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South Africa stocks advance as Bidvest jumps JOHANNESBURG: South African stocks ticked higher on Monday, as Bidvest Holdings advanced after the industrial conglomerate said it could list its food unit in London, a potential windfall for investors.But gains were limited by concerns Johannesburg stocks are overheated after a series of record highs this year and worries about lacklustre growth in Africa's most developed economy."We're quite fully valued across the board," said Abri du Plessis, a portfolio manager at Gryphon Asset Management in Cape Town. "We'll probably have to steel ourselves for another year of less-than-great profits."The benchmark Top-40 index finished up 0.27 percent at 45,752, while the broad All-Share index added 0.3 percent to 51,113.Both indices have repeatedly hit record levels this year.The Top-40 is hovering at a price-to-earnings ratio of 18.3, making it the fifth-most expensive of 27 emerging stock markets indices, according to Thomson Reuters data.Bidvest, a conglomerate that spans shipping to office furniture, said ...

Property stocks lift UAE markets, Emaar surges again DUBAI: Property firms, led by Dubai's Emaar Properties which said on Sunday that it would float its malls unit in September, lifted stock markets in the United Arab Emirates in early trade on Monday. Shares in Emaar, the biggest listed developer in Dubai, surged 6.7 percent on strong volume and dominated trading in the emirate. Dubai's main index rose 1.9 percent. The initial public offer of Emaar's malls and retail unit will be one of ...
Dubai's Emaar may rise further, most markets bullish DUBAI: Emaar Properties, Dubai's largest listed developer, may rise further on Monday after surging in the last session on news that the company will float its malls unit in September, while other regional markets also look positive. The stock jumped 8.8 percent to 11.15 dirhams on Sunday, its highest close since March 2008, rising above resistance at 11.10 dirhams, its May peak. A higher close on Monday would confirm a break of this resistance and ...
UAE, Qatar rebound, Emaar surges on malls unit IPO plan DUBAI: Bourses in the United Arab Emirates and Qatar rebounded in early trade on Sunday and Dubai developer Emaar Properties surged after the firm said it would launch an initial public offer for its malls unit next month.Stock markets in both countries dipped in the last session as passive funds tracking MSCI's frontier market index liquidated part of their holdings in UAE and Qatari stocks.MSCI upgraded the UAE and Qatar from frontier to emerging market ...
Foreign selling weighs on Qatar, UAE markets DUBAI: Qatar's bourse dropped sharply on Thursday as selling by retail investors and frontier market funds more than offset inflows related to the country's increased weighting in MSCI's emerging market index.The Doha index fell 3.1 percent, its biggest daily decline since February 2011. Mobile phone operators were hit hardest: shares in both Ooredoo and Vodafone Qatar tumbled their daily 10 percent limits.Islamic lenders Masraf Al Rayan and Qatar Islamic Bank dropped 7.8 and 4.4 percent ...
Kenyan shares eke out meagre gains, shilling stable NAIROBI: Kenyan shares nudged slightly higher on Thursday driven largely by Centum Investment and Kenya Power, while the shilling was steady for a second day.The benchmark NSE-20 share index added 0.3 percent to close at 5,089.16 points, staying close to seven-month highs reached at the start of this month.Shares in the investment and power companies helped to keep the bourse in positive territory and were largely taken up by foreign investors."The two shares did well, ...
Most markets dip on profit-taking DUBAI: Stock markets in the United Arab Emirates, Qatar and Egypt edged down in early trade on Thursday as investors booked profits after strong gains this week.Dubai's bourse fell 1.0 percent with most stocks in the red. Builder Arabtec, which dominated trading, dropped 2.3 percent to 4.68 dirhams, even though its biggest shareholder and former chief executive Hasan Ismaik said on Wednesday the stock was worth over 5 dirhams. Investors may have been disappointed by ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln