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Gulf markets rebound from sharp drops DUBAI: Most Gulf stock markets rebounded on Wednesday after suffering sharp losses earlier in the week because of the renewed slide in oil prices.Brent futures have fallen more than 10 percent this week to their lowest levels since the spring of 2009, and traded near $50 per barrel on Wednesday.However, some investors have decided that Gulf equities are oversold and have returned to the markets as buyers, temporarily at least.Dubai's bourse, which had suffered more than others because it is traditionally volatile and many investors are leveraged, closed 4.4 percent higher at 3,600 points in a broad recovery on strong trading volume. Earlier this week, it fell 8.6 percent.Shares in blue-chip real estate developer Emaar Properties jumped 5.4 percent while builder Arabtec Holding surged 8.9 percent.Most other Gulf markets also rose. Abu Dhabi's index gained 2.6 percent, Qatar rose 0.7 percent and Kuwait edged up 0.4 percent.Saudi Arabia's bourse, which ...

Gulf markets edge up after sell-offs DUBAI: Gulf stock markets followed Saudi Arabia's lead and turned positive in early trade on Wednesday after suffering losses because of oil's renewed weakness earlier this week.Brent futures have fallen more than 10 percent this week to their lowest levels since the spring of 2009, and they approached $50 per barrel on Wednesday. However, even as oil was extending its loss on Tuesday, Saudi Arabia's market, down 4 percent at one point, turned around and ...
Gulf markets may stabilise after heavy losses DUBAI: Gulf stock markets may follow Saudi Arabia's lead and start stabilising on Wednesday after a series of sell-offs triggered by oil's renewed weakness.Brent futures have fallen almost 10 percent this week to their lowest levels since the spring of 2009 and traded below $51 per barrel on Wednesday.However, even as oil was extending its loss on Tuesday, Saudi Arabia's market, down 4 percent at one point, turned around and closed only 0.6 percent lower ...
Gulf shares dive on oil, global stocks rout KUWAIT CITY: Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude. US benchmark West Texas Intermediate for February delivery dropped below the $50 a barrel mark for the first time in more than five and a half years while Brent crude was hovering around $52 a barrel. Since June last year, oil has lost around 55 percent of ...
Gulf markets tumble as oil slides below $53 DUBAI: Gulf stock markets fell sharply on Tuesday as Brent crude extended losses after plunging 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally.Brent crude touched a fresh 5-1/2-year low at $52.28 a barrel on Tuesday on oversupply concerns. MSCI's emerging market index was down 0.9 percent.Saudi Arabia's main index dropped 3.9 percent shortly after opening in a broad sell-off. ...
Gulf mkts tumble as oil slides below $53 DUBAI: Gulf stock markets fell sharply on Tuesday as Brent crude extended losses after plunging 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally. Brent crude touched a fresh 5-1/2-year low at $52.28 a barrel on Tuesday on oversupply concerns.MSCI's emerging market index was down 0.9 percent. Saudi Arabia's main index dropped 3.9 percent shortly after opening in a broad ...
New tax weighs on Kenyan shares, shilling edges down NAIROBI: Kenya's main share index fell on Monday following the introduction of a new capital gains tax, while the shilling inched down on the back of dollar orders by importers resuming business after the holidays.Investors say the 5 percent capital gains tax, which took effect on Jan. 1, could affect investment in property, equities and the country's nascent oil and mining sectors.The NSE-20 share index lost 0.54 percent to close at 5,089.71 points on Monday. ...

 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
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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%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln