Saudi FM calls Indian, Pakistani counterparts to discuss developments    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Arabia cracks down on fraudulent Hajj campaigns, urges pilgrims to use official channels    Nammos Amala Resort to open soon with Saudi-Greek designs    Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as ninth-year milestone marked    Literature Commission inaugurates Saudi Pavilion at Muscat Book Fair    Saudi Minister of Culture holds talks with his Costa Rican counterpart in Jeddah    Alkhorayef praises advancements in Al-Kharj food industries sector    MHRSD: 80% of recruitment offices are non-compliant with regulations    At least 50 Palestinians killed in Israeli strikes across Gaza    Teenage girl killed in French school stabbing attack    Trump claims meeting with China after Beijing denies any trade negotiations    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Closing stock market indices outside the U.S.
Published in Saudi Press Agency on 20 - 09 - 2005

Here is how major stock markets outside the United States ended on Wednesday.
LONDON - Britain's FTSE 100 index closed lower for a second straight session, tracking weakness in global markets on fears of more U.S. interest rate rises, but gains in BP on high oil prices capped losses. The blue chip FTSE index ended 46.7 points, or 0.86 percent, weaker at 5,369.7 points, adding to Tuesday's 13.3 point fall when it failed to hold onto four-year highs.
EUROPE - European shares fell 1.04 percent, retreating from 40-month highs as Hurricane Rita intensified off the southeastern United States, forcing oil prices upwards and hitting U.S. stocks. A growing fear of more U.S. interest rate rises added to nerves as crude prices surged to around $68 a barrel before slipping back somewhat when inventory data showed gasoline stocks had unexpectedly risen. The higher cost of the chemical industry's most crucial raw material knocked the DJ Stoxx chemicals sector index 1.6 percent as profit margins were threatened. "European chemical stocks are moving closer to fair values at present, and a further increase in the oil price could see them fully valued at current levels," said BayernLB analyst Michael Butscher, adding that demand for chemicals remained good. Shares in industry bellwether BASF were down 2.3 percent at 59.00 euros, Bayer was down 2.4 percent at 29.85 euros, Ciba was down 2.0 percent, Clariant fell 1.9 percent, Syngenta dropped 1.0 percent and Akzo Nobel lost 1.6 percent. The pan-European FTSEurofirst 300 index closed 1.04 percent lower at 1,205.39 points after ending at a 40-month high in the previous session. The index had risen about 1.5 percent in the past five sessions.
--More 2208 Local Time 1908 GMT


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