Europe shares close off highs on Greek uncertainty

15/02/2012 20:33 AST  Reuters

European shares ended off session high on Wednesday, in thin trade, as investors pared gains on a report euro zone officials were considering delaying the second Greek bailout until after the country holds elections in April.

The market had earlier hit six month highs after the Greek conservative party gave a commitment letter to the European Union and IMF on implementing the new austerity package.

"The market does not like it - if Greece cannot get a bailout by mid-March it effectively has a messy default," said Richard Batty, strategist at Standard Life Investments, which has $248.37 billion of assets under management.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

Most Viewed Companies
Ticker Price Volume
EMAAR 11.15 83,172,166.5
EEC 56.2 4,606,133
EXTRA 107.98 37,553
TAWUNIYA 65.41 1,431,714
NWRS 0.75 854,602
RJHI 62.48 1,924,110
SECO 16.2 2,403,155
Recent News

The CBO is preparing to launch a RO200mn government development bond (GDBs) issue. H E Hamood al Zadjali, executive president of CBO, said on Thursday that the central bank will announce the bond iss

Thirst for Shariah-abiding beer shows promise of halal stocks
Eight years ago, Taleb Mohamad Almahmoud started importing a non-alcoholic beer popular in the Middle East to Malaysia. Now, he is bringing more than 300,000 bottles of Dubai-brewed Barbican into the

$500 million Sukuk bonds: Dar in Dubai to hold roadshow
Finance Minister Ishaq Dar left for Dubai on Saturday to hold roadshow to float $500 million Sukuk bonds in the international market, sources said. Sources added the Finance Minister after holding a

Islamic finance body to revise four standards
The Bahrain-based Accou-nting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for I

Treasury puts faith in $500m Islamic debt
Those who work with the sharia-compliant products say this is just the beginning of Islamic finance offerings in South Africa.

According to Saliegh Salaam, portfolio manager for Old Mutual

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


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