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South Africa's rand slightly firmer, strong start for stocks JOHANNESBURG: South Africa's rand edged up against the dollar in early trade on Friday, with traders and analysts expecting the currency to get its steer mainly from U.S. employment data due out later in the session.Government bonds opened slightly weaker but the stock market got off to a firm start, with the benchmark JSE Top-40 index adding 0.8 percent to 45,610 while the broader All-share rose by the same margin to 50,911.By 0705 GMT the rand was trading at 13.8700 per dollar, up 0.37 percent from Thursday's New York close.Traders however said the rand remained vulnerable to bearish sentiment after failing to hold on to earlier gains in the previous section.Emerging markets in general could also come under pressure if jobs numbers out of the United States surpassed expectations, building the case for an interest rates hike this year in the world's biggest economy.“The rally in the rand over the ...

Kenya's shilling firm, stocks down for fifth straight session NAIROBI: Kenya's shilling reversed some of its gains from earlier on Thursday due to some dollar demand from various sectors, but stayed at a one-month high.Stocks were down for a fifth straight day.At the close of trade at 1330 GMT, commercial banks quoted the shilling at 104.40/50 to the dollar, compared with Wednesday's close of 104.55/75."There's slight demand in the market, not from any particular sector, just importers, and some corporate (clients)," said a senior ...
Strong dollar underpins Gulf remittance flows, weak oil clouds outlook DUBAI: The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, exchange houses say, giving a boost to their home countries such as India, Philippines and Pakistan. But lower oil prices are expected to gradually reduce demand for blue-collar workers, tempering growth in remittances next year, say industry executives. With its huge population of expatriates, the Gulf is one of the most important ...
Central bank props up Kenyan shilling, main share index falls NAIROBI: The Kenyan shilling firmed slightly on Wednesday after the central bank injected dollars to the market to counter pressure from its decision to hold rates the previous day. The blue chip share index edged down.At the 1330 GMT close of trade, commercial banks quoted the shilling at 105.55/65 per dollar, slightly up from Tuesday's closing rate of 105.70/80.Traders attributed the firming to the central bank's sale of dollars, through brokers, after the shilling weakened ...
Kenyan shilling eases due to demand, shares fall NAIROBI: The Kenyan shilling weakened on Tuesday as importers sought dollars to pay their bills, but traders said tight liquidity was limiting the local currency's losses before a central bank decision on lending rates.At the 1330 GMT close of trade, commercial banks quoted the shilling at 105.70/70 to the dollar, down from Monday's close of 105.30/40."There's slight (dollar) demand in the market, though the tight liquidity is slowing down the process of weakening," a senior ...
South Africa's rand falls ahead of rates call, resources drag bourse JOHANNESBURG: South Africa's rand slid almost 2 percent against a firmer greenback on Tuesday, extending its losses in a 1-1/2 week trough as expectations of a rate hike in the United States soured risk sentiment. Stocks fell almost 2 percent on South Africa's blue-chip Top-40 index, largely driven by a global resource sell-off on fears of weaker Chinese demand. The rand hit a session low of 13.7430, its weakest since Sept. 10, and was trading ...
Kenyan shilling firms on central bank dollar sale, stocks up NAIROBI: Kenya's shilling made modest gains on Wednesday after the central bank sold an undisclosed amount of dollars, while stocks were up.At the close of trade at 1330 GMT, the shilling was quoted at 105.55/65 to the US dollar, compared with Tuesday's close of 105.70/80.The shilling had almost touched an all-time low of 106.80 last week, before the central bank intervened with dollar sales to support it.Traders said the bank intervened again at 1245 GMT ...


Index Closing Chg%
Arrow DJIA 17,081.89 0.29
Arrow Nasdaq 4,796.61 0.87
Arrow S&P 2,003.69 0.68
Arrow FTSE 6,342.28 0.45
Arrow DAX 10,032.82 0.86
Arrow CAC-40 4,643.38 0.97
Arrow Nikkei 18,234.74 1.11
Arrow H.Seng 22,600.46 0.57
Arrow Sensex 26,846.53 0.21

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln