05/05/2012 09:39 AST

Europe's top share index extended losses in midday trade as weak euro zone economic data, did little to boost risk appetite among investors ahead of U.S. jobs numbers and elections in France and Greece over the weekend.

Corporate earnings continued to impress, however, with Royal Bank of Scotland, BNP Paribas and Lafarge proving companies can still lift profits despite the austere economic backdrop.

The FTSEurofirst fell 6.31 points, or 0.6 percent to 1,038.08 by 1035 GMT, having traded in a 40-point range since early April. It found support around the 1,029 level, the 50 percent retracement of the LTRO rally that began mid-December.

For more on this Click Here


Reuters

Ticker Price Volume
QNBK 123.10 227,432
SABIC 98.10 636,118
PETRORABIGH 13.28 553,297
TAWUNIYA 96.90 61,416
BURUJ 31.40 85,833
SFICO 29.65 11,333
SAPTCO 14.24 35,738
Index Closing Change
NIKKEI 225 21,336.12 80.56 (0.37%)
DAX 12,995.06 -8.64 (-0.06%)
S&P 500 2,559.36 1.72 (0.06%)
British inflation at five-year high in September, rate hike on track

19/10/2017

British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England (BoE) will raise interest rates ne

Times of Oman

Egypt expects to renew financing deal with global banks

18/10/2017

Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global banks will be renewed for another year with the aim to boost foreign reserves while

Arab News

Maybank Islamic named the Best Global Islamic Financial Institution

17/10/2017

Maybank Islamic Bhd has emerged as the Best Global Islamic Financial Institution, its first ever, at the Global Finance Awards 2017.

It was also recognised as the Best Global Sukuk Bank an

New Straits Times

China shares fall, market shrugs off upbeat economic growth forecast

17/10/2017

China’s major share indexes fell on Monday as a surprisingly strong central bank economic growth projection failed to spur buying while tech stocks slumped after disappointing profit forecasts.

Gulfnews

Pakistan turns to Islamic finance market for support

15/10/2017

Pakistan's first international bond in a year is likely to be well received by investors, despite deepening concerns about the country's macroeconomic stability and deteriorating political risk profi

Nikkei Asian Review