Amir Karara

End of an era as Hong Kong stock trading floor set to close

Hong Kong - Muslimchronicle

The last remaining stock market floor traders in Hong Kong are taking their final orders as the bourse prepares to shut its trading hall, joining other world exchanges in going fully automated. The bourse’s operator, Hong Kong Exchanges & Clearing, said it will close the trading hall by the end of the month and turn the space into a showcaseRead more

Sao Paulo stock market closes at highest mark since 2011

Sao Paulo - Muslimchronicle

The Sao Paulo stock market broke the 70,000 mark Wednesday and closed at the highest level since January 2011. Leading the surge was a nearly 50 percent rise in the price of Brazil's state power utility Eletrobras shares after the government announced privatization plans. source: AFPRead more

Magic expected to last in Indian stocks amid foreign flows

Mumbai - Arab Today

Prime Minister Narendra Modi’s election-win magic looks to be casting a spell on the Indian stock market. The S&P BSE Sensex index will climb more than 8 per cent to 32,000 by the end of December from 29,513.27 on Monday, according to a median estimate of eight traders and investors surveyed by Bloomberg News on March 14, three days afterRead more

Saudi Aramco may offer discounted shares to citizens

Dubai - Arab Today

Saudi Aramco which is planned its initial public share offering is also considering discounted shares for local investors, according to a Bloomberg report, quoting ‘people with knowledge of the matter’. According to the report, the oil giant is looking at ways to structure the IPO in various tiers, so that Saudi buyers can receive the stock at a lower priceRead more

BT shares collapse on Italy-linked profit warning

London - AFP

Shares in BT Group dived Tuesday after the telecoms and TV group warned that its profits would take a much larger hit than expected on accounting irregularities in Italy. The company's share price tanked 17.67 percent to 314.95 pence in late morning deals on London's rising stock market. BT first revealed the accounting errors in October, estimating it would takeRead more

Industrials, Financials drag Canadian market down

Toronto - Xinhua

Canada's main stock market in Toronto closed lower on Tuesday, as declines in Industrial and Financial stocks outpaced gold prices reaching a two-month high. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite fell 37.93 points, or 0.25 percent, to end the day at 15,441.36 points. Six of the ten sub-sectors finished the session in negative territory. Industrials and FinancialsRead more

Saudi stocks rise in volatile trade

JEDDAH - Arab Today

Saudi Arabia’s stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September. The Tadawul All-Share Index closed 0.4 percent higher at 6,922 points; it remains near a six-week low and lost 3.8 percent over the week. Investors bought shares after Brent oil futures rebounded 2.7 percent on Wednesday and traded above $55.50 onRead more

Palestine Exchange closes year's trading at a rise

Ramallah - WAFA

The Palestinian stock market, Palestine Exchange, closed the 2016 year trading at a rise in its index. The 'Al-Quds Index' of the best trading companies on the market closed Thursday trading, the last trading session in the year, at 530.16 points, a 1.74 points (0.33%) increase compared to the last trading session. A total of 435,384 shares were traded withRead more

Canadian market finishes week slightly ahead

Toronto - Xinhua

Canada's main stock market in Toronto closed the week slightly up as gains in Utilities and Energy stocks outweighed losses from Health Care and Financials. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite gained 33.89 points, or 0.22 percent, to finished the session at 15,252.20 points. Four of the ten sub-sectors moved into positive territory. Utilities group saw theRead more

Aussie stock market closes slightly higher

Sydney - XINHUA

The Australian stock market has edged slightly higher at the close. At the close on Tuesday, the S&P ASX/200 index was up 5.5 points, or 0.10 percent, at 5,484.3 points and the All Ordinaries was up 5.1 points, or 0.09 percent, at 5,569.9 points. CMC Markets chief market analyst Ric Spooner told Xinhua the Australian stock market was lifted byRead more