Stock Markets

Tokyo stocks end morning trading higher on bargain-hunting

Tokyo stocks end morning trading higher on bargain-huntingTokyo - Tokyo stocks ended morning trading higher Monday as investors bought back battered shares in the financial and real estate sectors.

The Nikkei 225 Stock Average gained 231.06 points, or 1.77 per cent, to 13,250.47.

The broader Topix index of all first-section issues was also up 26.37 points, or 2.11 per cent, at 1,273.68.

The Tokyo market opened lower, but investors looking for bargains scooped up shares, prompting a recovery.

Arab bourses cautious over Iran standoff, lack of moving factors

Iran, EU reiterate willingness to resume nuclear talks 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.

Sensex Closes Below 15000-Mark

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%.

Tokyo stocks up after oil prices fall, US dollar rises

Tokyo Stock ExchangeTokyo - Tokyo stocks ended Friday morning trading slightly higher on a fall in US crude oil prices and the US dollar's advance against the yen.

The Nikkei 225 Stock Average inched up 13.37 points, or 0.1 per cent, to 12,970.17.

The broader Topix index of all first-section issues was slightly up 0.73 points, or 0.06 per cent, to 1,239.66.

While export-oriented issued were helped by a stronger dollar, gains were limited because of lingering concerns over the real-estate sector.

US stocks gain on Fannie Mae, Freddie Mac rules

US stocks gain on Fannie Mae, Freddie Mac rulesNew 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.

Wal-Mart earnings up 17 per cent as shoppers seek bargains

Wal-Mart earnings up 17 per cent as shoppers seek bargains 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.

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