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Most Gulf markets narrowly mixed but Dubai rises DUBAI: Most Gulf stock markets were narrowly mixed on Sunday, influenced by a mixed set of earnings and corporate news, though Dubai rose on the back of real estate-related stocks. Brent crude oil rose 2.3 percent on Friday and posted a 5.3 percent weekly gain on lowered expectations that an agreement on Iran's nuclear programme would result in a rapid return of more Iranian oil to the market.Meanwhile, world equity markets tested record highs on hopes for more stimulus from top central banks. This background helped Saudi Arabia's market rise on Sunday, though the main index gave up most of its early gains and ended up just 0.1 percent. Petrochemicals giant Saudi Basic Industries was the main support, jumping 2.0 percent on the last day its shares carried the 2014 dividend. Shipper Bahri, which soared 9.8 percent in the previous session after more than doubling its first-quarter profit, extended gains ...

Oil, earnings lift Saudi Arabia stocks DUBAI: Saudi Arabia's bourse rose broadly in early trade on Sunday on the back of stronger oil and positive earnings reports and expectations.The kingdom's main stock index climbed 0.9 percent and petrochemicals giant Saudi Basic Industries was the main support, jumping 2.9 percent.Brent crude rose 2.3 percent on Friday and posted a 5.3 percent weekly gain on lowered expectations that an agreement on Iran's nuclear programme would result in a rapid return of more Iranian ...
Gulf stock higher on oil, Egypt rises after debt upgrade DUBAI: Most Gulf stock markets rose on Wednesday, buoyed by firmer oil prices, as Egypt climbed after rating agency Moody's Investors Service upgraded the country's sovereign debt.Brent crude had rebounded sharply in the past two days and although it pulled back slightly on Wednesday, it remained above $58 a barrel, about $1 above its levels when Gulf stock markets were open on Tuesday.The Saudi stock index climbed 0.6 percent to 8,852 points in increasing turnover. ...
South African stocks rise for second straight session led by Kumba JOHANNESBURG: South African stocks rose for the second consecutive day on Wednesday as investors scooped up shares in blue-chip heavy-weight Kumba Iron Ore as the price of the commodity steadied.Kumba closed 4.6 percent higher at 145.50 rand, after its shares had fallen by more than 60 percent since April last year due to weaker demand for the steel-making ingredient.Chinese rebar futures steadied, snapping five straight sessions of losses, but weak demand and ample supply in ...
Saudi rally continues, upgrade fails to boost Egypt DUBAI: Saudi Arabia's stock market continued rebounding early on Wednesday because of firmer oil prices, but an upgrade of Egypt's debt by rating agency Moody's failed to boost that bourse.Brent crude has risen sharply in the past two days and although it has pulled back slightly on Wednesday morning, it is still above $58 a barrel, about $1 above its levels when Gulf stock markets were open on Tuesday.The Saudi stock index climbed 0.6 percent ...
Property firms buoy Dubai; Saudi rallies a bit, Egypt continues slide DUBAI: Real estate-related shares led Dubai's stock market higher on Monday while Saudi Arabia rose modestly because of higher oil prices. Heavy profit-taking, fuelled by weak economic data, continued to weigh on Egypt.The Dubai stock index climbed 1.2 percent, buoyed in part by last week's poor U.S. jobs data, which appeared to reduce chances that the U.S. Federal Reserve would hike interest rates anytime soon.Gulf economies will probably imitate U.S. monetary policy because of their ...
Gulf markets to consolidate, Saudi may rebound a bit DUBAI: Gulf stock markets may consolidate on Monday as their initial reaction to the Iran nuclear deal fades, while Saudi Arabia could rebound moderately after a slight uptick in oil prices.The Saudi stock index sank 1.7 percent to 8,590 points on Sunday because of the prospect of lower oil prices if a final agreement by a June 30 deadline lifts sanctions on Tehran and allows more Iranian oil into the market. Brent oil plunged nearly ...

 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln