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Saudi Arabia edges up ahead of opening to foreigners, Egypt slips DUBAI: Saudi Arabia's bourse edged up in early trade on Sunday ahead of its opening to direct foreign investment, while Egypt slipped.The main Saudi stock index climbed 0.3 percent, buoyed by some of the blue chips which are most likely to be targeted by foreign investors.Foodmaker Savola Group rose 0.8 percent, petrochemicals giant Saudi Basic Industries added 0.6 percent and miner Ma'aden was up 1.1 percent.Qualified foreign investors with licences from the kingdom's Capital Market Authority will be able to buy local stocks from Monday, after being limited to indirect channels such as swaps for years.The CMA has yet to announce the award of any licences, and it is not clear when the agency will grant the first batch. Trading activity in general is likely to decline during the Muslim holy month of Ramadan, which will start around June 18. But local investors appear to be expecting some fund inflows.Egypt's ...

Gulf markets mixed; Dubai's Amlak extends losses DUBAI: Gulf stock markets were narrowly mixed in early trade on Sunday after oil prices fell on Friday, giving up most of the gains made earlier in the week.Dubai's stock index edged up 0.6 percent with most stocks positive but Amlak Finance, which was the most traded stock in the emirate, tumbled its daily 10 percent limit for the second session in a row.Shares in the mortgage lender had more than doubled in price earlier ...
South African stocks mixed, Aveng weighs on market JOHANNESBURG: South Africa's main stock indices ended Thursday on a flat footing as Aveng pulled the market down, preventing a second straight day of gains. The benchmark JSE Top-40 index ended the day down 0.22 percent to 46,149.59 and the broader All-share slipped 0.15 percent to 51,881.45. Aveng lost 16.11 percent to 7.55 rand after it flagged a 50 percent drop in full-year profit, citing labour disruptions and an industry-wide slump at home. A report ...
Saudi Arabia, Egypt markets slip DUBAI: Share prices in Saudi Arabia and Egypt edged down in early trade on Tuesday in line with other Middle East markets.The main Saudi index slipped 0.4 percent with most stocks in the red. Saudi Electricity Co, down 3.1 percent, was the main drag on the benchmark.Later on Tuesday, after Gulf markets close, index compiler MSCI will announce the results of its annual market classification review which analysts expect will launch the lengthy process of ...
Qatar may remain jittery over World Cup DUBAI: Qatar's stock market may remain volatile and vulnerable to further sentiment-driven selling pressure after a senior FIFA official said Doha could be stripped of World Cup hosting rights if evidence emerges of bribery in the bidding process. The FBI's investigation of bribery and corruption at FIFA includes scrutiny of how soccer's governing body awarded World Cup hosting rights to Russia and Qatar, a US law enforcement official told Reuters this week.Domenico Scala, the independent ...
South Africa's rand at 5-week low, tracks EM peers JOHANNESBURG: South Africa's rand fell to a five-week low against the dollar on Thursday, tracking emerging market peers after an influential report said capital flows were projected to fall, partly due to a potential U.S. interest rate hike.The rand was also weighed down by a dollar rally after a stronger-than-expected rise in U.S. pending homes sales buoyed the outlook for the housing market.At 1455 GMT the rand was trading 1.36 percent weaker at 12.1860 to ...
South African stocks dip, Nampak logs biggest drop in 18 years JOHANNESBURG: South Africa's main stock index ended sharply lower on Tuesday, with Nampak topping the decliners' list after the continent's biggest packaging firm reported lower half-year earnings.Nampak posted an 8 percent fall to 101 cents in first-half headline EPS, citing production decline at its glass unit and pressure on consumers' disposable income in South Africa. In reaction, shares in the company plunged 13.3 percent to 36.40 rand, a level last seen nearly a year ago ...

 



 
Index Closing Chg%
Arrow DJIA 17,757.91 0.79
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Arrow S&P 2,077.42 0.69
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Arrow DAX 11,180.50 2.15
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Arrow H.Seng 26,250.03 1.09
Arrow Sensex 28,020.87 0.86





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln