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

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC
Most Viewed Companies
Ticker Price Volume
SABIC 83.5 3,267,171
RIBL 17.23 9,299,116
EMAAR 6.78 61,972,493
ALMARAI 78 1,799,387
EEC 43.49 18,255,002
STC 67.25 1,154,613
ZAIN 480 4,898,753
Recent News

Saudi Rail 2015 to showcase latest technologies, services
Industry needs for the estimated SR45 billion for rail projects will be displayed at Saudi Rail 2015 to be held in Riyadh next month.

The event is scheduled to take place from Jan. 25 to 28

KSA crude exports rise to almost 6.9m bpd in October
Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data showed.

Saudi Ar

Domestic tourism to gain from Saudi rail expansion
Saudi Railways Organization (SRO) President Mohammed Al-Suwaiket has lauded the efforts of Saudi Commission for Tourism and Antiquities (SCTA) in developing the tourism sector and preserving national

Gulf markets surge on stronger oil
Stock markets in Saudi Arabia and the UAE soared on Thursday after the price of oil rebounded and the Riyadh government eased investors’ fears by saying it would continue spending heavily on economic

New service launched by Zain Bahrain
Zain Bahrain has launched a complimentary "Anti-Abusive Words" SMS service that blocks abusive messages from being sent to a child's mobile phone.

This service is in line with the National

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?