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.
Investcorp and Mumtalakat acquire PRO Unlimited
nvestcorp and Mumtalakat today announced that they have acquired PRO Unlimited, a provider of software and services that enable large enterprises to more effectively manage their contingentworkforce.
Kingdom Holding Q3 net profit rises 20.5pc
Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit on Thursday, on the back of higher investm
Qatar’s UK investments hit £30bn
Qatar’s investment in the UK has reached an estimated £30bn. The country will continue to be one of the main investment destinations of Qatar, said the Minister of Economy and Commerce, H E Sheikh Ah