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

By: MT Newswires
Posted: 3/7/2012 12:02:00 PM
Referenced Stocks: CALL;GLD;MES;ORSTF;USO

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.

MIDDLE EASTERN STOCK MARKETS

*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%.

COMMODITY INDEXES

*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.

COMMODITIES

*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%.

Currencies

*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%.