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Markets return to profit-taking ahead of Eid break DUBAI: Most major stock markets in the Middle East fell on Sunday as investors resumed profit-taking ahead of the Eid al-Adha holidays, against a backdrop of large share flotations and falling oil prices.Dubai's bourse led the decline, sliding 1.3 percent with most stocks in the red. Leading real estate developer Emaar Properties fell 0.4 percent after rising as much as 2.6 percent earlier in the session.The firm's subsidiary, Emaar Malls Group (EMG), closed subscriptions for its initial public offer last Friday and is due to announce the final offer price on Monday.Sources familiar with the matter told Reuters last week that the offer's institutional tranche had been subscribed 7.5 times at the top end of the 2.50-2.90 dirham price range, while the retail tranche was subscribed 20 times.That means the IPO, which is expected to raise $1.58 billion, attracted as much as $17.8 billion in total, or a fifth of ...

Egypt's bourse to close Oct 5-8 for Eid holidays CAIRO: Egypt's stock market and banks will close for three days starting on Sunday, Oct. 5 for the Muslim Eid al-Adha holiday and a national holiday, the bourse and central bank said on Sunday.The market is set to reopen on Wednesday, October 8.Copyright Reuters, 2014 ...
South Africa's Top 40 index seen nearly 6pc higher by mid-2015 JOHANNESBURG: South Africa's stock market index will rise going into 2015 but at a slower pace than last year, when it was fuelled by exceptionally stimulative monetary policy and excess liquidity, a Reuters poll showed on Friday. Traders and analysts polled this week are less optimistic about the Johannesburg Top 40 index's future performance than in a similar survey taken a year ago, when markets were awash in cash from the US Federal Reserve. The ...
Dubai's Marka jumps on listing; Saudi Arabia rebounds DUBAI: Dubai's bourse edged down on Thursday as investors focused on the listing of retail and restaurants start-up Marka, while Saudi Arabia's index rebounded from a one-month low and other markets in the region were mixed.Marka shares jumped 59 percent - having doubled in price at one point - as they listed on Thursday in the first flotation on the emirate's main stock market since 2009. They dominated trading volume on the bourse.Dubai's main index, ...
Dubai's Marka may jump on listing, likely to be volatile DUBAI: Shares in start-up Dubai retailer Marka are likely to gain when it lists on Thursday, but they may be volatile as there is little institutional interest in the stock and much retail investor cash is tied up in the initial public offer of Emaar Malls Group. Marka raised 275 million dirhams ($75 million) in April through an initial public offer that was 36 times subscribed at a price of 1 dirham per share - ...
Saudi bourse may remain under pressure ahead of Eid break DUBAI: Saudi Arabia's stock market, which slid in its last session following the announcement of a large initial public offer, may remain under pressure on Wednesday as the kingdom prepares to celebrate the Muslim holiday of Eid al-Adha. The main Saudi index fell 1.2 percent on Monday, its biggest decline in three months, as investors started to set aside cash for next month's flotation of National Commercial Bank (NCB), the kingdom's largest bank by assets. ...
UAE, Qatar may consolidate; Dubai awaits Marka listing DUBAI: Stock markets in the United Arab Emirates and Qatar may consolidate further on Tuesday, with trading volumes depressed in both countries and Dubai investors awaiting the main bourse's first flotation in five years. Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on Thursday.Emaar Malls Group (EMG), a subsidiary of Emaar Properties, will follow on Oct.2. Subscriptions for EMG's $1.58 billion initial public offer will close on ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln