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South African stocks down as defensive shares Netcare, Mediclinic wilt JOHANNESBURG: South African stocks pulled back on Wednesday weighed down by defensive stocks as traders sold off shares in health care providers Netcare and Mediclinic.Johannesburg's Top-40 index lost 0.49 percent to 46,774, while the wider All-share index shaved off 0.45 percent to percent to 52,891."There has been some major buying into defensive sectors over the past year," said Bernhard Grobler, the head of Investec stock broking."This has driven the defensive shares to fairly demanding valuations and although we have seen satisfactory earnings updates out of these companies, they have missed consensus expectations resulting in some profit taking in the short term and pushing the share prices down."Shares in Netcare were down 2.8 percent to 40.51 rand, with Medclinic closing down 1.7 percent to 123 rand.Activity was average with about 187 million shares traded compared to last year's daily average of 185 million shares, according to preliminary bourse data.Copyright Reuters, 2015 ...

MTN's FY earnings up nearly 9pc after Nigeria revenue boost JOHANNESBURG: Africa's largest telecom provider MTN Group posted an 8.7 percent rise in full-year earnings on Wednesday after a revenue boost from Nigeria, but warned of possible headwinds as weaker oil prices bring economic doubts to its key market.While Nigeria's performance was below MTN's own expectations after regulatory and operational challenges, its revenue increased by more than 12 percent."In Nigeria some level of uncertainty remains with regards to the implications of the oil price and ...
Saudi Arabia regulator to resume trade in Mobily shares RIYADH: Saudi Arabia's Capital Market Authority said on Wednesday it would allow trading in shares of telecommunications firm Etihad Etisalat (Mobily) on Thursday, after the company disclosed details of its financial troubles.The regulator had suspended Mobily's shares before trading began last Wednesday, after the company announced it had suffered a $243 million loss in 2014 and expected to breach covenants on long-term loans.On Wednesday this week, Mobily issued a stock exchange statement giving details of ...
Gulf markets edge down; Etisalat, Aramex support UAE DUBAI: Gulf stock markets edged down in early trade on Wednesday after a mixed set of corporate news did little to boost investor sentiment.Dubai's index edged down 0.3 percent as builder Arabtec fell 1.4 percent amid concerns about its $40 billion housing project in Egypt, which has stalled again.A source familiar with the matter told Reuters that Arabtec's chairman would meet officials of Egypt's housing ministry on Wednesday to renegotiate the terms of the plan, ...
Gulf markets mixed, follow dividend trail DUBAI: Gulf stock markets were mixed in early trade on Tuesday with dividend payout schedules guiding bourses in Qatar and Abu Dhabi.The Doha index edged down 0.7 percent because of Islamic lender Masraf Al Rayan, which dropped 2.7 percent as its shares no longer carried the 2014 dividend of 1.75 riyals.Petrochemicals-to-metals conglomerate Industries Qatar, which went ex-dividend a day earlier, was down a further 1.3 percent.Oil prices, which directly affect the prices of petrochemicals, tumbled ...
Gulf markets sluggish, EFG Hermes leads Egypt rebound DUBAI: Gulf stock markets diverged on Monday on mixed corporate news, while Egypt rebounded on bullish comments by government officials and executives and signs that the planned parliamentary election will go ahead soon despite legal issues.Saudi Arabia's main index climbed 0.4 percent as property stocks dominated trading and Makkah Construction and Development was the main support, jumping 4.8 percent. The company, which which uses a different fiscal calendar from most listed firms, is expected to ...
South African stocks decline, Bidvest under pressure JOHANNESBURG: South African share prices pulled back on Monday after disappointing earnings such as Bidvest's, while investors took money off the table following a strong rally.Johannesburg's Top-40 index hit a life high last week but sentiment dampened with the finance minister's introduction of budget measures that could hurt South Africans' purchasing power.The benchmark index lost 0.8 percent to 46,774, while the wider All-share index shaved off 0.7 percent to 52,953."The market was taking a little ...


Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41

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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln