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Second-tier stocks boost Saudi, Egypt soft DUBAI: Second-tier stocks boosted Saudi Arabia's bourse in early trade on Thursday as oil prices rebounded from an overnight tumble, while Egypt's stock index continued to pull back after breaking technical support.Brent oil slid about 3 percent to below $54 a barrel on Wednesday but by the time the Saudi market opened on Thursday it had recovered to nearly $56, heartening investors who have been taking the oil price as their main cue in recent months.The Saudi stock index rose 0.8 percent soon after the opening with Middle East Specialized Cables, which had plunged in the previous three days, climbing 1.9 percent in heavy trade.Tabuk Agricultural Development gained 2.0 percent, and Axa Cooperative Insurance soared 8.6 percent.Among blue chips, Saudi Electricity Co rose 1.5 percent. It has gained sharply in the last few days after Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy ...

South African stocks snap 4-day winning run, Lonmin under pressure JOHANNESBURG: South African stocks ended a touch lower on Wednesday, breaking a four-day winning streak, with Lonmin topping the decliners' list on Glencore plans to divest its stake in the platinum mining firm. Commodities trader Glencore said it plans to distribute its 23.9 percent stake in the world's third-largest platinum producer to shareholders."What this does is create an overhang, potential sellers of the shares, that is why the Lonmin share price is down," said Sasha ...
South African stocks snap 4-day winning run, Lonmin under pressure JOHANNESBURG: South African stocks ended a touch lower on Wednesday, breaking a four-day winning streak, with Lonmin topping the decliners' list on Glencore plans to divest its stake in the platinum mining firm.Commodities trader Glencore said it plans to distribute its 23.9 percent stake in the world's third-largest platinum producer to shareholders."What this does is create an overhang, potential sellers of the shares, that is why the Lonmin share price is down," said Sasha Naryshkine, ...
Oil, dividends weigh on Saudi Arabia; Egypt stock also slips DUBAI: Weak oil prices and disappointing dividends dragged down Saudi Arabia's stock market in early trade on Wednesday while Egypt edged down in a broad pull-back.Brent crude dropped by $1.91 in the previous session as the International Energy Agency warned that ample global production would swell world inventories before investment cuts began to dent output significantly. Oil edged up on Wednesday, but its gains were small compared with Tuesday's loss.Saudi Arabia's main equities index fell ...
South African stocks rise for 4th straight session, Mondi in demand JOHANNESBURG: South African stocks eked out modest gains on Tuesday, rising for the fourth straight day, with Mondi hitting a record high after the paper maker issued an upbeat profit outlook.Mondi said annual profit likely rose by as much as 11 percent, prompting brokerage house Jefferies to reaffirm a "buy" rating on the stock for 2015. Shares in the company, which is also listed in London, peaked at 217.77 rand before giving up small gains ...
Gulf markets pull back slightly on debt rating cuts, oil DUBAI: Gulf stock markets pulled back slightly on Tuesday after oil prices slipped and Standard and Poor's cut credit ratings and outlooks for several countries in the region.Brent crude slipped more than 1 percent early on Tuesday after the International Energy Agency said the United States would remain the world's top source of oil supply growth until 2020.Meanwhile China's consumer inflation, which came in at a five-year low for January, raised worries about oil demand ...
Saudi Arabia edges down after credit outlook cut; Egypt resumes rally DUBAI: Saudi Arabia's stock market edged down in early trade on Tuesday after oil prices slipped and Standard and Poor's revised to negative its outlook on the kingdom's credit rating.Brent crude dropped 1.2 percent to $57.63 per barrel by 0835 GMT as the International Energy Agency said the United States would remain the world's top source of oil supply growth until 2020, defying expectations of a more dramatic slowdown in shale output growth.Also, China's consumer ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
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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