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Middle East & Africa


South Africa's rand falls to record low, stocks flat JOHANNESBURG: South Africa's rand fell through a series of record lows against the dollar on Monday, knocked back largely by a widening trade deficit and a gloomy review by the central bank, while stocks were flat.The rand tumbled after the revenue agency reported a wider-than-expected trade deficit in October, while comments by the South African Reserve Bank citing the weaker currency as a key contributor to inflation as well as a major risk to the CPI forecast also weighed.By 1652 GMT the currency traded at 14.4850 to the greenback, down 0.57 percent from Friday's close.Domestic budget deficit data, which showed a narrower deficit of 26.548 billion rand in October, compared with a 29.296 billion rand for the same month in 2014/15 had earlier offered some temporary relief.Lower commodity prices due to weaker demand from China, the largest importer of commodities, and drought are putting pressure on exports from Africa's most ...

Ugandan shilling stable; corporate dollar demand may weigh KAMPALA: The Ugandan shilling was unchanged on Monday but traders said demand for dollars could inch up later in the week as firms prepare to close their books for the year. At 1105 GMT, commercial banks quoted the shilling at 3,355/3,365, unchanged from Friday's close. "As December kicks in, corporates looking to square their positions ahead of year closure will be buying," said Shahzad Kamaluddin, trader at Crane Bank. So far this year, the shilling ...
Kenyan shilling steady, main share index up NAIROBI: The Kenyan shilling was barely moved on Monday, remaining within its recent range, while the benchmark share index rose.At the 1330 GMT close of trade, commercial banks posted the shilling at 102.20/30, barely changed from Friday's closing rate of 102.10/20.Sluggish dollar demand and the prospects of the intervention by the central bank has kept the shilling in a tight band of 102.00-102.50 in recent weeks."Dollar demand is very subdued," said one Nairobi-based trader.Policymakers tightened ...
Egyptian pound steady at first forex auction under new central bank governor CAIRO: Egypt's central bank held the pound steady at 7.7301 pounds to the dollar on Sunday at the first official foreign currency auction since new central bank governor Tarek Amer took office on Nov. 27.The pound strengthened on the black market, with traders anticipating new policy moves from the central bank. One trader said the dollar changed hands at 8.50 pounds on Sunday, compared with 8.60 pounds last Thursday."The pound strengthened because it was said ...
South Africa's rand weakens on US rate outlook; stocks weaker JOHANNESBURG: The rand fell to its weakest in nearly two weeks against the dollar on Friday, and analysts expect further losses next week if a US rate increase looks more likely or if ratings agencies give negative reviews on South Africa's credit rating. Stocks ended more than 1 percent lower, with media and e-commerce group Naspers among the biggest losers. Mining companies took the most points off the benchmark index. The rand touched a session ...
South Africa's rand weakens as investors bet on Fed hike, stocks up JOHANNESBURG: South Africa's rand was on the backfoot against the dollar on Thursday, turning in the second-weakest performance in a basket of 25 emerging market currencies offloaded by investors bracing for higher US rates. Stocks ended slightly firmer with bourse heavyweight Anglo American among the biggest gainers as metal prices cruised higher. The rand fell 1 percent to a session low of 14.2900 per dollar, and was 0.9 percent softer at 14.2750 by 1534 GMT, ...
Nigeria naira firmer on unofficial market as central bank tightens forex rules LAGOS: The Nigerian naira strengthened 2.1 percent to 235 per dollar on the unofficial market on Thursday after the central bank moved to enforce documentation requirements on bureau de change operators prior to dollar sales, traders said.In a circular seen by Reuters on Thursday, the central bank asked all bureau de change operators to submit accounts showing their dollar usage at the start of each week before they can access future sales, a move traders ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln