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Middle East & Africa


Saudi stock index tumbles below chart support DUBAI: Saudi Arabia's main stock index sank below major technical support on Monday amid heavy selling of petrochemical and resource-related shares. After plunging 6.9 percent on Sunday, the index slowed its decline in early trade on Monday. But by mid-afternoon heavy selling pressure had resumed, with the index dropping 6.8 percent to 6,957 points, below major chart support on its December low of 7,226 points. Saudi Basic Industries Corp, the biggest petrochemical producer, lost 6.8 percent while the petrochemical sector index plunged 8.1 percent. The sector's earnings are directly linked to falling global oil prices. Miner Ma'aden, which rose in early trade, was down 7.4 percent. Copyright Reuters, 2015 ...

South African stocks drop, retailers and financials tumble JOHANNESBURG: South African stocks ended lower on Monday, dragged down by retail and financial sectors that offset strong gains by gold producer AngloGold Ashanti .South African financial services group RMB Holdings was the worst performer on the Johannesburg Securities Exchange's Top 40 Index, falling 2.79 percent to 65.75 and.Shares in South African fashion-value retailer Mr which sells clothing and homeware, fell 2.66 percent to end at 232.39 rand.Investors also sold off shares in Telkom after ...
Gulf markets slip on oil price concerns, Q2 results DUBAI: Most Middle East stock markets edged down on Thursday as a brief rebound in oil prices failed to improve investor sentiment and a series of disappointing earnings announcements dragged down bourses in the United Arab Emirates.Saudi Arabia's main index slipped 0.3 percent, with most stocks giving up early gains and sliding into negative territory.The kingdom's biggest listed foodmaker, Savola Group , edged down 2.6 percent and National Commercial Bank, the largest Saudi Arabian lender, ...
Gulf markets mixed as banks rise, oil prices retreat DUBAI: Gulf stock markets were mixed on Tuesday, with some lifted by bank stocks and others weighed down by stocks losing early gains due to a renewed decline in oil prices, dashing hopes of a sustained rally.Oil fell on Tuesday after China devalued the yuan in an effort to prop up economic growth, weighing on the outlook for oil demand in the world's top energy consumer.In addition, OPEC on Tuesday raised its forecast for 2015 ...
Kenya's KenolKobil lifts stocks, shilling firms NAIROBI: Kenya's main share index rose for a third straight session to close 0.8 percent higher, while the shilling held steady, helped by a liquidity crunch in the domestic money markets.Oil marketer KenolKobil rose 3.4 percent to close at 9.00 shillings a share, after the company which has a regional footprint posted a 69 percent rise in first half pretax profit to 1.35 billion shillings."KenolKobil has performed well," said a research analyst at Sterling Capital, ...
South African stocks break two-day losing streak on metals rally JOHANNESBURG: South African stocks rose on Tuesday led by mining firms such as Harmony Gold and AngloGold Ashanti as the devaluation of the currency of top consumer China pushed the risk-averse bullion higher. China unexpectedly devalued its yuan currency after a run of poor economic data, sending shares and global currencies lower. Gold prices rose 1 percent to a three-week high as investors sought safety from volatile currency and stock markets.This benefited AngloGold, Africa's top ...
Gulf sentiment may remain negative as oil extends losses DUBAI: Gulf stock markets may stay under pressure on Sunday after oil prices fell further, with no major corporate news to offset the negative background.Crude oil dipped on Friday, plumbing multi-month lows and posting a sixth straight week of losses, as the approaching end of the U.S. summer driving season suggested a growing surplus in gasoline supply.Brent settled down 91 cents, or 1.8 percent, at $48.61 a barrel. It was down 7 percent for the ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln