Hong Kong shares slipped on Friday but still ended up for the week as strength in some large caps on improving fundamentals offset days of weakness in Chinese developers after Premier Wen Jiabao doused hopes for eased property curbs.
The Shanghai Composite Index had its worst week in more than two months, slipping 1.4 percent, despite rising 1.3 percent on Friday in low turnover.
For the week, the China Enterprises Index of the top mainland listings in Hong Kong lost 0.4 percent while the Hang Seng Index rose 1.1 percent. On Friday, both indexes declined 0.2 percent.
China Overseas Land & Investment Ltd lost 4.7 percent and China Resources Land slumped 5.3 percent on Friday, bringing their weekly losses to 6.7 and 8.1 percent, respectively.
Bahrain Bourse implements new market rules
Bahrain Bourse (BHB) will start implementing new market rules as of Monday, 1st of September 2014 which were approved by BHB’s Board of Directors in June. Brokers were given a six-month transitional
GCC ports serving range of strategic interests
The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the ou