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Middle East & Africa


South Africa stocks fall again, rand hits exporters JOHANNESBURG: South African stocks fell for a second straight session on Friday as a firmer rand hit exporters such as Impala Platinum while paper producer Sappi fell sharply after a ratings downgrade. Sappi, the world's largest maker of the fine paper used in glossy magazines, fell over 4 percent to 30.89 rand. Investment bank Credit Suisse cut its rating on the stock to "underperform" from "neutral", citing management's repeated lowering of guidance. The rand gained over 0.40 percent, prompting investors to cash in shares of exporters, some of which are also listed in London. "The rand firming does take some of the shine off our big dual-listed companies and they have a predominate impact on our index levels," said Paul Theron of chief executive officer of asset manager Vestact. The Top-40 index fell 0.75 percent to 39,642.74, moving further away from life highs scaled earlier this month. The All-share index ...

South Africa stocks end flat, 40,000 in sight for Top-40 JOHANNESBURG: South African stocks ended little changed on Friday as equities worldwide remained under pressure on concerns over US budget and debt negotiations.Afgri, which provides services to grain farmers, rose 4.7 percent to 5.81 rand. Just after the market closed, it said it had received a takeover offer of 7 rand a share from private investment company AgriGroupe.The Top-40 index inched up 0.05 percent to 39,774.18. The All-share index added just 0.02 percent to 44,358.74.Both ...
Kenyan shares edge up for eighth session in a row NAIROBI: Kenyan shares nosed ahead for the eighth straight session on Friday, lifted by foreign investors buying of large-cap stocks, while the shilling held steady.The benchmark NSE-20 share index rose 0.3 percent to 4,749.32 points, and has recouped 2.17 percent after a two-week dip when investors booked gains after half-year results.Gains in a few big stocks, namely Safaricom and EABL - together more than 30 percent of the entire market, have pushed the NSE-20 up. ...
Bargain hunters lift most regional market DUBAI: Dubai shares led a regional recovery on Sunday as bargain hunters returned to pick up stocks battered over the last two weeks but the spectre of a possible military strike on Syria ensured trading remained volatile.Dubai's index climbed 1.5 percent, rallying from a two-month low and snapping a four-session losing streak which had seen the bourse lose 10.1 percent of its value.The retail-dominated market continued its recent volatile trading pattern, with investors holding stocks ...
South Africa stocks pull back from record highs JOHANNESBURG: South African shares succumbed to profit-taking on Tuesday, slipping back from a record high set earlier in the session as investors bet recent favourites such as Imperial Holdings had risen too sharply.But losses were limited as the weaker rand currency helped prop up gold firms such as Gold Fields, even in the face of looming strikes.Petrol station and car dealership workers announced a strike for higher wages to start next week, signalling further labour ...
Dubai makes biggest gain in August DUBAI: Dubai's bourse on Sunday posted its largest one-day gain in August as small-caps surged on buying by retail investors, while Egypt rose for a fourth straight session after curfew hours were reduced.The Dubai index jumped 1.8 percent to a new 57-month high of 2,748 points as the market traded 1.29 billion shares, the highest volume since June 2009.Four small-caps hit their daily upward limits of 15 percent: Union Properties, Deyaar Development, Gulf Navigation and ...
Egypt stocks slide 2.5pc on political bloodshed DUBAI: Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood.Cairo's main equities index was down 2.5 percent in the opening minutes to 5,410 points. It fell 1.7 percent last Wednesday, before the market was shut on Thursday because of the violence. Sunday's trading day will be shortened to three hours from four to give ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln