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South African stocks down as growth worries linger JOHANNESBURG: South African stocks fell sharply on Wednesday with losses across the board as a drop in global equities and worries about growth prospects for Africa's largest economy pushed the bourse down from record highs reached a week ago.Financial services group MMI Holdings was the biggest loser on the Johannesburg's All-Share index, plunging 9.16 percent to 24.01 rand after the company said it would feel the pinch of consumers tightening their purse strings.Market sentiment has been soured by weaker-than-expected growth data released on Tuesday, which sent the rand to four-year lows against the dollar.Signs of strength in the US economy fanned fears the Federal Reserve may soon begin tapering its massive stimulus programme, which sent global markets down and hurt investor sentiment in South Africa.South Africa's benchmark Top-40 index fell 1.89 percent to 36,739.42, while the broader All-Share index was down 1.76 percent to 41,233.07."With a lower GDP or growth ...

Kenyan shares extend fall, shilling steady NAIROBI: Kenya's main share index fell for the seventh straight session to a four-week low, weighed down by profit taking after a post election rally, while the shilling was steady. The benchmark NSE-20 share index fell 0.6 percent to 4,839.49 points, a level last reached on March 27. The index has declined about 4 percent since April 11, mainly due to investors taking profits following a 12 percent rally that followed a largely peaceful election. ...
Saudi Yansab's Q1 net profit down on lower sales, tops forecasts KHOBAR: Saudi Yanbu National Petrochemical (Yansab) posted a 7.4 percent drop to 667.07 million riyals ($177.88 million) in net profit for the first quarter on Saturday, beating analysts' expectations of 577.46 million. Yansab, an affiliate of Saudi Basic Industries Corp (Sabic) , attributed the decline in profits to "lower production and sales" because of maintenance at its ethylene glycol unit. Copyright Reuters, 2013 ...
Stocks rise on Japan's liquidity surge, oil slips NEW YORK: World equity markets rallied for a fourth day on Thursday, lifted by a surprise drop in Americans seeking unemployment benefits last week, while crude fell on a cut in global demand forecasts as US oil supplies hit a two-decade high.Japan's aggressive monetary easing and signs of a growing recovery in China also lifted equity markets, with the Dow Jones and S&P 500 stock indexes setting new closing record highs.The 42,000 drop in initial ...
Wealth fund backed Qatar investment firm to offer shares in May DUBAI: A new $12 billion Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the tiny Gulf state to share its riches with local citizens and institutions.Doha Global Investment Co, will have a total capital of 45 billion riyals ($12.36 billion), 50 percent of which will be in the form of paid-up capital, according to a statement from Hussain Ali ...
Saudi Aramco, Dow petchem venture launches sukuk sale DUBAI: Sadara Chemical Company, a joint venture between Saudi Aramco and Dow Chemical, launched an Islamic bond sale that could raise at least $1.4 billion to finance a large petrochemical complex in the east of the kingdom.The $19.3 billion facility, located at Jubail Industrial City in Saudi Arabia's Eastern Province, will be the world's largest chemical complex ever built in a single phase.Sadara may increase the size of the planned sukuk to $2.5 billion depending ...
Kenyan shares surge to 4-1/2 year high on peaceful vote NAIROBI: Kenyan shares surged 3 percent to a four-and-half-year high on Monday as investors bought into stocks after a peaceful vote outcome over the weekend, while the shilling firmed against the dollar.Uhuru Kenyatta, the son of Kenya's founding president, won the presidential election with 50.07 percent of the vote, the country's election commission said on Saturday, which was just enough to avoid a run-off after a race that had divided the nation.The results, and the ...

 



 
Index Closing Chg%
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln