Japan's Nikkei share average
edged up on Thursday, but pared earlier gains as investors held
back from taking major positions ahead of the closely watched
Bank of Japan meeting and a slew of domestic corporate results.
By the midday trading break, the benchmark Nikkei
added 10.56 points to 9,571.57 with strategists citing support
at its 75-day moving average around 9,437.
The broader Topix index gained 0.3 percent to
811.94. Morning trade on the main board was thin, with the Topix
trading at 39 percent of its average 90-day full day volume.
"For the market to test higher levels, we need something new
out of the BOJ, a sense that they are really determined this
time to escape deflation and meet the 1 percent inflation target
as soon as possible," said Kenichi Hirano, operating officer at
SAMA net foreign assets reach SR2.737 trillion
The Kingdom’s M3 money supply growth edged up to 12.3 percent year-on-year in June from a five-month low of 12.1 percent in the previous month, Saudi Arabian Monetary Agency (SAMA) data showed.
However, due to the limited availability of stock, leasing de
Arabtec Q2 net profit up 11pc
Arabtec, the construction company at the centre of Dubai’s stock market turmoil, reported an 11 percent rise in second-quarter profit yesterday, missing analysts’ estimates.
Net profit cli
Saudi water membrane facility project awarded
The Dow Chemical Company has awarded Fluor Corporation the engineering, procurement and construction (EPC) contract for its Reverse Osmosis (RO) manufacturing facility in Saudi Arabia.