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Egypt's bourse to extend trading hours from August 7 CAIRO: Egypt will lengthen trading hours on its stock exchange and reinstate pre-trading from Aug. 7, it said in a statement on Monday, as it looks to normalise activities following the turmoil of recent years.The trading session will be extended by 30 minutes to four-and-a-half hours, plus half an hour of pre-trading.Share prices will be allowed to move up or down by 10 percent in pre-trading before being suspended in addition to the 10 percent permitted during regular trading, it said - still just half of the 20 percent limit applied before 2011.The financial regulator suspended pre-trading and imposed tighter limits on daily share price moves when the stock market was jolted by the outbreak of street protests in early 2011 that led to the toppling of President Hosni Mubarak.More than two years of civil turmoil followed, scaring off foreign investors and tourists - key sources of income and foreign ...

Dubai set to remain volatile; politics could hurt Bahrain DUBAI: Dubai's stock market looks set to remain volatile on Monday after a sharp drop in the last session, while a setback in reconciliation talks between Bahrain's government and the opposition could weigh on that bourse. The Dubai index tumbled 6.0 percent on Sunday, wiping out most of last week's gains, after Aabar Investments, a key shareholder in construction firm Arabtec, did not confirm a report which said Aabar planned to raise its stake. The ...
Saudi stock earnings disappoint; Arabtec drags down UAE DUBAI: Saudi Arabia's bourse edged down on Sunday after several companies disappointed investors with their second-quarter results, while Dubai's Arabtec triggered a sell-off across the United Arab Emirates.Saudi Arabia's main index slid 0.6 percent in early trade, dragged down mostly by three companies that reported their quarterly earnings before the opening: Saudi Industrial Investment Group (SIIG), Dar Al Arkan and Saudi Basic Industries (SABIC).SIIG tumbled 7.2 percent after its second-quarter profit missed the estimate of ...
UAE markets recover further; earnings, dividends lift Saudi DUBAI: Blue-chip banks and property-related stocks, led by Dubai construction firm Arabtec , lifted markets in the United Arab Emirates on Sunday while earnings reports supported Saudi Arabia's bourse.Dubai's main index jumped 4.4 percent as shares in Arabtec surged their daily 15 percent limit. Among other top gainers were bourse operator Dubai Financial Market and developer Union Properties, up 12.6 and 10.5 percent respectively.Emaar Properties, the emirate's largest listed developer, added 2.0 percent and Dubai ...
Dubai rebounds; emerging stocks at one-year highs LONDON: Shares in Dubai-listed builder Arabtec surged 15 percent on Wednesday on hopes that a strategic investor will take a stake in the firm, lifting regional bourses, while broader emerging stocks hit one-year highs.Strong gains on developed markets boosted MSCI's emerging markets index by 0.8 percent, with Indian stocks posting a fresh record high and Russian markets jumping half a percent after the previous session's losses.The biggest gains were in the Gulf, however, with the ...
Dubai stocks rebound on Arabtec assurances DUBAI: Dubai share prices rebounded strongly Wednesday following a massive slide after leading construction firm Arabtec denied reports it was planning to delist and assured investors over its finances.The Dubai Financial Market (DFM) Index jumped 6.1 percent to close at 4,253 points a day after shedding 6.7 percent on troubles facing Arabtec coupled with a deeper than expected correction, traders said.Arabtec led the recovery as the most actively traded shares on the DFM, which has ...
Dubai drops as Arabtec concerns linger; FTSE impact on Qatar fades DUBAI: Uncertainty about the future of Dubai contractor Arabtec Holding put local investors in a bearish mood on Sunday, affecting the whole market, which ended a three-day gaining streak. Most Gulf markets moved little on declining volumes.Shares in Arabtec tumbled 9.9 percent after failing to hold on to early-session gains and were among the main drags on the Dubai benchmark, which fell 2.3 percent after going up as much as 1.0 percent shortly after the ...


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