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Middle East & Africa


Gulf markets cautiously positive after oil steadies DUBAI: Most Gulf stock markets were neutral to positive in early trade on Sunday after supportive global and domestic news. Brent crude oil steadied just above $60 a barrel on Friday as expectations of falling US rig count numbers outweighed concerns about oversupply. Equity markets around the world surged to record highs on the same day on the news of the long-awaited Greek debt accord and positive economic data from Europe and the United States Dubai's index added 0.2 percent and builder Arabtec was the most traded stock, climbing 1.0 percent; its subsidiary won 930 million dirhams ($253 million) of contracts in Saudi Arabia's oil and gas industry.Abu Dhabi's bourse stood unchanged and Qatar's benchmark rose 0.3 percent, largely because of Qatar National Bank, which gained 1.4 percent. Kuwait edged down 0.2 percent.Kuwait Projects Company (KIPCO) was flat after posting a 15 percent increase in 2014 net profit, but its ...

Kenyan blue chips snap nine-day winning steak, shilling flat NAIROBI: Kenya's main index snapped a nine-day winning streak on Friday, hurt by profit taking on blue-chip stocks including Kenya Power and East African Breweries (EABL).The shilling was flat.Kenya's stock market has been in a bull run for more than two years, and the benchmark NSE-20 Share Index rose to a six-year peak on Thursday.Kenya Power, the country's sole electricity supplier, lost 3.1 percent to close at 17.05. However, its shares are still up about ...
Political uncertainty hits Nigeria stocks, currency LAGOS: The postponement of Nigeria's general election has hit the country's faltering economy, adding to existing pressures caused by the global fall in oil prices, analysts said.The six-week suspension was granted to give the military more time to secure and stabilise the northeast, which has been under assault by Boko Haram Islamists since 2009.But doubts about whether that goal can be achieved, fears that a further delay may be necessary and suspense over who will ...
Safaricom lifts Kenyan shares to 6-year peak, shilling weakens NAIROBI: Shares in Kenya' biggest telecoms operator Safaricom hit an all-time high on Thursday, pushing the blue chip index to its highest level since 2008.The shilling closed marginally weaker.Safaricom, the biggest stock on the bourse by market capitalisation, rose 1.3 percent to close at 15.15 shillings, its all-time closing high. During intra-day trading, the shares rose to 15.30 shillings before they were pared back.Aly Khan Satchu, an independent trader, said investors are optimistic about the ...
South African stocks end higher, led by Truworths JOHANNESBURG: South African stocks ended slightly higher on Thursday led by Truworths after the retailer posted an increase in half-year profit.Truworths jumped 7.26 percent to 87.42 rand, breaking a three-day losing streak, after the fashion retailer said half-year profit inched up 1 percent.The rally in the stock buoyed other retailers, which have been under pressure in recent months on concerns that consumer spending is diminishing due to high household debt, unemployment and rising energy costs.No-frills ...
Africa's Sibanye Gold ups dividend though headline earnings fall JOHANNESBURG: South African-focused Sibanye Gold reported on Thursday a 60 percent decline in second-half headline earnings per share because of impairments to some operations, investments in a refinery as well as an additional tax payment.The company said headline earnings per share, which strip out certain once-off items, totalled 8 U.S cents from 20 cents in the previous comparable period.Normalised earnings, from which Sibanye's dividends are calculated, edged down 5 percent year-on-year to 1.2 billion rand ...
Kenya Power pushes shares higher, shilling steady NAIROBI: Kenya's main share index rose for an eighth straight session, driven higher by the soaring stock of the country's sole electricity supplier Kenya Power.The shilling was little changed.Kenya Power advanced 5.9 percent to 17.95 shillings. The stock has risen more than 17 percent this year.The power firm reported on Tuesday a 53 percent rise in first half profit on higher sales and tariffs."That's what drove the performance," said Agnes Achieng, a research analyst at ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln