On the economic front, growth in economic activity accelerated in February against all odds in the Chicago area, the index standing at 71.2, its highest level since July 1988 against an advance to 67.7. On the stock front, unlike Paris, the London Stock Exchange ended slightly lower yesterday, falling by 0.12%. However, following a reversal of a barrel of oil, the German Dax gained 1.21% to 7.272.32 points. In Arab countries, unrest has gripped stock markets. Contrary to what was expected, the Cairo Stock Exchange will not open its doors again tomorrow. The spokesman said that the Exchange should reopen next Sunday. The Exchange has been closed since Jan. 27. Several scholarships Arab sharply dropped because of the unrest that spread now as in the Sultanate of Oman. The Muscat market has dropped by 4.9% while the Dubai Financial Market has fallen to its lowest level since 2004, to 1410.70 points. The Stock Exchange index of Abu Dhabi has limited losses but nevertheless fell 1.5%. In Qatar, the fall was 3.2% while the index of Saudi Arabia TASI was down 0.15%, limiting losses after a fall of 5% on Monday. Protest movements in the Arab world are likely to impact even for a while the financial markets in the region.
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