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Middle East & Africa


Kenyan stocks post 19.2pc gain for 2013 NAIROBI: Kenya's main share index rose on Tuesday to record a 19.2 percent gain for 2013, helped by east Africa's biggest telecoms operator, Safaricom, which doubled in price during the year.The Kenyan shilling, which is up 0.2 percent against the dollar in 2013, was a touch firmer on Tuesday. At 1300 GMT, commercial banks quoted the shilling at 86.20/40, from Monday's close of 86.30/50.The benchmark NSE-20 Share Index rose 0.8 percent on the day to finish the year at 4,926.97 points, having reached record highs several times in 2013.Analysts say Kenya's index, like many other African bourses, has benefited from multi-billion dollar pension funds and other global investors increasing their allocation to the continent and its expanding economies.Aly Khan Satchu, an independent analyst, said this trend had created demand for "big cap, blue-chip African equities".Safaricom, the bourse's most capitalised stock by some distance, soared 115 percent during the year. Several ...

Nigeria stock index ends year 47pc up: traders LAGOS: The Nigeria Stock Exchange index , the country's main index, ended the year 47 percent up on the close of last year, rising 2 percent on the day to 41,329 points, traders said on Tuesday. The principal drivers were cement manufacturer Dangote Cement, up 3.9 percent to close at 218.99 naira, and food and beverages maker Nestle, up 2.12 percent to 1,200 naira a share, they said. Analysts had feared ...
South Africa stocks rise 2pc on back of global rally JOHANNESBURG: South African stocks jumped more than 2 percent on Friday, gaining for the seventh straight session and coming within sight of lifetime highs on the back of a record run in global markets. The gains were across the board with Africa's top bullion producer AngloGold Ashanti the biggest advancer among blue chips, adding more than 5 percent. "The underlying market trend remains quite bullish. In the year-end, the market often gets ahead of itself ...
South African stocks drift sideways JOHANNESBURG: South African stocks drifted sideways in thin trade on Friday, as investors remained cautious due to uncertainty over when the US Federal Reserve could start scaling back its stimulus programme. Johannesburg-listed shares of US firm Net 1 UEPS Technologies tumbled after South Africa's highest court ruled a contract between the company's unit and South Africa's Social Security Agency was invalid. "Investors are quite jumpy about what to expect from tapering talks by the Fed," ...
South Africa stocks fall again, rand hits exporters JOHANNESBURG: South African stocks fell for a second straight session on Friday as a firmer rand hit exporters such as Impala Platinum while paper producer Sappi fell sharply after a ratings downgrade. Sappi, the world's largest maker of the fine paper used in glossy magazines, fell over 4 percent to 30.89 rand. Investment bank Credit Suisse cut its rating on the stock to "underperform" from "neutral", citing management's repeated lowering of guidance. The rand gained ...
South Africa stocks end flat, 40,000 in sight for Top-40 JOHANNESBURG: South African stocks ended little changed on Friday as equities worldwide remained under pressure on concerns over US budget and debt negotiations.Afgri, which provides services to grain farmers, rose 4.7 percent to 5.81 rand. Just after the market closed, it said it had received a takeover offer of 7 rand a share from private investment company AgriGroupe.The Top-40 index inched up 0.05 percent to 39,774.18. The All-share index added just 0.02 percent to 44,358.74.Both ...
Kenyan shares edge up for eighth session in a row NAIROBI: Kenyan shares nosed ahead for the eighth straight session on Friday, lifted by foreign investors buying of large-cap stocks, while the shilling held steady.The benchmark NSE-20 share index rose 0.3 percent to 4,749.32 points, and has recouped 2.17 percent after a two-week dip when investors booked gains after half-year results.Gains in a few big stocks, namely Safaricom and EABL - together more than 30 percent of the entire market, have pushed the NSE-20 up. ...


Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln