Asian Stocks Rise 12th Week Since December on U.S. Economy


17/03/2012 04:49 AST  Bloomberg

Asian stocks rose this week, with the regional benchmark index capping its 12th week of advance in 13 weeks, as positive economic reports from the U.S. boosted the outlook for the region’s exporters.

Toyota Motor Corp. (7203), Japan’s No. 1 carmaker, climbed 4.7 percent as the yen weakened against the U.S. dollar. Li & Fung Ltd., a supplier of clothes and toys to Wal-Mart Stores Inc., advanced 7.6 percent as U.S. retail sales, consumer confidence and employment reports exceeded economists’ estimates. China Railway Construction Corp. dropped 8.9 percent after a section of a high-speed track it built collapsed in central China’s Hubei province following heavy rains.

For more on this Click Here

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
RJHI 62.21 3,970,960
SAGRINSURANCE 30.77 572,315
BUDGET 79.97 331,037
GCEM.UAE 1.09 43,486
EEC 37.94 35,031,197
ALMARAI 94.42 160,032
SABIC 95.61 4,692,889
Recent News

Largecaps weigh down stock market
The Saudi stock market recorded mild losses (-0.32 percent) on Tuesday, reflecting the double bottom.

The benchmark Tadawul index closed lower to 9,558.89, shedding more than thirty points.

Dragon Oil seeks dividend cut as output rises
Dragon Oil, an oil explorer part-owned by Dubai, said output was up 23 per cent in the first quarter of the year. The company also said that it would seek approval at its annual general meeting on Mo

Stable outlook for Abu Dhabi urban planning
The Abu Dhabi Urban Planning Council (UPC) approved 22 new projects in the first quarter, shrugging off concerns that a weaker oil price could hit projects.

This will add more than 700,000

Dewa to open tender to build coal-fired power plant
Dubai Electricity and Water Authority (Dewa) will open a tender in two weeks to build a coal-fired plant with a capacity of 1200 Megawatts (MW), Saeed Al Tayer, MD and CEO of Dewa said.

Th

Going after the mid-market property buyer in Dubai
Dubailand — or at least some clusters within it — is emerging as a favoured destination for properties targeted at the budget-conscious buyer. Prices currently average Dh700 per square foot and more,

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?