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Gulf stocks regain ground after early losses over Yemen KUWAIT CITY: Stock markets in the Gulf states suffered early losses Thursday on fears over Saudi Arabia's air strikes on Shiite rebels in Yemen but regained ground at the close.The Saudi Tadawul All-Shares Index, the largest in the region, closed the day up 0.4 percent on 8,903.49 points, after diving at the start of trading when it shed 4.0 percent on Wednesday.The Dubai Financial Market also tumbled over 6.0 percent at the opening but ended down just 0.8 percent at 3,407.25 points.The slide came as a result of a massive sell-off over fears of a possible confrontation between Saudi Arabia and Shiite Iran, analysts said."There has been a massive sell-off by investors because of fears the strikes may escalate into a war between Saudi Arabia and Iran," Mohammad Zidan, chief market strategist at Kuwait's Orbex Brokerage, told AFP."Any fears about Iran normally strongly impact investors in the Gulf," Zidan said.Saudi ...

Gulf markets end well off lows after panic over Yemen DUBAI: Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided.Saudi Arabia's bourse, which is by far the region's biggest market and closes later than others in the Gulf, finished higher.Warplanes attacked the Yemeni capital Sanaa's airport and its al Dulaimi military airbase on Thursday ...
Gulf shares slide after Saudi strikes on Yemen KUWAIT CITY: Stock markets in the Gulf states dived on Thursday on fears from Saudi Arabia's air strikes on Huthi Shiite rebels in neighbouring Yemen, analysts said.The Saudi market, the largest in the region, and the Dubai Financial Market led the slide, amid a massive sell-off over fears of a possible confrontation between Saudi Arabia and Iran.The Saudi Tadawul All-Shares Index lost 4.0 percent at the start of trading, diving below the 8,500-point mark. But ...
Gulf stocks sink on Yemen conflict; Russia benefits LONDON: Stock markets across the Middle East fell heavily on Thursday after Gulf states launched military strikes on Yemen, with Saudi stocks extending losses, but Russia benefited from a $3 gain in the oil price.Saudi stocks, which lost 5 percent on Wednesday, fell another 4 percent on opening but clawed back most of the loss to stand 1 percent lower. Dubai tumbled 3 percent and other Gulf markets including Qatar and Kuwait also lost ground ...
South African stocks end lower, Nampak slips on write-down JOHANNESBURG: South African stocks fell more than 1 percent on Wednesday, with packaging firm Nampak sliding after saying it would write-down the value of its flexibles division before selling it while cancelling the sale of another unit.Shares in Nampak, Africa's biggest packaging company, which plans to sell non-core assets, fell 3.3 percent to 40.50 rand."It will effect earnings in the short term because they had to write down the value of the asset before selling ...
Saudi Arabia stock tumbles as Arab states consider Yemen intervention DUBAI: Saudi Arabia's stock market tumbled in a broad sell-off on Wednesday as investors grew concerned about upcoming first-quarter earnings announcements, stretched valuations and the escalation of military conflict in neighbouring Yemen.Other Gulf bourses were also weak, even as oil prices climbed about 1 percent on the back of a weaker U.S. dollar, indicating that concern over Yemen may be shared across the region.The main Saudi index sank 5.0 percent, its biggest daily drop in ...
Kenya stocks snap three-day losing streak, shilling steady NAIROBI: Kenya's main share index broke a three-day losing streak to close higher on Wednesday, while the shilling was steady.Oil marketer KenolKobil was among the gainers on the bourse after reporting that its 2014 pretax profit more than doubled to 1.52 billion shillings ($17 million).The fuel retailer's share price ended the session 7.5 percent higher at 10.05 shillings, after surging 9 percent to near a three-week high of 10.20 shillings earlier."For Kenol, they announced the ...

 



 
Index Closing Chg%
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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
WeeklyMarch 13, 2015
Reserves $16.273 bln