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Middle East & Africa


South Africa's stock market trade resumes after network glitch JOHANNESBURG: South Africa's Johannesburg Stock Exchange (JSE) said trade had resumed after a system failure caused a two-hour stoppage on Monday.The bourse said it had reopened its auction call session at 11:00 am (0900 GMT) and continuous trading would resume at 11:30 am."The JSE has resolved the network issue and clients should now be receiving multicast data on both the A and B feeds," it said in a statement.The JSE has been hit by problems with the connection between Johannesburg and London in recent years, sparking system glitches that forced trading to stop several times. One network meltdown in 2010 caused a six-hour halt.In 2012, the bourse launched a revamped trading platform to woo more business from hedge funds. The new system is based in Johannesburg, unlike its predecessor that was housed in London.With a market value of nearly $900 billion, the JSE is Africa's deepest and most sophisticated equities ...

Dubai rises; Waha Capital jumps on buyback plan DUBAI: Dubai's stock market continued its recovery in early trade on Monday from last week's slide, while Abu Dhabi's Waha Capital surged after saying it planned a share buyback. The Dubai index added 0.9 percent as most stocks rose. Emaar Properties, which on Sunday opened subscriptions for the $1.58 billion initial public offer of its malls unit, was the main support, gaining 0.4 percent. Cashing out by retail investors in preparation for the IPO was ...
South Africa's stock market delays open on network problems JOHANNESBURG: South Africa's Johannesburg Stock Exchange was experiencing a network connectivity problem that had delayed the start of trade on Monday, it said in a statement, adding that this required a reboot of one of its trading switches. "Some equity market clients may lose connectivity temporarily. Please note this will not affect any other market connectivity as only the equity market operates through this trading network," it said. Copyright Reuters, 2014 ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln