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UAE, Egypt edge up; Qatar slips after index rejig DUBAI: Bourses in the United Arab Emirates and Egypt edged up in early trade on Thursday on the back of property and banking stocks, while Qatar's index pulled back after the stock exchange announced changes to the benchmark. Dubai's main index rose 0.9 percent, supported by blue chips Emaar Properties and Dubai Islamic Bank, up 2.3 and 1.3 percent respectively. Emaar came under pressure earlier this week as retail investors sold some of their holdings in order to take part in the initial public offer of the company's subsidiary, Emaar Malls Group. That wave of selling appears to have ended. Abu Dhabi's bourse edged up 0.3 percent. National Bank of Abu Dhabi was the main support, rising 1.0 percent.Shares in investment firm Waha Capital climbed 1.0 percent after its board approved a buy-back of up to 10 percent of outstanding stock. Egypt's benchmark rose 0.7 percent on the back of ...

Waha Capital's buy-back may lift Abu Dhabi; Qatar tweaks index DUBAI: Shares in Abu Dhabi's Waha Capital may rise further on Thursday after its board approved a buy-back of up to 10 percent of outstanding stock, while some companies in Qatar may come under pressure after being dropped from the main index. Waha Capital, an investment firm, said early on Thursday it would repurchase up to 194 million shares, but did not disclose the price it would offer. The stock has already risen 7.5 percent ...
Saudi rises on economic reform plans; better global mood boosts region DUBAI: Saudi Arabia's stock market led the region higher on Wednesday because of optimism over the government's economic reform efforts, while other markets were buoyed by a more positive global mood.The main Saudi index gained 0.8 percent to 11,081 points, with major mining company Ma'aden rising 3.1 percent.The Capital Market Authority said on Wednesday that it would permit off-market trading of shares in companies which had been suspended or delisted from the exchange.There are only ...
South African stocks flat ahead of Fed, Richemont slumps JOHANNESBURG: South African stocks traded sideways on Wednesday as a sharp drop by luxury goods retailer Richemont weighed on a lacklustre market waiting for direction from a key U.S. Federal Reserve statement later in the day.The U.S. central bank is expected to provide clues on the next interest rate move after years of aggressive monetary stimulus.Johannesburg's Top-40 index gave up 0.15 percent to 45,814 and the wider All-share was little changed at 51,173."We are generally ...
South African stocks end slightly lower, Telkom slumps JOHANNESBURG: South African stocks ended a touch lower on Tuesday, in line with major overseas markets ahead of the U.S. Federal Reserve's policy meeting, with Telkom among the worst performers as doubts crept in about its turnaround plan.Telkom dropped 4.7 percent to 55.50 rand, extending its sharp decline to a second day and paring a two-fold increase notched up so far this year.The fixed-line operator is in a middle of a turnaround plan that includes ...
Saudi corporate earnings growth set to jump before bourse opening DUBAI: The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.The combined net profits of Saudi Arabia's leading companies are expected to rise 17 percent in 2014 and a further 11 percent in 2015, largely on the back of petrochemical producers and banks, although a number of companies ...
SABMiller, AngloGold pull South African stocks higher JOHANNESBURG: South African shares climbed on Monday after heavyweights such as the world's second-largest brewer SABMiller and Africa's top bullion producer AngloGold Ashanti helped prop up an otherwise saggy market.Johannesburg-listed shares of SAB ended up almost 10 percent at 668.91 rand after a media report that larger rival Anheuser-Busch InBev was lining up financing for a possible $122 billion takeover bid.The report comes a day after Dutch brewer Heineken said SABMiller had approached it about ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln