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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 bailout programme. Dubai's index dropped 3.3 percent to 3,835 points on Monday after failing to break through chart resistance between 3,960 and 4,008 points, its January and late December highs, respectively.The sell-off was in part driven by Emaar Properties , which tumbled 3.6 percent after surging 4.6 percent a day earlier. Emaar reported a 14 percent rise in fourth-quarter net profit before Monday's session, which may have disappointed some investors but was slightly ahead of ...

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 ...
Kenyan stocks rise as Kenya Power shines, shilling flat NAIROBI: Kenya's main share index rose for a sixth straight session, with the country's sole electricity supplier Kenya Power in demand with investors betting on its growth prospects.The shilling was flat.Shares in Kenya Power rose 3.75 percent, climbing to 16.65 shillings.Agnes Achieng, research analyst at Sterling Investment Bank, said investors were attracted by the long-term prospects for the company at a time when its operating costs are falling and the price of Kenya's electricity is ...
Dubai drops as oil halts rally DUBAI: Dubai's stock market fell sharply in a broad sell-off on Monday after oil's recent rally halted and Emaar Properties, the emirate's biggest listed developer, published results that disappointed some investors. Brent crude was nearly flat by 1000 GMT after surging at the end of last week, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession. Although oil has little direct impact on Dubai's economy, its ...
Gulf markets rise on earnings, stronger oil DUBAI: A stronger oil price, bets on fourth-quarter results and dividends as well as positive news from local companies lifted most Gulf stock markets on Sunday. Oil closed higher for a second straight week on Friday after another drop in the US rig count, with Brent crude hitting a 2015 high above $60 a barrel. The main Saudi index jumped 2.3 percent as petrochemicals giant Saudi Basic Industries Corp, which would benefit from higher oil ...
Petrochemicals boost Saudi on strong oil, earnings DUBAI: Saudi Arabia's bourse rose in early trade on Sunday after oil prices rebounded further at the end of last week; Egypt's market also gained in a broad rally.Oil closed higher for a second straight week on Friday after another drop in the U.S. rig count, with Brent crude hitting a 2015 high above $60 a barrel.Saudi Arabia's main index rose 1.1 percent as most stocks gained.The largest stock on the bourse, Saudi Basic Industries ...
South African stocks hit record, Woolworths earnings lift retailers JOHANNESBURG: South African stocks scaled a fresh record on Thursday partly lifted by strong earnings by Woolworths, which helped boosted the prices of other retailers.Woolworths said its half-year earnings jumped 29 percent, underpinned by sales by David Jones, an Australian retailer it acquired last year."Despite the rand being very weak and at its worst levels, they are still buying stocks in the retailers because of the strong trading updates from the likes of Woolworths," said ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln