Market Current Level Change
Saudi Stock Exchange 6,875.87 22.42 (0.33%)
Dubai Financial Market 3,690.39 -3.75 (-0.10%)
Abu Dhabi Stock Exchange 4,704.70 8.79 (0.19%)
Kuwait Stock Exchange 6,435.75 83.98 (1.32%)
Bahrain Stock Exchange 1,239.74 5.96 (0.48%)
Muscat Securities Market 5,734.14 13.37 (0.23%)
Qatar Exchange 10,941.43 61.28 (0.56%)
GulfBase GCC Index 4,388.96 14.83 (0.34%)
Selling in bank stocks pulls down share index

(Times of Oman - 1/19/2017 8:14:00 AM)

Local selling in banking stocks dragged down the MSM30 Index, which ended the session at 5,720.77 points, down by 0.29 per cent. The MSM Sharia Index declined by 0.08 per cent to close at 857.64 points. Oman Fisheries was the most active in terms of...

Stocks hover near 3-month highs; pound in spotlight

(Oman Daily Observer - 1/19/2017 8:13:00 AM)

Asian stock markets stabilised near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged US President-elect Donald Trump’s concerns over a stronger dollar to be beneficial to some of the regional bourses....

Saudi National Commercial Bank Q4 profit up 7.5%

(Gulf Times - 1/19/2017 8:09:00 AM)

Saudi Arabia’s National Commercial Bank (NCB) reported a 7.5% rise in fourth-quarter net profit yesterday as the kingdom’s largest lender was boosted by higher income from commission and investments. The results are the strongest in four quarters for the...

Al Khaliji earns QR427mn profit

(Gulf Times - 1/19/2017 8:02:00 AM)

Al Khalij Commercial Bank (Al Khaliji) has posted a net profit of QR427mn in 2016, it was announced yesterday. The bank’s net operating income for 2016 reached QR1.2bn and was 1% higher than 2015. This growth was driven mainly by a 22% growth in interest...

QIB profit grows by 10.3% to QR2.15bn

(The Peninsula - 1/19/2017 7:59:00 AM)

QIB has recorded a net profit of QR2.15bn for the fiscal year 2016, up 10.3 percent compared to QR1.95bn for the year 2015. The bank’s basic earnings per share reached QR8.55 compared to QR 8.06 a year ago. In line with the improved profitability, QIB...

UAE shares edge up on quiet day

(The National - 1/19/2017 7:55:00 AM)

Disappointing results from Saudi Electricity dragged shares in the kingdom lower on Wednesday. The UAE bourses ended a quiet day slightly higher. The Tadawul rose slightly during the middle of the trading session before easing lower to finish 0.3 per...

GFH touches 52-week high on aggressive buying

(Gulfnews - 1/19/2017 7:54:00 AM)

Gulf Finance House (GFH) sprang back in action on Wednesday, hitting its highest level in 52 weeks, as traders aggressively bought into the stock. GFH touched Dh2.16 before retreating slightly to close 9.18 per cent higher on the previous session at...

Al Anwar Holding to divest from Falcon Insurance

(Oman Daily Observer - 1/19/2017 7:52:00 AM)

Al Anwar Holdings SAOG (AAH), an Oman-based company listed on the Muscat Securities Market, has announced that it will be divesting part of its holding in Falcon Insurance Company SAOC. The company said in a filing to the Capital Market Authority that...

UAE signs MoU with Japan on SMEs

(The Gulf Today - 1/19/2017 7:47:00 AM)

The UAE Ministry of Economy (MoE) has signed a Memorandum of Cooperation, MoC, with its counterparts from Japan on key aspects concerning innovation and small and medium enterprises, SMEs, to promote joint initiatives, knowledge and technology transfer,...

UAE issues Global State of Future Report

(The Gulf Today - 1/19/2017 7:46:00 AM)

The UAE released the State of the Future Report, a first if its kind, on Wednesday in Davos containing over 100 forecasts for the next 40 years. The report was prepared in collaboration with 21 experts from organisations such as NASA, NYU Langone Medical...