Daily Archives: December 29, 2015

Kuwait Stock Exchange ends trading in red zone

KUWAIT, Rabi’I 18, 1437, December 29, 2015, SPA — The trading at Kuwait Stock Exchange (KSE) ended in the red zone Tuesday with the price index going down by 44.6 points to settle at 5,586 points.
The weighted and KSX 15 indices also went down by 1.03 and 2.18 points respectively.
Value of shares was at KD 9.16 million with the volume being at 119.7 million shares done through 2,752 deals.
–SPA
15:43 LOCAL TIME 12:43 GMT

Muscat Securities Market Loses 5 Points

Muscat, Rabi’I 18, 1437, December 29, 2015, SPA — Muscat Securities Market (MSM) general index (30) today lost (5.4) points, comprising a decline by (0.10%) to close at (5429.36) points, compared to the last session, which stood at (5434.74) points.

The trading value today stood at (RO 3,086,534), comprising a decline by (21.5%) compared to the last session, which stood at (RO 3,930,396).

The report released by MSM pointed out that the market value declined by (0.06%) to reach about (RO 15.80) billion.
–SPA
15:43 LOCAL TIME 12:43 GMT

Dr. Hashem Yamani receives Saudi Ambassador to Japan

Riyadh, Rabi’I 18, 1437, December 29, 2015, SPA — The President of King Abdullah City for Atomic and Renewable Energy Dr. Hashem bin Abdullah Yamani received at his office here today Saudi Ambassador to Japan Ahmed Bin Younis Al-Barrak.

During the meeting, they discussed ways of cooperation between the Kingdom of Saudi Arabia and Japan with regard to renewable energy, its development and uses, along with some agreements concluded by the Kingdom with Japan in the field of energy.
–SPA
13:44 LOCAL TIME 10:44 GMT

Samba Financial Group distributes SR 1134 million profits to shareholders

Riyadh,18 Rabi’I,1437 AH, 29 December,2015 , SPA — Samba Financial Group’s Board of Directors has recommended the General Assembly to distribute SR 1134 million as profits for the second half of 2015, an amount of 45 “halalas” per share representing 4.5% of the nominal value of a share.
The group said in a statement published on the Saudi Stock Exchange “Tadawul” site today that the bank’s capital was increased to SR 20 billion.
— SPA
13:18 LOCAL TIME 10:18 GMT

Asian shares make modest gains, capped by weak oil prices

Tokyo, 18 Rabi’I,1437 AH, 29 December,2015 , SPA — Asian shares rose modestly on Tuesday, shrugging off early losses, though worries over China’s slowdown and tumbling oil prices are overshadowing thin year-end trading, AP reported.
Japan’s Nikkei 225 stock index rose 0.5 percent to 18,970.43 and Hong Kong’s Hang Seng added 0.3 percent to 21,990.99. South Korea’s Kospi was 0.1 percent higher at 1,965.81 and the Shanghai Composite Index gained 0.2 percent to 3,539.87. Australia’s S&P/ASX 200 gained 1.0 percent to5,259.00. Shares in New Zealand were higher, Taiwan fell and Southeast Asian shares were mixed.
Oil prices rebounded slightly Tuesday after falling over 3 percent on Monday in New York.
— SPA
12:07 LOCAL TIME 09:07 GMT

XCMG’s Construction Machinery on Track to Support China-Thailand Railway Project

BANGKOK, Dec. 29, 2015 / PRNewswire — Global construction and mining equipment manufacturer XCMG joined the official launching ceremony of the China-Thailand railway project that was held at Chiang Rak Noi Station in central Thailand’s Ayutthaya province on December 19.

The high-speed railroad project spanning 845 kilometers through 10 provinces in Thailand will allow trains to operate at top speeds of 180 kilometers per hour with potential upgrade possibility to 250 kilometers per hour. The four sections of railroad construction are planned to be completed and put into operation by year 2020.

Liu Jiansen, assistant president of XCMG and general manager of XCMG Import and Export Co., Ltd, attended the groundbreaking ceremony.

“As one of the top 5 construction machinery manufacturers and equipment solution suppliers in the world, XCMG will be providing the best quality machinery and equipment to assist the construction of China-Thailand railway project,” he said, “our most comprehensive production line possess complete sets of machineries and equipment for railroad and bridge construction.”

Liu remarked that the initial idea behind participating in the China-Thailand railway project is to help improve the infrastructure level of Thailand as well as people’s living standards in this nation. Committed to boosting quality of life, XCMG has also been assisting infrastructure projects around the world.

Early in 2015, XCMG has exported machineries including pavers to assist the construction of the National Highway 6 in Cambodia. In 2011, 6,025 units of XCMG products including concrete pump trucks, dump trucks, loaders and rollers launched operations for the “Venezuela Housing Project” in Caracas, Venezuela.

XCMG also sustains the largest share of the African market with major orders such as supplying complete sets of equipment to the Mombasa-Nairobi Railway, machinery to Ethiopia as well as 100m aerial platform fire trucks to Angola.

“Our products and service are essential for developing countries to complete their infrastructure construction, which can stimulate the economic development as well as bringing new job opportunities,” Liu said. “In the future, XCMG will continue to support such projects around the world to provide more convenient transportation as well as better living conditions with state-of-the-art equipment.”

More information, please visit: www.xcmg.com, or XCMG pages on Facebook, Twitter and Youtube.

European shares propped up by firmer financial stocks

LONDON, Rabi’I 18, 1437, December 29, 2015, SPA — European shares climbed higher on Tuesday, lifted by firmer financial stocks, Reuters reported.

The pan-European FTSEurofirst 300 index rose 0.6 percent while the euro zone’s blue-chip Euro STOXX 50 index advanced 0.9 percent.

Deutsche Bank rose 1.2 percent following its move to sell its 20 percent stake in China’s Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion).
–SPA
12:02 LOCAL TIME 09:02 GMT