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Saudi Arabia, Egypt stocks pull back as oil slides DUBAI: Stock markets in Saudi Arabia and Egypt fell in early trade on Monday as both markets saw broad sell-offs against a weak global background.The main Saudi index fell 1.2 percent shortly after opening with most stocks in the red. Shares in heavyweight Saudi Basic Industries (SABIC) were also down 1.2 percent.Brent crude fell more than $1 to near $78 a barrel on Monday following news that Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon.Although there is no strong correlation between oil prices and the performance of most Saudi stocks, cheaper crude may hurt the quarterly results of petrochemical firms such as SABIC by devaluing their inventories.Global stock markets were also weak. The pan-European FTSEuronext 300 index slipped 0.3 percent by midday.Egypt's market edged down 0.3 percent as investment bank ...

Saudis to open stock market to foreigners before April RIYADH: Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq al-Awsat newspaper reported on Monday, quoting unnamed sources.In August, the Capital Market Authority proposed rules for opening the market to direct investment sometime in the first half of 2015, including a 10 percent cap on combined foreign ownership of the market's value. At present, foreigners are limited to investing indirectly through swaps and exchange-traded funds.Under ...
Nigerian stock index rises 2pc, near two-week high LAGOS: Nigeria's stock index climbed to an almost two-week high on Monday, lifted by gains in its biggest listed company, Dangote Cement, and energy firm Oando.The all-share index, which has fallen 14 percent so far this year, rose 1.9 percent to 36,052 points by 1006 GMT, a level last seen on Nov. 5.Shares in Dangote Cement, which is majority-owned by Africa's richest man Aliko Dangote and accounts for a third of total market capitalisation, rose ...
Saudi Arabia, Egypt pull back as oil slides DUBAI: Stock markets in Saudi Arabia and Egypt fell in early trade on Monday as both markets saw broad sell-offs against a weak global background. The main Saudi index fell 1.2 percent shortly after opening with most stocks in the red. Shares in heavyweight Saudi Basic Industries (SABIC) were also down 1.2 percent. Brent crude fell more than $1 to near $78 a barrel on Monday following news that Japan, the world's fourth-biggest crude importer, ...
Dubai, Saudi Arabia may remain under pressure DUBAI: Stock markets in Dubai and Saudi Arabia may slide further on Monday after both closed near their daily lows on Sunday, and as the global background appears unsupportive. A diplomatic reconciliation with its neighbours could lift the mood in Qatar. Dubai's index fell 1.2 percent and closed on its intra-day low of 4,603 points on Sunday as Arabtec tumbled 5.9 percent after its third-quarter profit missed analysts' estimates.Saudi Arabia's index lost 1.3 percent and ...
Maa'den weighs on Saudi; Egypt up after S&P affirms rating DUBAI: Saudi Arabia's stock market fell in early trade on Sunday as heavyweight Ma'aden dropped after announcing a rights issue, while Egypt's bourse edged up after Standard and Poor's affirmed the country's sovereign credit rating.The main Saudi index fell 1.1 percent. Shares in Saudi Arabian Mining Co (Ma'aden) plunged 9.7 pct to 32.50 riyals.Ma'aden said on Sunday that the subscription period for its 5.6 billion riyal ($1.5 billion) rights issue would start on Tuesday; the ...
Earnings lift UAE but disappoint in Egypt; oil hits Saudi DUBAI: Stock markets in the Middle East were mixed on Thursday as United Arab Emirates bourses rose while disappointing third-quarter earnings weighed on Egypt and Saudi Arabia saw a broad sell-off after oil prices hit four-year lows.Dubai's index edged down early in the session but then bounced back and closed 1.7 percent up as heavyweight Emaar Properties jumped 4.8 percent to 11.00 dirhams, a one-month high. The stock still trades below levels seen in September ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln