Damascus - Syria's first stock exchange, which is currently operating in pilot trading, will be officially launched on March 9, media reports said on Friday.
The official news agency SANA reported that interim operations of the Damascus Securities Exchange included five large Syrian companies - the International Bank for Trade and Finance, Bank of Syria and Overseas, Arab Bank-Syria, Banque Bemo Saudi-French, and Al-Ahliah Company for Transport.
After trading flat during the previous trading hour, the Sensex bounced back into the positive zone on the back of buying action witnessed across frontliners.
The market was trading sluggishly due to lack of cues. Oil & gas, metal and FMCG stocks went up, while select power and IT stocks declined.
BSE Midcap and Smallcap index gained 0.52% and 0.46%, respectively.
The 30-share index, BSE Sensex, today (Jan 30) belled the day at 9,111.12 after losing 125.16 points.
The key benchmark indices were trading lower on heavy selling by funds following a weak global trend.
Selling pressure has emerged across most sectors and power, capital goods and pharma lead the decline.
At 11:38 a.m., the Sensex was down 45.10 points at 9,191.18 levels and the Nifty has slumped 13.45 points to 2,810.50 levels.
Mr. Shrikant Chouhan, technical analyst, Kotak Securities, said, “The overall breadth of the market remains weak but if the Nifty is able to sustain above 2,790 then it may reach 2,925 levels also.”
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell more than 3 per cent Friday due to sluggish economic data and corporate earnings reports by major Japanese companies.
The Nikkei index plunged 276.19 points, or 3.35 per cent, to 7,975.05, and the broader Topix index of all first section issues was also down 24.44 points, or 2.99 per cent, to
794.03.
Hong Kong - Hong Kong's Hang Seng Index began the Chinese Year of the Ox in bullish fashion Thursday with a 4.6-per-cent jump.
The blue-chip index shot up by more than 7 per cent at the opening of the first day of trading after the holiday before it fell back. It closed back above 13,000 at 13,154.43.
Turnover was a relatively low 39.1 billion Hong Kong dollars (5.04 billion US dollars.)
After slipping into the negative terrain, the 30-share index Sensex soon came back into the positive.
India`s benchmark wholesale price index (WPI), inflation surged marginally for the second consecutive week because of growing prices of food items, jet fuel and alcohol.
It stood at 5.64% for the week ended Jan. 17, 2009, up 4 basis points as compared to 5.60% a week ago.
The Sensex continued to trade in a lusterless way amid volatility. Selling action was witnessed in power, oil & gas and consumer durables stocks.