Ministry of Hajj issued over 150,000 Nusuk cards for the Hajj of 2025    Saudi Arabia deports 12,866 illegal residents in a week    SFDA clears first 44-ton medical shipment for Hajj pilgrims    Over 13 million worshipers pray at Rawdah Sharif in a year    Pope Francis laid to rest at historic funeral in Rome    Massive explosion at Iran's Shahid Rajaee Port injures over 500 people    Russia claims full control of Kursk region after ousting Ukrainian forces    Former US congressman George Santos sentenced to over 7 years for fraud and identity theft    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    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    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Alkhorayef praises advancements in Al-Kharj food industries sector    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Average life expectancy in Saudi Arabia rises to78.8 years    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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FTSE edges down 0.1 pct around midday; miners weigh
Published in Saudi Press Agency on 09 - 10 - 2009


Britain's top shares were down 0.1
percent around midday on Friday, with falls in mining stocks
just outweighing modest gains in oil majors and drugmakers
during a largely directionless session, Reuters reported.
At 1053 GMT, the benchmark FTSE 100 was 6.62 points lower at
5,148.02, in a see-saw session in which it opened slightly
higher before slipping back by mid-morning.
Mining firms were on the backfoot, pressured by falling
metals and gold prices, as a strengthening U.S. dollar made
commodities more expensive for investors. Antofagasta, Eurasian
Natural Resources, Lonmin and Xstrata lost between 2.1 and 2.9
percent.
The dollar rose after Federal Reserve Chairman Ben Bernanke
indicated an exit strategy from quantitative easing and low
interest rates as the economy improves.
"The index has so far traded in a 40 point range, with
traders struggling to find any meaningful direction. Once again
schizophrenic mining stocks are influencing sentiment," said
David Jones, chief market strategist at IG Index.
Banks were lower with falls in Lloyds Banking Group and
Royal Bank of Scotland, down 0.9 and 1.1 percent, respectively,
outpacing gains in HSBC, which rose 0.4 percent. Barclays was
flat.
Pressure remained on Lloyds Banking Group and RBS as the
Financial Times said the British government is to start
examining their loan pricing mechanisms, suspecting that they
are pricing loans to small and medium-sized businesses at levels
which are unaffordable for most smaller institutions.
Mobile telecommunications firm Vodafone extended falls from
previous sessions, down 1 percent, on concerns over a price war
among Indian mobile telephone firms.
Defence firms BAE Systems and Cobham fell 2.7 and 0.4
percent, respectively.
On the upside, oil majors were stronger as crude prices
stayed above $71 a barrel. BG Group, Royal Dutch Shell and Cairn
Energy added 0.1 to 1 percent.
The Canadian and Alberta governments have promised C$865
million ($823 million) to help Royal Dutch Shell develop carbon
capture and storage at its oil sands processing plant, as they
seek to meet goals to cut emissions and curb global warming.
Pharmaceuticals extended recent gains with AstraZeneca and
GlaxoSmithKline adding 0.4 and 0.5 percent, respectively, while
Shire, which missed out on Thursday's rally, added 0.1 percent.
Whitbread rose 2.2 percent helped by upbeat third-quarter
results from U.S. peer Marriott International and a
recommendation upgrade by Barclays Capital to "overweight" from
"underweight".
Within the travel and leisure sector, Intercontinental
Hotels, Carnival and Compass Group rose 0.8 to 2 percent.
On the data front, British factory gate inflation
unexpectedly turned positive for the first time in five months,
with non-seasonally adjusted output prices up 0.5 percent in
September, taking the annual rate of inflation to 0.4 percent.


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