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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. NCB will sell 15 percent of its shares to the public and place a further 10 percent with a state fund, it said on Sunday.The IPO is expected to be one of the largest ever in the Gulf region.The bourse was closed for Saudi Arabia's National Day on Tuesday. The country's public sector is expected to shut down for all of next week and perhaps some of the following week to celebrate Eid al-Adha and ...

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 ...
Mideast stocks mostly flat in early trade, Egypt pulls back DUBAI: Most markets in the region moved very little in early trade on Monday as bourses in the United Arab Emirates and Qatar consolidated after one-off foreign fund inflows.S&P Dow Jones has upgraded the UAE and Qatar to emerging market status from Monday and funds tracking its benchmark moved into both markets at the end of last week, causing an upswing, which was followed by a pull-back in the last session.Some stocks from the region ...
Saudi Arabia's bourse may weaken ahead of NCB IPO DUBAI: Investors in Saudi Arabia may start selling stocks on Monday and setting aside cash for the upcoming initial public offer of National Commercial Bank (NCB) after the lender said it would launch the subscription next month.NCB is Saudi Arabia's largest bank by assets and the offer, in which it plans to sell 15 percent of shares to the public and place a further 10 percent with a state fund, is expected to be one ...
South Africa stocks end lower as commodities weigh JOHANNESBURG: South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although other sectors were propped up by global market relief over the outcome of Scotland's referendum. Shares on the back foot included iron ore producer Kumba , which shed 1.15 percent. Bullion producers were also under pressure as the precious metal was poised for its third straight weekly drop in the face of dollar ...
UAE, Qatar up on FTSE index review; Medinet Nasr lifts Egypt DUBAI: An influx of foreign funds due to changes in some FTSE indexes boosted stock markets in the United Arab Emirates and Qatar on Thursday, while Egyptian real estate developer Medinet Nasr surged after announcing an ambitious sales target.Dubai's main index rose 2.3 percent as Emaar Properties, the emirate's largest developer, jumped 5.0 percent to 11.60 dirhams.Emaar had peaked at 12.00 dirhams this month after announcing the launch of the initial public offer of its ...
UAE, Egypt edge up; Qatar slips after index rejig DUBAI: Bourses in the United Arab Emirates and Egypt edged up in early trade on Thursday on the back of property and banking stocks, while Qatar's index pulled back after the stock exchange announced changes to the benchmark. Dubai's main index rose 0.9 percent, supported by blue chips Emaar Properties and Dubai Islamic Bank, up 2.3 and 1.3 percent respectively. Emaar came under pressure earlier this week as retail investors sold some of their holdings ...

 



 
Index Closing Chg%
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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 23, 2014
Reserves $13.465 bln