Market News

Abu Dhabi’s ADNOC ‘hires banks for fuel retailer IPO’

(Arab News - 7/20/2017 5:32:00 PM)

The Abu Dhabi National Oil Company (ADNOC) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering (IPO) of its retail unit that could raise $1.5 billion to $2 billion, sources said on Thursday. The ...

Seven-day rally in Dubai shares snapped

(The National - 7/20/2017 7:35:00 AM)

Shares in Dubai closed down 0.7 per cent yesterday, breaking a seven-day rally, as Damac Properties’ surge reversed course. Abu Dhabi stocks closed marginally lower in thin trading, while Saudi stocks closed half a per cent lower. The retail-investor ...

Oman shares continue to fall on weak sentiments

(Times of Oman - 7/20/2017 7:31:00 AM)

Shares on the Muscat bourse continued its decline on weak sentiment. The MSM30 continued its weak run and ended the session at 5,043.00 points, a loss of 0.41 per cent. The MSM Sharia Index closed at 749.27 points, down 0.82 per cent. Oman Fisheries was ...

Banks lift QSE index

(The Peninsula - 7/20/2017 6:28:00 AM)

Banking stocks boosted Qatar’s equities market yesterday, with some share prices approaching levels last reached before the country’s diplomatic crisis erupted in early June. The Qatar index advanced by 1.2 percent to 9,502 points, its highest finish ...

Property majors impact Dubai index

(Gulfnews - 7/20/2017 6:25:00 AM)

The Dubai index closed flat as buying in Emaar Properties was offset by mild profit-taking in Damac. The Dubai Financial Market General Index closed 0.11 per cent higher at 3,582.25. Emaar Properties closed 0.99 per cent higher at Dh8.19. Damac ...

Kuwait bourse closes up in choppy session – Agility rallies 31 fils;

(Arab Times - 7/20/2017 6:07:00 AM)

Kuwait stocks headed north on Tuesday after slipping into shallow trough in the last session. The price index rose 12.2 points in choppy trade to 6,813.11 pts helped by renewed buying in select counters. The heavyweights largely ended in the positive ...

Most stocks markets in region subdued

(Saudi Gazette - 7/20/2017 6:00:00 AM)

Banking stocks boosted Qatar's equities market on Wednesday, with some share prices approaching levels last reached before the country's diplomatic crisis erupted in early June, while other bourses in the region were mostly quiet. However, the Saudi ...

Seven-day rally in Dubai shares snapped

(The National - 7/19/2017 7:37:00 AM)

Shares in Dubai closed down 0.7 per cent yesterday, breaking a seven-day rally, as Damac Properties’ surge reversed course. Abu Dhabi stocks closed marginally lower in thin trading, while Saudi stocks closed half a per cent lower. The retail-investor ...

Opposite forces at play in Dubai index

(Gulfnews - 7/19/2017 6:27:00 AM)

Strength from Emaar shares was offset by weakness in Damac Properties, even as Dubai index closed half a per cent lower on Tuesday. Damac shares fell more than 9 per cent to close at Dh4.03, while Emaar Properties and Emaar Malls closed 1-2 per cent ...

Oman shares react on selling pressure

(Times of Oman - 7/19/2017 6:26:00 AM)

Shares on the Muscat bourse reacted on selling pressure. The MSM30 Index closed on a negative note at 5,063.85 points, down by 0.19 per cent. The MSM Sharia Index edged down by 0.08 per cent to end at 755.44 points. Oman Fisheries was the most active in ...

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