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Record Egypt stock rally stalls as traders cash in; Saudi gains

BLOOMBERG Egyptian stocks declined after investors locked in gains from the longest winning streak on record, ending a rally fueled by the biggest currency devaluation in more than a decade. Saudi Arabian shares rose. The EGX 30 Index dropped 0.3 percent at the close in Cairo, after rising for 11 straight days in the longest rally since Bloomberg started tracking ...

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Emirates Securities Market Report down by -1.05 %

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.05% to close at 4485.89 points. Accordingly the Market Capitalization has lost AED 7.73 billion attaining AED 727.67 billion. A total of 1.04 billion Shares were traded with a total value of AED 1.3 billion during the trading session of 20-03-2016 through 11253 transactions. The number of companies which ...

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PBOC chief warns about rising debt

Beijing / Bloomberg People’s Bank of China (PBOC) Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets. China still has a problem with illegal fundraising and financial services are insufficient, Zhou said in a speech at ...

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