Stock Markets

Baltic markets close flat

Riga - The three Baltic stock exchanges recorded two modest losses and a gain Friday, giving some respite after a largely negative week.

Arab bourses volatile in response to global fluctuations

Amman- Arab stock markets fluctuated violently this week, reflecting turmoil on the world markets and lack of confidence that measures taken by the world's largest economies could succeed in handling the global financial crisis, financial analysts said Friday.

"We believe that the psychological impact of developments on world markets will continue to be felt in the Middle East bourses for some time to come," Wajdi Makhamreh, Chief Operating Officer at the Amman- based Sanabel International Holding told Deutsche Presse-Agentur dpa.

"Fears of retreating results of listed firms in the third and fourth quarters due to recession fears are also expected to have negative impact on investors," he said.

India's Sensex plunges below 10,000-level to a two-year low

New Delhi - India's benchmark Sensex Friday plunged to two-year lows under 10,000 points, registering a fall of 5.73 per cent on heavy selling by funds and investors.

After opening on a strong note, the 30-share sensitive index closed the day's trade down 606.14 points to 9,975.35, a level last seen in June 2006.

The index had touched the day's low of 9,911.32 during the day and a high of 10,786.93.

All blue-chip stocks including Reliance Industries, DLF Limited, Bharti Airtel, ICICI Bank and State Bank of India fell between 6 to 10 per cent. Realty and power stocks were the major contributors to the fall.

Similarly, the broader 50-share Nifty index fell by 194.95 points, or 5.96 per cent, to 3,074.35.

French shares holding on to gains despite weak Wall Street

Paris - French shares shrugged off Wall Street's weak opening and were holding on to modest gains in mid-afternoon trading on Tuesday.

US stocks drop on opening

Washington - US stocks fell on opening Friday after new housing numbers reinforced fears of a pending recession in the United States.

Arab bourses volatile in response to global fluctuations

Arab bourses volatile in response to global fluctuations Amman - Arab stock markets fluctuated violently this week, reflecting turmoil on the world markets and lack of confidence that measures taken by the world's largest economies could succeed in handling the global financial crisis, financial analysts said Friday.

"We believe that the psychological impact of developments on world markets will continue to be felt in the Middle East bourses for some time to come," Wajdi Makhamreh, Chief Operating Officer at the Amman- based Sanabel International Holding told Deutsche Presse-Agentur dpa.

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