Egypt's EGX30 Rises Close To Nine-Month High, magicJack VocalTec near High for Year, Dubai DFM Down Almost 5%

By Staff,

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While most Middle Eastern stock markets were down today, Egypt's EGX30 Index rose 0.43% to 5,452.03, its highest level in almost nine months. Orascom Telecom Holding SAE ( ORSTF ) rose 5.5% on speculation that the Algerian unit of North Africa's biggest mobile-phone company is nearing acquisition by the country's government. The Dubai DFM continued falling, off another 4.82%. The financial and real estate sectors were off sharply today in the Dubai DFM. The Market Vectors Gulf States Index ( MES ) exchange traded fund is down 0.87% to $20.50.

Israel's TA-25 index declined for a third day, falling 0.1% to 1,075.32. magicJack VocalTec ( CALL ), the ADR for an Israeli communications company, is up another 2.16% to $23,63. Year to date, magicJack VocalTec has risen 69.33%. The 52-week high for magicJack VocalTec is $23.99.


*Egypt EGX 30 is at 5452.03, up 0.43%.

*Saudi TASI is at 7374.92, down 0.34%.

*Tel Aviv TA-25 is at 1075.32, down 0.10%.

*Dubai DFM is at 1607.77, down 4.82%.

*Abu Dhabi ADX is at 2553.32, down 2.17%.

*Kuwait KSE is at 6183.20, down 0.72%.

*Bahrain BSE is at 1157.38, up 0.07%.

*Oman MSM is at 5826.06, down 0.66%.

*Qatar QE is at 8605.17, down 0.70%.

*Lebanon LSE is at 1212.95, down 1.06%.

*Jordan ASE is at 1986.27, up 0.33%.

*Tunisia TUNINDEX is at 4733.93, up 0.24%.

*Morocco CB is at 11385.60, down 0.15%.

*Palestine PSE is at 484.52, up 0.42%.


*UBS Bloomberg CMCI is at 1,606.62, down 4.82.

*Standard & Poor's GSCI is at 692.61, down 10.82.

*RJ/CRB Commodity Index is at 313.24, down 1.21.

*Rogers International is at 3,831.89, down 8.56.


*Gold ( GLD ) is at $1,674.80, up $2.70 and 0.16%.

*Oil( USO ) is at $104.53, down $0.17 and 0.16%.

*Corn (CORN) is at $654.00, down $6.75 and 1.03%.

*Copper (JJC) is $371.850, down $1.900 and 0.51%.


*EUR/USD is at 1.3115, up 0.02%.

*GBP/USD is at 1.5712, down 0.04%.

*USD/JPY is at 80.850, down 0.04%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CALL , GLD , MES , ORSTF , USO

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