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Fajr
04:47
Thursday
20
September 2018

Fajr
Fajr
04:47
Sunrise
Sunrise
06:06
Dhuhr
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12:16
Asr
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15:42
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Markets

2,764.38 0.86%
Volume
236,766,479
Turnover
0.86%
Trades
2,880
26
Up
3
Flat
6
Down
Traded stocks 35
4,883.42 -0.01%
Volume
103,054,247
Turnover
-0.01%
Trades
1,501
9
Up
4
Flat
12
Down
Traded stocks 25
Most active
Elaf
0.22
Siyaha
7.25
Bithor
4.9
Tasweeq
8.5
Al Mansour Bank
0.62
Khaleeg
0.19
Credit
0.44
Ameen
0.33
Lohom
4.95
Pepsi
3.59
Bithor
4.9
Khaleeg
0.19
Khaleeg
0.19
Mousil
0.17
Capital
0.26
Al Mansour Bank
0.62

Marketwatch


3 hour 51 minute

Opinion: Republicans’ response to Kavanaugh’s accuser shows what they really think of women

When Supreme Court nominee Brett  Kavanaugh was part of Ken Starr’s team investigating Bill Clinton, some Americans wondered how they could explain President Clinton’s behavior to children.  That was a reasonable question to ask.   Now, 20 years later, as Judge Kavanaugh hopes to be seated on the Supreme Court, it’s worth asking a similar question in the context of Professor Christine Blasey Ford’s sexual assault allegations against Kavanaugh. If government, in the words of Supreme Court Justice Louis Brandeis almost a century ago, is a “potent, omnipresent teacher,” then what lessons are President Donald Trump and his Republican allies teaching...
4 hour 45 minute

Mortgage rates jump to four-month high as housing starts to falter

Rates for home loans jumped in step with yields in the bond market even as fresh reminders of familiar headwinds stalked the housing market. The 30-year fixed-rate mortgage averaged 4.65% in the Sept. 20 week, according to Freddie Mac’s weekly survey. That was up five basis points during the week, and marked the fourth straight weekly gain. The 15-year fixed-rate mortgage averaged 4.11%, also up five basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.92%, down from 3.93%. Mortgage rates track alongside the benchmark 10-year U.S. Treasury note yield TMUBMUSD10Y, -0.27%  , which roared to a four-month high as...
4 hour 47 minute

Household net worth climbs by $2.19 trillion, driven by stock market, house prices

The numbers: Household and nonprofit net worth rose by $2.19 trillion in the second quarter, the Federal Reserve announced Thursday. That represents a seasonally adjusted annual rise of 2.1% to $106.93 trillion, driven in part by gains in the stock market as well as in the value of real estate. What happened: As the economic cycle grows older — and as the real estate sector bemoans a lack of available homes that has driven up house prices — household net worth continues to gain. It’s important to stress that the Fed report doesn’t represent the experience for the typical household...

4 hour 50 minute

Fed has to start considering the risk of a recession, former Fed Gov. Larry Meyer says

The Federal Reserve has to start factoring in the rising risks of a recession to its policy actions, former Fed governor Larry Meyer said in an interview with Marketwatch. “We’re at a point here where we’ve got to be thinking about a recession risk,” Meyer said. A recession is not in view yet, “but it jumps out,” when you look at the outlook, Meyer said. In his latest forecast, Meyer said he is forecasting a sharply decelerating growth path for the economy. “The economy is projected to be on a sharply decelerating growth path. With that trajectory, you have to...
5 hour 26 minute

Philly Fed manufacturing index rebounds in September

The numbers: The Philadelphia Fed manufacturing index rebounded in September after slowing sharply in the prior month. The index rose to a two-month high of 22.9 in September from 11.9 in August, the regional district of the central bank said Thursday. That was above the MarketWatch-compiled economist consensus for a reading of 19.6. Any reading above zero indicates improving conditions. What happened: The new-orders index jumped 11.5 points to 21.4, and the shipments index rose 3 points to 19.6. Survey respondents reported diminished price pressures. Expectations for the next six months showed some moderation. Big picture: The index returned to...
5 hour 54 minute

Comey explains why Mueller probe may conclude soon

‘The way you normally do investigations is you work from the bottom up, and so they’re getting pretty high. The plea and cooperation by Paul Manafort may represent we’re in the fourth quarter.’ —James Comey That’s former Federal Bureau Investigation Director James Comey, who was fired by President Trump in May 2017, sharing his thoughts with St. Louis Public Radio about the status of Special Counsel Robert Mueller’s Russia investigation. Comey was referring to the conviction of Trump’s former campaign chair Paul Manafort, the fifth associate of the president’s to plead guilty in connection with the probe. Comey, however, acknowledged...

6 hour 29 minute

Hurricane Florence pushes jobless claims down to new 49-year low

The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, partly because of Hurricane Florence but mostly owing to a surging economy. Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969. The monthly average of new claims, meanwhile, slipped by 2,250 to 205,750, the government said Thursday. That’s also a 49-year low. The number of people already collecting unemployment benefits declined by 55,000 to 1.65...
6 hour 32 minute

Existing-home sales hold steady as housing begins to find some balance

The numbers: Existing-home sales ran at a seasonally adjusted annual 5.34 million rate in August, unchanged compared to July, the National Association of Realtors said Thursday. What happened: After falling for four straight months, sales of previously-owned homes stabilized in August. Existing-home sales were 1.5% lower than a year ago. And although sales seem to have stagnated in 2018, in the year to date, they’re only 1.2% lower than the same period a year ago, the Realtors said. The flat reading missed the MarketWatch consensus forecast of a 5.37 million rate. Sales surged 7.6% in the Northeast, the smallest region...
6 hour 37 minute

Economy poised to grow 3% or more for the rest of 2018, leading indicators signal

The numbers: The nine-year-old U.S. expansion is poised for 3% growth in the second half of 2018, according to an index that measures the nation’s economic health. The leading economic index rose 0.4% August following even stronger gains in the prior two months, the Conference Board said Thursday. What happened: The LEI is a gauge of 10 indicators meant to signal peaks and valleys in the business cycle and the broader economy. Most of the components expanded last month, pointing to a 3% or more growth rate in gross domestic product in the final two quarters of the year. Big...

6 hour 42 minute

Trump Today: President raises shutdown specter by calling spending bill ‘ridiculous’

This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. Like the stock market, the deadline for Trump Today action is 4 p.m. Eastern Time, even as we acknowledge that substantive news can and does occur after hours. President Donald Trump called a spending package “ridiculous” in a tweet on Thursday, raising the chances for a partial government shutdown at the end of the month, and also blasted OPEC anew over the price of oil. ‘RIDICULOUS SPENDING BILL’ Trump raised odds for a government shutdown by labeling...
9 hour 51 minute

OECD: Global economic growth is stalling — trade, a strong dollar and wages are to blame

The global growth expansion may have peaked as trade uncertainty and stalled wages tighten their grip on confidence, the Organization for Economic Cooperation and Development said Thursday. The OECD projected global growth to plateau at 3.7% in both 2018 and 2019, the group said in its latest interim outlook released Thursday. That’s slower than the outlook issued in May and marks a return to a rate of growth just below that seen prior to the financial crisis 10 years ago. “Confidence has weakened, trade and investment growth have proven slower than anticipated and wage growth has remained modest across most...
23 hour 20 minute

Trump to nominate former Fed staffer Nellie Liang to central bank's board of governors: WSJ

President Donald Trump is prepared to nominate Nellie Liang, a former top Federal Reserve staff member to the central bank's board of governors, the Wall Street Journal reported Wednesday. Liang is now a fellow at The Brookings Institution after she retired from a 31-year career at the Fed. Liang played a key role in the Fed's push to strengthen the banking sector after the housing bubble burst as the director of the Fed's office of financial stability policy and research. She provided regular reports to top Fed officials on the risks to financial stability. She co-led the Fed's first "stress...