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Egypt stock rallies on; GB Auto soars again DUBAI: Egypt's stock market extended gains in a broad rally on Tuesday after positive news from local companies.The Cairo index rose 1.6 percent as most stocks were in the black. GB Auto, the country's biggest listed vehicle assembler and distributor, led gains as it surged its daily 10 percent limit for the second day in a row.The firm's chief executive told Reuters last week that it was working on a rights issue and planned to invest $1.5 billion to build two new factories. On Monday, the firm said the rights issue would be worth 960 million Egyptian pounds ($134 million).Property firm Medinet Nasr Housing jumped 5.0 percent after reporting a block trade in its shares. At 152,790 shares, the trade represented a stake of less than 0.08 percent.However, it followed an announcement in late December of a bigger deal in which Beltone Investment Group increased its stake in Medinet Nasr ...

Gulf markets edge down as oil drops; Saudi banks strong DUBAI: Gulf stock markets ran out of steam on Monday after several strong sessions as oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks.Brent crude traded below $49 after analysts at Goldman Sachs cut their average forecast for the benchmark in 2015 to $50.40 a barrel from $83.75.Saudi Arabia's stock index slipped 0.1 percent as shares in petrochemicals giant Saudi Basic Industries fell 1.9 percent; petrochemical industry ...
Gulf markets give up gains on oil; GB Auto soars in Egypt DUBAI: Gulf stock markets gave up early gains on Monday after oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks. Brent crude traded below $49 after analysts at Goldman Sachs cut their average forecast for the benchmark in 2015 to $50.40 a barrel from $83.75. Saudi Arabia's stock index slipped 0.1 percent as shares in petrochemicals giant Saudi Basic Industries fell 1.2 percent.However, Saudi Hollandi Bank jumped ...
Kenyan shares rise while shilling holds steady NAIROBI: Kenyan shares edged up on Friday after a sluggish week marked by thin trading volumes caused by the introduction of a new capital gains tax, while the shilling was almost unchanged against the dollar.The NSE-20 rose 0.5 percent to close at 5,121.76 points. Traders said the market was trying to compensate for very thin volumes earlier in the week, after activity was curbed by the 5 percent tax that came into force this year.Kenya's ...
Egypt bourse suspends GB Auto shares on rights issue news CAIRO: Egypt's stock exchange on Thursday suspended trading in shares of GB Auto, the country's biggest listed vehicle assembler and distributor, until it provides more information to the market about its planned rights issue. GB Autos told Reuters on Tuesday it was working on a share issue to boost its capital by 1 billion Egyptian pounds ($139.86 million). Chief Executive Raouf Ghabbour said he expected the capital increase to take place in April 2015. Ghabbour ...
Gulf markets extend gains as oil firms DUBAI: Gulf stock markets rose in early trade on Thursday after oil rebounded slightly from its Wednesday low and global bourses rose.Supported by a fall in U.S. crude oil inventories, Brent futures traded above $51 per barrel on Thursday after briefly dropping below $50 in the previous session.Dubai's equities index rose 2.4 percent as almost all stocks gained.Shares in bourse operator Dubai Financial Market surged 6.0 percent after economy minister Sultan bin Saeed al-Mansouri said ...
Dubai leads gains as Gulf markets rebound DUBAI: Most Gulf stock markets rebounded on Wednesday after suffering sharp losses earlier in the week because of the renewed slide in oil prices.Brent futures have fallen more than 10 percent this week to their lowest levels since the spring of 2009, and briefly dropped below $50 per barrel on Wednesday.However, some investors have decided that Gulf equities are oversold and have now returned to the markets as buyers, temporarily at least.Saudi Arabia's main index ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln