Market News

Bearish trend continues on Muscat bourse

(Times of Oman - 2/22/2018 5:57:00 AM)

The MSM30 Index closed the session at 4,987.37 points, down by 0.26 per cent. The MSM Sharia Index declined by 0.19 per cent to close at 704.85 points. Galfar Engineering was the most active in terms of volume as well as turnover. Ahli Bank was the top ...

Bahrain selects banks for planned international bond issue

(Gulf News - 2/22/2018 5:48:00 AM)

Bahrain’s government has selected banks for a planned international bond issue, sources familiar with the matter said on Wednesday.

BNP Paribas, Citi and JPMorgan have been chosen to arrange the transaction, along with Gulf International Bank ...

Emaar Properties shares jump after government’s proposed move

(Gulf News - 2/22/2018 5:46:00 AM)

Emaar Properties rose on Wednesday on the proposed move by the regulator that may ask developers to meet 50 per cent construction before launching off-plan sales.

Emaar Properties closed 3.15 per cent higher at Dh6.22. The Dubai Financial ...

Bahrain Bourse endorse the launch of Bahrain Fintech Bay

(Biz Bahrain - 2/22/2018 5:34:00 AM)

Bahrain Bourse announced signing a Memorandum of Understanding (‘MOU’) with Bahrain FinTech Bay (BFB) on 18th February 2018 to endorse the launch of Bahrain Fintech Bay (BFB).

CEO of Bahrain Bourse, Shaikh Khalifa Bin Ebrahim Alkhalifa and the ...

Oman’s share index falls marginally

(Times of Oman - 2/21/2018 7:50:00 AM)

The MSM30 Index closed the session at 5,000.48 points, down 0.14 per cent. The MSM Sharia Index declined 0.16 per cent to end at 706.19 points. Galfar Engineering was the most active in terms of volume as well as turnover. Rallying 17.11 per cent, Galfar ...

UAE bourses stay sluggish amid select buying

(Gulf News - 2/21/2018 7:37:00 AM)

UAE bourses remained sluggish on Tuesday even as a few stocks witnessed select buying due to specific fundamentals.

The Dubai Financial Market General Index closed 0.84 per cent lower at 3,270.34. Traded value was at Dh233 million.

...

Saudi Arabia issues 7.22b riyals of domestic sukuk

(Gulf News - 2/21/2018 7:37:00 AM)

Saudi Arabia’s finance ministry issued 7.22 billion riyals ($1.93 billion; Dh1.55 billion) of domestic sukuk in its monthly sale by re-opening an issue originally made last month, the ministry said on Tuesday.

It sold 5.37 billion riyals of ...

EFG Hermes upgrades Saudi Arabia ahead of anticipated EM index inclusion

(The National - 2/20/2018 5:43:00 AM)

EFG Hermes has revised its outlook for Saudi Arabia upwards to overweight status, ahead of the country’s anticipated inclusion in the MSCI and FTSE emerging market indexes, which will generate flows of up to $45 billion into local equities, according to ...

Muscat bourse falls on weak sentiment

(Times of Oman - 2/20/2018 5:35:00 AM)

A sluggish trend prevailed on the Muscat Securities Market with the general index shedding 6.89 points. The MSM 30 Index closed at 5,007.52 points.

The market turnover stood at OMR1.25 million, indicating a growth of 29.9 per cent compared to ...

Mild buying seen on UAE bourses, but undertone bearish

(Gulf News - 2/20/2018 5:23:00 AM)

UAE bourses witnessed a mixed trade on Monday but the undertone is still bearish, according to analysts.

The Dubai Financial Market General Index closed 0.18 per cent higher at 3,298.07.

Emaar Properties closed at Dh6.10, up 0.49 per ...

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