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South African stocks down, Naspers retreats from record high JOHANNESBURG: South African stocks fell for a third straight session on Thursday after a slew of financial results knocked prices of companies such as lender Standard Bank and mining firm Harmony Gold. Shares of e-commerce firm Naspers retreated from a record high hit the previous day, ending down 4.68 percent at 1,365.40 rand. Naspers jumped on Wednesday after China's Tencent, in which it owns over a third, reported higher first-half earnings. The benchmark Top-40 index dipped 0.42 percent to 45,920 while the wider All-share index was down 0.38 percent to 51,073. Standard Bank fell 3.43 percent to 140.85 rand after it took an $80 million hit from its exposure to suspected metal financing fraud in China, wiping out its first-half earnings growth. Harmony, ending 1.23 percent lower at 33.86 rand, fell to a steep fourth-quarter loss because of a 1.4 billion rand ($132 million) write-down on an expansion project. Also ...

Egypt bullish as institutions buy in DUBAI: Egypt's stock market may have a bullish tone on Tuesday as increased institutional involvement suggests the bourse can continue setting new highs. The main benchmark rose 1.3 percent on Monday, its fifth gain in six sessions, to reach a new six-year peak; it closed very near its intra-day high. "Institutions are getting more involved in Egyptian stocks in terms of both volume and value," said Allen Sandeep, director of research at Naeem Holdings in ...
Emaar Q2 may cool Dubai; global environment weak DUBAI: Dubai's stock market may lose steam on Tuesday after second-quarter earnings from property giant Emaar, while a weak global environment may restrain other regional markets. The main Dubai stock index climbed 1.3 percent on Monday as Emaar rose in anticipation of the earnings, gaining 3.1 percent to 10.15 dirhams in its heaviest turnover for a month.After the close it reported quarterly net profit up 28.6 percent to 868 million dirhams ($236 million). That beat ...
UAE markets may reopen with firm tone DUBAI: United Arab Emirates stock markets may reopen with a firm tone on Thursday after three days of Eid holidays, while other major Gulf markets will stay closed until next week.On their last day of trade before the holidays, Dubai's index rose 1.9 percent and Abu Dhabi gained 1.1 percent on strength in banks, after several large ones reported healthy earnings, and property developers.Emaar Properties is expected to announce second-quarter earnings in the next few ...
Mideast stocks blue chips lift Saudi but rally slows DUBAI: Saudi Arabia's bourse edged up in early trade on Wednesday on the back of the blue chips which are seen as most likely to be bought when the market opens to direct foreign investment. But rises slowed after Tuesday's leap.The main Saudi index rose 0.9 percent in the first hour of trade. Petrochemicals giant Saudi Basic Industries (SABIC) added 3.0 percent and Al Rajhi Bank, the largest listed bank, gained 1.5 percent.The benchmark jumped ...
Qatar edges up on bullish property prices; UAE slips DUBAI: Qatar's bourse edged up in early trade on Tuesday after the country's central bank said property prices had climbed to a new peak, while stock markets in the United Arab Emirates slipped.Qatar's benchmark rose 0.7 percent. Property developers Barwa Real Estate and United Development added 2.4 and 2.2 percent respectively.The real estate price index tracked by Qatar's central bank hit a record high in June 2014, jumping 29 percent year-on-year, according to the central ...
Saudi Arabia to open $530bn bourse to foreigners in early 2015 RIYADH/DUBAI: Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.The opening of the Saudi market, capitalised at about $530 billion, is one of the most keenly awaited economic reforms in the world's biggest oil exporter. The bourse would be one of the world's last major exchanges to begin welcoming foreign money."The market ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln