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Dubai may rally further; Saudi market nears chart support DUBAI: Dubai's stock market looks likely to continue recovering on Monday from last week's slide as retail investors are back in the market, while Saudi Arabia's bourse may test chart support after a few days of profit-taking. The Dubai index added 0.6 percent on Sunday and local retail investors were the main buyers, according to bourse data.The benchmark fell 3.1 percent last week as the same category of investors cashed out to prepare for the initial public offer of Emaar Malls Group (EMG). Subscriptions for shares in EMG, a subsidiary of Dubai's largest listed developer Emaar Properties, opened on Sunday and the sale could raise up to $1.58 billion. Meanwhile, shares in Dubai-listed National Central Cooling Company (Tabreed) may rise after the company said on Sunday it had secured a contract to provide cooling infrastructure for the new Dubai Parks and Resorts development.Elsewhere in the United Arab Emirates, Abu Dhabi's ...

Emaar lifts Dubai after launching malls unit IPO DUBAI: Dubai developer Emaar Properties lifted the emirate's bourse on Sunday after announcing the price range for the initial public offer of its shopping malls unit, while profit-taking in Egypt continued despite positive economic news.The Dubai index rose 0.6 percent as Emaar, the largest listed developer in the emirate, added 2.3 percent. The benchmark fell 3.1 percent last week as investors cashed out to prepare for the IPO of Emaar's subsidiary.Emaar said on Sunday, as ...
South Africa stocks lower, but Steinhoff shines JOHANNESBURG: South African stocks inched lower on Thursday, as a solid performance by furniture retailer Steinhoff International was offset by a sharp fall in Vodacom after Credit Suisse cut its rating on the mobile operator.Steinhoff rose 2.2 percent to 53.80 rand, helped by news that three of its directors - including one of South Africa's best known businessmen, retailing tycoon Christo Wiese - had increased their stakes in the company."When directors are dealing like that, ...
UAE markets rebound; Saudi, Egypt pull back DUBAI: Stock markets in the United Arab Emirates rebounded on Thursday after a pull-back related to the upcoming initial public offer of Emaar Properties' malls unit, while bourses in Egypt and Saudi Arabia slid on profit-taking.The Dubai index closed 1.0 percent higher after falling as much as 2.1 percent at one stage. The benchmark dropped 3.4 percent in the previous session as local retail investors sold off stocks in order to raise cash for the ...
Dubai investors continue cashing out ahead of large IPO DUBAI: Investors in Dubai continued to accumulate cash in early trade on Thursday ahead of the $1.4 billion initial public offer of Emaar Malls Group, a subsidiary of Emaar Properties, the largest listed developer in the emirate. The Dubai index fell 1.3 percent as most stocks were in the red. Emaar itself was the main drag, falling 1.8 percent as its shares no longer entitled their holders to priority allotment in the malls unit's IPO. ...
Dubai may remain under pressure ahead of Emaar Malls IPO DUBAI: Dubai's bourse may remain under selling pressure on Thursday as investors prepare for the $1.4 billion initial public offer of Emaar Malls Group, a subsidiary of Emaar Properties, the largest listed developer in the emirate. The Dubai index fell 3.4 percent in the last session as local retail investors cashed out in order to take part in the IPO. Emaar plans to sell a 15 percent stake in its unit and allocate about 30 ...
Dubai stocks drop on Emaar Malls IPO, most markets slip DUBAI: Dubai's bourse fell sharply on Wednesday as investors accumulated cash for the upcoming initial public offer of Emaar Properties' malls unit, while most other markets in the region slipped.The Dubai index fell 3.4 percent after dropping as much as 4.4 percent at one stage. Emaar itself lost 2.7 percent. In one of the largest equity sales in the Middle East since 2008, the company plans to float its unit Emaar Malls Group this month ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln