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S. Africa stocks close higher, taking cue from global markets

Xinhua, September 23, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) rallied on Thursday, breaking from a two-day decline as it takes a cue from higher global markets.

The South Africa rand traded at R13.58 to a U.S. dollar, R17.76 to a British pound and R15.27 to a euro at close of trading.

The all-share index closed 2.24 percent up to 51,895.18 points at close of session, with the top 40 gaining 2.31 percent. Gold had risen 0.16 percent to 1,337.56 dollars an ounce.

As expected, the U.S. Federal Reserve kept interest rates on hold, even as it left the door open for a potential rate increase by the end of the year. Endit