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South African stocks edge lower, Sasol under pressure JOHANNESBURG: South African stocks ended slightly lower on Wednesday, with Sasol taking the most points off the index after the petrochemical giant said it was preparing to cut its dividend payouts.Sasol topped the decliners' list on the benchmark Top-40 index, falling 5.95 percent to 444.97 rand. The stock earlier dropped as much as 11 percent. Traders' views that valuations are stretched after the stock market hit a chain of record highs last week weighed on the overall sentiment."From a relative perspective a number of sectors on the market continue to be fairly elevated when appraising short-term technical indicators," brokerage house Imara SP Reid said in a note. The JSE Top-40 index was down 0.53 percent at 46,465 and the broader All-share index was off 0.56 percent at 52,536. Woolworths Holdings, which has gained nearly 15 percent so far this year, ended down 2.9 percent at 88.50 rand and Life Healthcare ...

Ooredoo Oman recommends 0.038 rials/share dividend for 2014 DUBAI: Ooredoo Oman has recommended a dividend of 0.038 rials per share for 2014, the telecom operator said in a statement on Wednesday, the same as its payouts for the previous four years.The company, majority-owned by Qatar's Ooredoo, in January reported an annual profit of 37.9 million rials ($98.45 million) for 2014, up from 33.14 million rials a year earlier.Ooredoo Oman paid 0.038 rials per share for each financial year from 2010 to 2013 inclusive, ...
South African shares knocked off record perch as mining sector dips JOHANNESBURG: South African shares ended in the red on Tuesday after hitting an all-time high during the day when stocks in mining companies tumbled on weaker metal prices.Shares in Africa's biggest bullion producer Anglogold Ashanti fell the most, slipping 4.54 percent to 138.30 rand as the spot price of gold fell 2.1 percent, its lowest level since Jan. 8.Gold and silver hit a one-month low on signs that Greek banks will continue to get emergency ...
Gulf markets consolidate; Egypt extends loss DUBAI: Gulf stock markets consolidated on Tuesday after seesawing in line with oil prices over the last few days, while Egypt pulled back further, having previously outperformed most markets in the Middle East. Brent crude traded near $62 per barrel on Tuesday as the International Energy Agency warned of supply risks in the Middle East, although some analysts said that prices had risen too far from six-year lows hit in January. The main Saudi stock ...
Saudi Arabia gains as oil firms; Egypt slips DUBAI: Saudi Arabia's stock market rose in early trade on Tuesday as oil prices resumed their rally, while Egypt edged down after major industrial player Ezz Steel reported disappointing earnings.Brent crude traded near $62 per barrel on Tuesday as the International Energy Agency warned of supply risks in the Middle East, although some analysts said that prices had risen too far from six-year lows hit in January.The main Saudi stock index rose 0.9 percent, partly ...
Gulf markets may consolidate, background mixed DUBAI: Gulf stock markets may consolidate on Tuesday against a mixed global background after seesawing in line with oil prices in the last few sessions.Oil edged up in Asian trade on Tuesday, but some analysts warned prices had risen too far and could face a downward correction.Meanwhile, Asian share markets slipped as talks between Greece and euro zone finance ministers broke down after Athens rejected a proposal to request a six-month extension of its international ...
Gulf markets retreat on oil, Q4 results and dividends DUBAI: Dubai and Egypt fell on Monday ahead of a new dual listing on both markets by Orascom Construction and other Gulf stock exchanges were also weak after an oil rally stuttered. Brent crude, which surged at the end of last week, was nearly flat by 1000 GMT when most Gulf markets closed, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession. But crude edged up ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

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