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Middle East & Africa


Saudi stock index stalls at chart barrier; Amer soars in Egypt DUBAI: Saudi Arabia's stock market stalled early on Monday after previously bumping up against recent highs, while real estate stocks lifted Egypt where Amer Group, a major player in the sector, surged.The Saudi stock index, which had risen sharply in the past several days on the back of rebounding petrochemical stocks, edged down 0.2 percent to 7,810 points in the opening minutes. It faces a chart barrier at 7,812-7,953 points, its highs in September and at the end of August. Leading petchem Saudi Basic Industries slipped 0.6 percent and National Commercial Bank, the kingdom's largest bank by assets, fell 0.5 percent after it posted a net profit of 1.99 billion riyals in the three months to Sept. 30. Analysts polled by Reuters had on average forecast NCB would make 2.23 billion riyals. But telecommunications operator Mobily jumped 3.7 percent and was the second most heavily traded stock as it resumed ...

Gulf surges on strong oil, bank earnings; Egypt up DUBAI: Major Middle East stock markets rose on Wednesday as a leap in oil prices boosted petrochemical and energy-related shares across the region.Egypt ended a three-day losing streak as emerging markets gained globally.Brent crude jumped 5.4 percent on Tuesday, closing above $50 a barrel for the first time in a month, and rose further to $52.90 during the Gulf day on Wednesday.The US Energy Information Administration predicted in a report that global oil demand would ...
Gulf stocks dive in Q3 on oil slump, China jitters KUWAIT CITY: Share prices in the energy-rich Gulf states plunged 10.9 percent in the third quarter, driven lower by a slump in oil revenues and by jitters over the state of the Chinese economy.All seven stock markets ended lower, not only for the quarter but on the 2014 close, with the heavyweight Saudi bourse leading the slide. Their combined market capitalisation dived $120 billion (107 million euros) to $980 billion, according to the Arab Monetary ...
UAE markets edge down in thin trade DUBAI: United Arab Emirates stock markets edged down in thin trade on Sunday as they reopened after a break for Eid Al-Adha, with no major corporate news to move shares and the global market environment slightly negative.The Dubai stock index slipped 0.6 percent in its lowest daily trading volume since April 2013, with many investors still on holiday. Activity focused on smaller-capitalised, low-priced stocks favoured by local retail investors rather than institutions.GFH Financial Group, the ...
Sluggish growth hits South Africa's rand, stocks firm JOHANNESBURG: South Africa's rand weakened on Wednesday after the South African Reserve Bank said the domestic economic outlook has deteriorated, while stocks ended a three-day losing run as advancing commodity prices lifted mining shares. The rand hit a session low of 13.8430 to the dollar, its weakest since Sept. 9, and was trading at 13.8275 by 1551 GMT, down 1.1 percent from New York's close. Government bonds remained range-bound despite large currency swings. Yields on ...
South African stocks at 4-week high, rand weakens before Fed JOHANNESBURG: South African stocks rose on Thursday, lifting the benchmark index to its highest level in more than a month as traders bet against an interest rate increase in the United States. Investors have dumped emerging market assets in anticipation that US rates could start rising in September, but those expectations have now largely been pushed back to December. "We don't think the Fed is going to hike, but tomorrow's market moves will all be ...
SABMiller leads S.African shares higher, rand firms JOHANNESBURG: South Africa's stocks rose on Wednesday, reaching a 4-1/2 week high with SABMiller surging after news that AB InBev was to make an offer to acquire the British firm, while the rand firmed on better-than-expected retail data. Johannesburg-listed SABMiller, the world No.2 brewer, led the gainers as it jumped by 18.35 percent to 739 rand on an offer which could see its rival gunning for presence in Africa, as well as Asia and Latin ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln