOHANNESBURG: South African stocks sank for a second session in a row on Tuesday, pulled down once again by a global resources sell-off that saw platinum hit five-year lows and iron ore plumb a record trough. Leading blue-chip decliners, Kumba iron Ore fell nearly 5 percent to 179 rand, a 5-1/2 year low, after the price of its commodity slipped below $60 a tonne - its lowest since records began in late 2008 - under ...
Gulf mixed; Saudi's Mobily loses steam, Orascom up in Dubai listing DUBAI: Banks buoyed Saudi Arabia's bourse on Monday while Egypt continued to rise after strong economic data. Most Gulf markets moved little because of uncertainty about oil prices, though Orascom Construction rose on listing in Dubai.Saudi Arabia's main index edged up 0.5 percent to 9,623 points, confirming a clear break of technical resistance on its February peak of 9,544 points. The benchmark faces stronger resistance on its 200-day average, now at 9,663 points.Telecommunications operator Mobily ...
South African stocks down as resources weigh, Sasol bucks trend JOHANNESBURG: South African stocks fell on Monday weighed by Kumba Iron Ore which traded ex-dividend, as well as a slump in markets as investors bet the Federal Reserve will raise interest rates sooner than expected.Johannesburg's Top-40 index lost 1.25 percent to 46,644 while the wider All-share index shaved off 1.37 percent to percent to 52,614.Kumba slumped 7.3 percent to 188 rand after the company said it would be paying a dividend of 7.73 rand for ...


Index Closing Chg%
Arrow DJIA 17,619.51 0.13
Arrow Nasdaq 4,986.87 0.57
Arrow S&P 2,063.11 0.27
Arrow FTSE 6,520.98 1.50
Arrow DAX 10,944.97 1.25
Arrow CAC-40 4,790.20 1.63
Arrow Nikkei 20,235.73 0.63
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 27,780.83 0.49

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln