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African airline shares fall as global markets struggle

African airline stocks fell back yesterday, reflecting concerns in global markets about China's rapid pace of GDP growth and the potential it brings for higher interest rates to cool the economy.

South Africa’s central bank left its interest rate unchanged yesterday. 1Time Holdings' shares fell 3.3%, while Lonhro dipped 5.5%. Kenya Airways was flat.

Kuwait's Jazeera Airways gained 1.6% yesterday.

Middle East and African airlines' daily share price movements: 20-Jan-2011

MEAAD