Amman - Arab stock markets lost further ground this week as the continuation of the dispute over the Iranian nuclear file and the lack of factors moving the markets negatively influenced decisions of investors, financial analysts said Friday.
However, the drastic decline in stock prices over the past few weeks prompted a buying wave in the Kuwaiti and United Arab Emirates stock exchanges that gave the impression stock prices could be bottoming out, they added.
The Bombay Stock Exchange sensitive index (Sensex) saw a down fall of 369 points which has encountered for the biggest fall in nearly three weeks as it closes below the psychological 15000 level o sustained selling pressure.
Wednesday trading saw a downfall of the 30-share index to 119 points. It further lost 368.94 points on Thursday and finally closed at 14724.18. Thus it really lowered and reached 14686.66.
On the other hand, a downfall in the National Stock Exchange index Nifty was also experienced when it fell by 90.35 points at 4430.70.
The worst performing stock among the Sensex club however was real estate major, DLF, which was pushed by 8.66%.
New York - US stocks closed up Thursday after rules on mortgage giants Fannie Mae and Freddie Mac were loosened.
The Securities Industry and Financial Markets Association said the government-backed lenders could sell larger loans on the broader mortgage market, sending their stocks up more than 7 per cent, Bloomberg financial news reported.
Stocks had started the day down, after the US Labor Department said inflation rose the most in 17 years in July. Consumer prices rose 5.6 per cent year-on-year.
New York - Wal-Mart reported record earnings in the second quarter despite a weaker economy as US consumers sought bargains at the discount giant.
Net profits rose 17 per cent to 3.5 billion dollars, or 87 cents per share, from 2.95 billion dollars, or 72 cents per share, in the year-earlier period, the Bentonville, Arkansas-based company said.
Revenue rose 10 per cent to to 102.7 billion dollars.