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Middle East & Africa


South Africa's rand down slightly, protests weigh on sentiment JOHANNESBURG: South Africa's rand was slightly weaker against the dollar on Tuesday, trailing its emerging market peers as ongoing student protests against the high cost of university education highlight the myriad of problems facing Africa's most developed economy.Government bonds were also unchanged from the previous close, while the local bourse opened slightly lower, with the blue-chip Top 40 index and the All-share index each down 0.27 percent at the start of trade. The rand traded at 13.6705 by 0704 GMT, a tad weaker than Monday's close at 13.6460.This was despite a generally weaker greenback ahead of the US Federal Reserve's two-day meeting beginning later in the session."This week's expectation of a dovish Fed supports risk-taking; however, the rand is underperforming compared to its high-yielding peers due to domestic student protests fuelling negative sentiment," Rand Merchant Bank market analyst Isaah Mhlanga said.South African universities have been hit by more than a ...

Egyptian pound steady at dollar sale, stronger in parallel market CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.8 million at a cut-off price of 7.9301 pounds per dollar. The pound strengthened, however, on the parallel market. The official cut-off price was unchanged from Thursday's dollar sale but one trader said the dollar changed hands at 8.25 pounds in the parallel market, lower than Thursday's rate of 8.50 pounds to the dollar. Egypt announced on Wednesday ...
Kenyan shilling firm, supported by dollar inflows chasing yields NAIROBI: Kenya's shilling firmed on Friday, supported by dollar inflows from offshore investors chasing rising yields on Treasury bills.The benchmark share index closed slightly higher.By the 1330 GMT close, the shilling was quoted at 102.15/25 to the dollar, compared to Thursday's close of 102.10/30. The currency has climbed in past weeks after sliding in September close to a 2011 all-time low of 106.80 to the greenback."We have seen some decent inflows chasing yields," said one ...
South Africa's rand, bonds on backfoot after medium term budget JOHANNESBURG: South Africa's rand hovered near the previous day's week lows against the dollar on Thursday and was likely to stay under pressure after the Finance Minister painted a dim picture of the economic outlook in his medium term budget.The local bourse was set to open slightly lower at 0700 GMT, as indicated by a 0.27 percent dip in the Top-40 futures index.At 0648 GMT, the rand traded at 13.5135 to the dollar, little changed ...
South Africa's rand little changed ahead of medium-term budget, stocks up JOHANNESBURG: South Africa's rand hardly moved on Tuesday as investors refrained from making any large bets ahead of medium-term budget review and inflation data on Wednesday while stocks ended slightly lower. By 1530 GMT, the rand was at 13.2520 versus the greenback, up 0.24 percent from Monday's close of 13.2835. "The rand is really on the ranges, awaiting for the CPI data tomorrow and the medium term budget speech tomorrow.It all depends on how the ...
Egyptian central bank holds pound steady; parallel market rate weaker CAIRO: The Egyptian central bank held the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off price of 7.9301, but the currency weakened on the parallel market.Egypt, which is facing a currency crisis due to what many economists consider to be an over-valued pound, had allowed the it to weaken to 7.83 pounds per dollar from 7.73 on Thursday, then to 7.93 on Sunday.On the parallel market, one trader said ...
South Africa's rand slips from near 6-week high, stocks gain JOHANNESBURG: South Africa's rand weakened more than one percent on Monday, giving up its earlier gains as traders bet on a 2015 interest rate hike in the United States while weak growth data in China added to negative sentiment. Stocks ended slightly higher as heavyweight banks such as Standard Bank gained while Shoprite was hammered after the grocer retailer reported slower quarterly sales growth.By 1533 GMT, the rand was at 13.2650 versus the greenback, down ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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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 23, 2015
Reserves $19.713 bln