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Middle East & Africa


South African stocks end slightly higher, Sasol in demand JOHANNESBURG: South African stocks ended slightly higher on Monday, led by a sharp rise in heavyweight Sasol as the price of crude oil rose. Sasol, which sells its synthetics fuel at the same price as companies that import and refine crude oil, climbed 6.8 percent to 450 rand.Crude oil prices rose on Monday as investors shrugged off a strike at nine refineries and chemical plants in the United States and focused on a falling rig count in the US that signaled lower production down the line.The benchmark JSE Top-40 index was up 0.17 percent to 45,188 and the broader All-share index was up 0.25 percent to 51,394.The blue-chip index was also supported by mining stocks such BHP Billiton and Anglo American Platinum, which rose 2 percent and 1.8 percent, respectively."The sector continues to exhibit improvement in short-term technical metrics providing potential trading opportunities although the medium-term fundamental outlook needs to ...

Gulf markets mixed as oil pulls back DUBAI: Gulf stock markets were narrowly mixed in early trade on Monday after the Brent oil price fell below $52 per barrel.Dubai's index fell 0.9 percent as most stocks declined; the benchmark had surged 4.5 percent in the previous session.But shares in property developer DAMAC jumped 3.2 percent after it reported an 11 percent rise in fourth-quarter profit on Monday, according to Reuters calculations.Also, lender Emirates NBD added 1.1 percent after rating agency Moody's said ...
Gulf markets surge on stronger oil, big Saudi payout DUBAI: Saudi Arabia's stock market rose sharply on Sunday after King Salman ordered a lavish payout to state employees and oil prices jumped on reports of declining U.S. drilling activity. Most other Gulf markets also climbed in sympathy.The Saudi index jumped 3.0 percent in heavy trade to 9,144 points, breaking above chart resistance on the late December peak at 8,948 points; the next resistance is on the 100-day average, now at 9,436 points.The longer-term technical ...
Big Saudi payout, stronger oil to boost Gulf DUBAI: Gulf equity markets are set to rise sharply on Sunday after Saudi Arabia's new King Salman ordered a lavish payout to state employees and oil prices surged on news of a record weekly decline in U.S. oil drilling activity.Late on Thursday, Salman ordered the immediate payment of two months of bonus salary to all state employees and pension to retired government workers, as well as payments to students.The payout could be worth up to ...
Dubai surges on stronger oil, dividends, Saudi payout DUBAI: Dubai's stock index rose sharply on Sunday after oil prices surged and Saudi Arabia's new King Salman ordered a lavish payout to state employees.The Dubai benchmark jumped 4.5 percent to close at 3,840 points, its biggest daily gain in six weeks. Trading volume also rose in a positive technical sign.Conglomerate Dubai Investments led gains and surged 13.8 percent after it said on Sunday that its board had proposed a higher dividend for 2014: 12 ...
South Africa stocks slide, but retailers advance JOHANNESBURG: South African stocks ended lower on Thursday as a rise in retailers such as Shoprite failed to offset a slide in gold mining houses, which were hit by lower metal prices.Retailers in Africa's most advanced economy were helped, in part, by a central bank decision that signalled rate hikes were unlikely in the near term.The reserve bank left its benchmark rate 5.75 percent on Thursday, in line with expectations. Critically, central bank Governor Lesetja ...
Most markets pull back on weak Q4 results, dividends DUBAI: Saudi Arabia's stock market pulled back on Thursday after gaining strongly earlier in the week, while disappointing dividends and earnings weighed on other Gulf markets.The main Saudi stock index edged down 0.4 percent as some of the stocks which had driven its rally in the last few days retreated. Petrochemicals major Saudi Basic Industries dropped 2.6 percent and Samba Financial Group lost 1.0 percent.Telecommunications operator Zain Saudi dropped 3.4 percent after its Kuwaiti parent ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln