Market News

Dubai market environment "favorable" for new listings: developer

(Xinhua - 10/21/2017 7:00:00 PM)

The chairman of the Middle East's biggest developer Emaar Properties praised Dubai's market environment Saturday amid preparation of the listing of 30 percent of its subsidiary Emaar Development. "The current market development is favorable as we are ...

Saudi Firms Reveal Third Quarter Fiscal Results

(Asharq Al-Awsat - 10/21/2017 1:38:00 PM)

Saudi firms started announcing fiscal results of third quarter of the current year, amid positive indicators that affirm enhancement of listed companies' results. The outcome revealed an initial progress of 13.8 percent during the past nine months. Up ...

Index settles 170 points lower despite strong buying support on last d

(Gulf News - 10/20/2017 8:59:00 PM)

Strong buying on the last day was of no avail to the Qatar Stock Exchange, which settled 170 points lower last week that saw Doha outline its ‘positive” economic outlook before the International Monetary Fund and the World Bank. Insurance, industrials ...

Qatar shares snap 4-day losing streak on buying support

(Gulf Times - 10/20/2017 10:59:00 AM)

The Qatar Stock Exchange snapped four days of bearish spell, mainly on the back of strong buying in insurance, real estate and transport equities. Local retail investors and Gulf institutions turned bullish as the 20-stock Qatar Index gained 0.34% to ...

Abu Dhabi's Adnoc to Plan IPO of Gas Stations This Year

(Bloomberg - 10/20/2017 10:55:00 AM)

Abu Dhabi National Oil Co. plans to sell shares in its gas stations unit this year and list them on Abu Dhabi’s stock exchange, according to a person with knowledge of the matter. Goldman Sachs Group Inc., Morgan Stanley and EFG-Hermes are helping to ...

Catalysts, certainty drive trade values higher on DFM

(Gulf News - 10/20/2017 10:54:00 AM)

It was green almost across the board on the Dubai bourse on Thursday, with stocks recording modest gains and the main index ending the day 0.75 per cent higher. Trade values were also higher, reaching Dh919.4 million on the Dubai Financial Market (DFM) ...

Abu Dhabi's launch of short-selling set to attract big investors

(The National - 10/19/2017 8:59:00 PM)

The introduction of technical short-selling in Abu Dhabi Securities Exchange (ADX) will help to attract more institutional investors, boost liquidity and bring the market more in line with international standards, experts said. The Abu Dhabi market ...

Banks boost Saudi on Riyad earnings, Dubai's DSI jumps

(Reuters - 10/19/2017 6:28:00 PM)

Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai. Riyad Bank gained 6.2 percent after reporting a 47.7 percent ...

Nasdaq Dubai welcomes listing of USD 200 million bond

(Media Office, Dubai Government - 10/19/2017 3:20:00 PM)

Nasdaq Dubai welcomed today’s listing of a 200 million US dollar bond by Investment Corporation of Dubai (ICD) on the region’s international stock exchange. The issuance was made under ICD’s Euro Medium Note Programme of 2.5 billion US dollars. It is the ...

UAE can become listings hub for Middle East and Africa

(The National - 10/19/2017 12:16:00 PM)

The UAE can become the listings and equities trading hub for the Middle East by "aggressively" reaching out to entice companies in other territories, particularly in Africa, to list on the country's bourses, according to Mark Mobius, the executive ...

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